Capital One CD Rates
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. You help support CreditDonkey by using our links.
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 5.10% 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 | 4.25% |
| 9 Months | 4.25% |
| 10 Months | 5.10% |
| 12 Months | 4.80% |
| 18 Months | 4.45% |
| 24 Months | 4.00% |
| 30 Months | 4.00% |
| 36 Months | 4.00% |
| 48 Months | 3.95% |
| 60 Months | 3.90% |
| Minimum Deposit | $0 |
|---|---|
| Terms | 6, 9, 10, 12, 18, 24, 30, 36, 48, and 60 months |
| Interest Payments | Monthly |
| Early Withdrawal Penalty | Terms 12 months or less: 3 months' interest Terms <12 months: 6 months' interest |
| Grace Period | 10 days (to withdraw penalty-free after maturity) |
| Limit | 50 accounts |
| FDIC-Insured | Yes |
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.
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 Months | 4.25% | $210.29 |
| 9 Months | 4.25% | $317.09 |
| 10 Months | 5.10% | $423.23 |
| 12 Months | 4.80% | $480.00 |
| 18 Months | 4.45% | $674.87 |
| 24 Months | 4.00% | $816.00 |
| 30 Months | 4.00% | $1,030.20 |
| 36 Months | 4.00% | $1,248.64 |
| 48 Months | 3.95% | $1,676.10 |
| 60 Months | 3.90% | $2,108.15 |
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
Certificate of Deposit
- 4.70% APY for 12-month term
- 4.40% APY for 18-month term
- 3.75% APY for 36-month term
- 3.75% APY for 5-year term
CIT Bank No Penalty CD - 3.50% APY
- 3.50% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CD Rates - Up to 5.05% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Month | 5.05% APY |
| 12 Month | 4.50% APY |
| 24 Month | 4.50% APY |
| 36 Month | 4.40% APY |
| 60 Month | 4.30% APY |
Alliant Credit Union CD Rates
- Low minimum deposit of only $1,000; no maximum
- Jumbo certificates may be available for a higher rate if you deposit $75,000 or more
- Funds are insured up to $250,000 by NCUA
| Term | APY |
|---|---|
| 3-month | 4.25% |
| 6-month | 5.00% |
| 12-month | 5.15% |
| 18-month | 4.90% |
| 24-month | 4.30% |
| 36-month | 4.20% |
| 48-month | 4.05% |
| 60-month | 4.00% |
5-Month High-Yield CD - 5.00% APY
- $1 minimum deposit
- 24/7 online access
- Federally insured by NCUA
12-Month High-Yield CD - 4.90% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- Federally insured by NCUA
9-Month High-Yield CD - 4.80% APY
- No fees
- $1 minimum deposit
- 24/7 online access to funds
- Federally insured by NCUA
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
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 Term | Early Withdrawal Penalty |
|---|---|
| 12 months or less | 3 month's worth of interest on the original principal balance |
| More than 12 months | 6 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.
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:
- Visit Capital One's official website and go to the 360 CD Accounts page under Checking & Savings.
- Click on Open Account and choose the details that apply.
- Select your preferred 360 CD term and rate.
- Fill out the form and provide the necessary documents.
- 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]
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:
- Automatically renew your CD with the same terms
- Renew your CD with a different principal balance, term, or both
- 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.
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.
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
- ^ Capital One. 360 CD account disclosures, Retrieved 10/5/2023
- ^ Capital One 360 CD, Retrieved: 10/10/23
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- 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*
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 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 5/31/2024.
- To qualify, open a 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 account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
CIT Bank Platinum Savings - 5.05% APY
- 5.05% 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
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.
|
|
| ||||||
|
|
|
Compare:
