Updated October 24, 2023

Capital One CD Rates

Read more about Capital One
Editorial Note: This content is not provided by the companies mentioned. Opinions expressed here are author's alone, and have not been reviewed, approved or otherwise endorsed by the companies.
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation may impact how and where products appear on this site. You help support CreditDonkey by using our links. (read more)

Interested in Capital One 360 CDs? Here are their rates and how to open one.

Capital One is best known for its credit cards. But, they've also been gaining traction for their impressive savings products.

They offer CDs with up to 4.00% APY that will help you boost your money. You can also choose from various terms ranging from 6 months to 60 months, with no minimum balance to worry about.

Read on to know more about Capital One's CD rates, features, fees, and more!

Capital One 360 CD Rates And Terms

CD Term APY
6 Months 3.90%
9 Months 3.90%
12 Months 4.00%
18 Months 3.80%
24 Months 3.60%
30 Months 3.60%
36 Months 3.60%
48 Months 3.55%
60 Months 3.50%

Minimum Deposit$0
Terms6, 9, 10, 12, 18, 24, 30, 36, 48, and 60 months
Interest PaymentsMonthly
Early Withdrawal PenaltyTerms 12 months or less: 3 months' interest
Terms <12 months: 6 months' interest
Grace Period10 days (to withdraw penalty-free after maturity)
Limit50 accounts
FDIC-InsuredYes

Capital One has a good range of CD terms you can choose from. In fact, they have a total of 9 terms available.

For short-term goals, they offer CD terms ranging from 6 months to 18 months. But, if you want something for the long haul, they also have terms from 24 months to 60 months.

If you want short term CDs, you may want to look at CDs from other banks because Capital One's rates may not be the best in the market. To maximize interest earnings, consider getting their 12-month and 18-month CDs.

How Much Can You Earn with Capital One CD

Here's how much you can earn with Capital One 360 CDs if you deposit $10,000.

CD Term APY Earnings
6 Months3.90% $193.13
9 Months3.90% $291.10
12 Months4.00% $400.00
18 Months3.80% $575.38
24 Months3.60% $732.96
30 Months3.60% $924.45
36 Months3.60% $1,119.35
48 Months3.55% $1,497.42
60 Months3.50% $1,876.86

When are Capital One CDs paid?
Capital One 360 CD interest is accrued daily and is compounded and credited to your CD account monthly. You also get the option to receive your interest disbursement either monthly, yearly, or by the end of your term.

How Capital One CDs Compare

Capital One 360 CD Pros and Cons

Pros:

  • No maintenance fees
  • No opening deposit
  • 10-day rate lock guarantee
  • Various CD terms available
  • IRA CDs available
  • Access to physical locations
  • 24/7 customer service
  • FDIC-insured

Cons:

  • Early withdrawal penalties
  • Monthly compounding interest
  • No-penalty CD not available
  • Bump-up CD not available

Which aspect of Capital One 360 CDs interests you the most?

Capital One 360 CD Rate Lock Guarantee
Capital One gives you the highest rate they offer on the CD if you fund your account by linking to an external account within 10 calendar days of applying for a CD.

Fees And Penalties

Most banks will not allow you to close your CD pre-maturely without paying early withdrawal penalties. This rule applies to Capital One's 360 CDs as well.

If you need to close your 360 CD early, here's what you'll have to pay depending on your CD term:[1]

CD TermEarly Withdrawal Penalty
12 months or less3 month's worth of interest on the original principal balance
More than 12 months6 month's worth of interest on the original principal balance

Can You Lose Money with a Capital One CD?

Generally, you won't lose money with a Capital One CD because Capital One is FDIC insured (FDIC Cert #4297). This means the government will cover your deposits in case the bank fails, up to $250,000 per depositor, per ownership category.

However, you can lose some of your earnings due to early withdrawal penalties if you withdraw before maturity. And in some cases, if you withdraw early enough, the penalty could even eat into the principal.

For example, say you open a 12-month CD with Capital One, but things came up and you need to close it in 2 months. In this case, the penalty is 3 months' worth of interest. So you would lose some of your principal.

How To Open A Capital One 360 CD Account

You can open a Capital One 360 CD account at any of their locations or online. Here's how to do it through their website:

  1. Visit Capital One's official website and go to the 360 CD Accounts page under Checking & Savings.
  2. Click on Open Account and choose the details that apply.
  3. Select your preferred 360 CD term and rate.
  4. Fill out the form and provide the necessary documents.
  5. Fund your account.

How To Fund A Capital One 360 CD Account

You can fund your Capital One 360 CD via an electronic transfer (ACH). You can transfer from your Capital One savings account or link an external bank account.[2]

Tip: To take advantage of Capital One's rate guarantee, make sure you fund your CD within 10 days of opening an account.

How To Withdraw At Maturity

Capital One will send you a reminder 30 days before your 360 CD matures. But you should start thinking about what to do with your money before then.

You can choose to do any of the following:

  1. Automatically renew your CD with the same terms
  2. Renew your CD with a different principal balance, term, or both
  3. Close your CD and withdraw all funds

Upon the maturity of your 360 CD, you get a 10-day grace period which you can use to decide on what you'll do with your account.

If you don't do anything, your CD is automatically renewed and Capital One will send you a renewal notice.

Capital One has multiple locations all around the US. But, unlike other banks, they also have Capital One Cafes where you can enjoy a cup of coffee whilst doing banking errands.

CD Ladders with Capital One CDs

A CD ladder is a strategy where you split up your money into multiple CDs with different rates and terms. The goal is to have CDs mature at regular intervals. This way, you have cash on hand to use or reinvest whenever a CD matures.

Capital One offers 12-month and 18-month CDs that are worth considering as the longest term for CD a ladder.

Use our CD ladder calculator below to see how much you can earn with Capital One 360 CDs.

CD Ladder Calculator

Should I Open A Capital One CD Account?

Capital One offers competitive CD rates with a variety of terms to choose from. If you're looking for a low-risk investment to boost your savings, they are a good bank to check out.

If you're looking for flexibility and good rates, your best bet would be to build a CD ladder with Capital One's 360 CDs. Make sure to do research and compare CD rates before deciding on one.

References

  1. ^ Capital One. 360 CD account disclosures, Retrieved 10/5/2023
  2. ^ Capital One 360 CD, Retrieved: 10/10/23
Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 1/22/2025
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 3/13/2025

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.

Bank of America
Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

Expires 1/31/2025
  • The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 01/31/2025.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 4.55% APY

  • 4.55% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC
Bluevine

Free Business Checking - Earn $300 Bonus

Expires 12/31/2024

To earn the $300 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 12/31/2024 using the referral code CD300.

After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding:

  • Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
  • Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
  • Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®

Banking services provided by Coastal Community Bank, Member FDIC

Write to Rue Atanacio at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Subscribe to CreditDonkey: Get updates on the latest deals and keep up with the best money moves.
Your privacy is important to us. Unsubscribe anytime

Compare:

Save money and build wealth. Sign up to get our FREE email newsletter.

Next Page:

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.