The Capital One 360 CD account has 10 term options ranging from six months to five years, but the available options may change. Unlike competitors like Ally and Bank of America, Capital One doesn’t have more flexible options such as no-penalty or bump-up CDs.
Featured CDs
Capital One CD Rates
The annual percentage yield (APY) on a Capital One 360 CD ranges from 3.60% to 5.00% and varies by term length. The rate is fixed, unlike with a traditional savings account. This allows you to lock in a rate and determine how much interest you’ll earn over the term.
You’ll typically receive the bank’s top CD rates when you choose a 12- or 18-month term. On the opposite end of the spectrum, Capital One generally pays the lowest rates for its longest-term options of four and five years.
Capital One CD Rates vs. Other Top Banks
The MarketWatch Guides team compared Capital One’s one-year CD rate to four competing banks and found Capital One and Synchrony Bank don’t require a minimum deposit. Discover has the highest minimum deposit at $2,500. Chase offers higher interest rates for customers with higher account balances and linked Chase checking accounts.
| CD Term Length | Capital One CD APY | Discover APY | Synchrony APY | Chase APY |
| 6-month CD | 4.25% | 4.10% | 4.40% | 0.01% |
| 1-year CD | 4.25% | 4.50% | 4.60% | 0.01% |
| 2-year CD | 3.80% | 4.00% | 4.00% | 0.01% |
| 3-year CD | 3.70% | 3.75% | 4.15% | 0.01% |
| 5-year CD | 3.60% | 3.60% | 4.00% | 0.01% |
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What Stands Out About Capital One
Capital One excels in customer service, having received recognition in the U.S. National Banking Satisfaction Study by J.D. Power for overall customer satisfaction for four years in a row. This ranks banks on factors such as trust, saving time and money and resolving problems and complaints. All Capital One deposit accounts are insured by the Federal Deposit Insurance Corp. (FDIC).
Capital One also stands out for its high APYs on its savings products. The national average APY for savings accounts is currently , while Capital One’s 360 Performance Savings comes in at 4.25%. And its 12-month CDs are currently earning 4.25% while the national average is 2.57% APY.
Is Now the Right Time for a Capital One CD?
Current CD rates are higher than the historical average, likely due to the rising interest rates in 2023.
“Current estimates predict a 68% chance of rates easing in September and an 80% chance of easing in November,” said Ben McLaughlin, U.S. President at Raisin, citing the CME FedWatch tool. “That being said, now may be a great time to lock in a higher rate before they ultimately start cooling later in the year.”
Month-over-month changes indicate some stability in CD rates. Shorter-term Capital One CDs such as the 6-month and 9-month options are offering 4.25% APY, while its 1-year CD rate of 4.25% APY makes it a good investment for short- to medium-term savers.
How Much Can I Earn with a Capital One CD?
Capital One CDs are fixed-rate CDs that compound monthly with no minimum deposit required. However, Capital One does cap its CD deposits at $1 million. Here’s an example of how much you could earn with a $10,000 deposit:
| Capital One CD | APY* | Total Value of a $10,000 CD at Term End |
|---|---|---|
| Six-month CD | 4.25% | $10,214.39 |
| Nine-month CD | 4.25% | $10,323.30 |
| One-year CD | 4.25% | $10,433.38 |
| 18-month CD | 4.00% | $10,617.31 |
| Two-year CD | 3.80% | $10,788.33 |
| 30-month CD | 3.80% | $10,994.94 |
| Three-year CD | 3.70% | $11,172.04 |
| Four-year CD | 3.65% | $11,569.40 |
| Five-year CD | 3.60% | $11,968.95 |
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You can also use our CD calculator to see how much interest you could earn with various amounts and terms.
Capital One CDs: Additional Information
As you go through your decision process, here are some basic things to note about Capital One’s CDs:
Early Withdrawal Penalties
- Six- and 12-month CDs have an early withdrawal penalty of three months’ interest, which is fairly standard among banks we’ve reviewed.
- Two, three- and five-year CDs come with an early withdrawal penalty of six months’ interest, which is fairly standard among banks we’ve reviewed.
CD Renewal
- CDs automatically renew at maturity unless otherwise specified.
- You have a 10-day grace period after maturity to access your funds without penalty.
Is There a Catch to Capital One CDs?
Capital One’s CD rates are considered high-yield at 3.60% to 5.00% APY. Unlike some competitors, Capital One doesn’t offer specialty CDs such as no-penalty or bump-ups, which can be a better option for some customers.
As for reputation, Capital One scores an A+ rating with the Better Business Bureau (BBB) and has received a high ranking from J.D. Power for customer satisfaction. However, like most, it has its share of complaints, including getting charged fees they didn’t know they owed, mistaken credit reporting and unfulfilled promotions.
Other Capital One Deposit Accounts
In addition to CDs, Capital One offers a limited number of deposit accounts, including high-yield savings accounts and checking accounts.
Capital One Savings Account
Capital One offers the 360 Performance savings account, which has a variable APY well over the national average for savings accounts. As an FDIC-insured high-yield savings account, this option is good for everyday savers since it allows for ongoing deposits and withdrawals.
Capital One’s savings account has no monthly fee, minimum deposit requirement or minimum balance requirement. The bank used to limit certain savings account transfers to six per statement cycle but is waiving that restriction for now. If limits return, Capital One will contact you.
Capital One also offers a fee-free savings account for kids. While it has a lower rate than the bank’s high-yield savings account, it beats the national average.
Review our picks for the best savings accounts to compare Capital One to competitors.
More on Capital One
- Capital One Review
FAQ: Capital One CD Rates
While the best CD rates frequently change, the highest-paying CDs are mostly from credit unions and online banks. The highest rate available today is 5.92% from Merchants Bank of Indiana.
The best rate for a one-year CD is 5.92% APY. Capital One’s one-year CD has a 4.25% APY. In addition, many online financial institutions and credit unions like Marcus by Goldman Sachs and Bask Bank have rates above 5% APY. Check out our list of best one-year CD rates for more options.
Yes, however, Capital One only has physical locations in seven states, with most branches in New York, Louisiana, Maryland, Texas and Virginia.
*Data accurate at time of publication
Editor’s Note: Before making significant financial decisions, consider reviewing your options with someone you trust, such as a financial adviser, credit counselor or financial professional, since every person’s situation and needs are different.
Editor’s Note: Parts of this story were auto-populated using data from Curinos, a research firm that collects data from more than 3,600 banks and credit unions. For more details on how we compile daily rate data, check out our methodology here.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.com.
