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The Capital One 360 Performance Savings account has an annual percentage yield of 4.30% with no minimum balance. It has an interest rate that is much better than the national average of 0.45%. But there are a few online savings accounts at other banks with higher rates.
Capital One 360 savings rate, fees
How it compares
The average national rate for savings accounts is 0.45%.
Minimum opening deposit
» Check out high-interest rate options with NerdWallet’s best high-yield online savings accounts.
Interest rate is the amount of interest paid on a bank account balance, expressed as a percentage. Interest is often paid daily or monthly. Annual percentage yield, or APY, is a percentage that reflects the total amount of interest you earn over one year.
How Capital One 360 compares to online banks
Capital One 360 offers online accounts with no monthly fees and above average rates that are often found with online savings accounts. There are also no minimum balance requirements. But while Capital One 360 is competitive, higher rates can sometimes be found elsewhere. (For more on this bank, check out NerdWallet’s full Capital One 360 review.)
» Looking for other ways to save? Read about Capital One 360’s CD rates.
Use the savings calculator to find out how much interest you could be earning in a high-interest savings account. The higher the rate, the faster your money can grow.
» Ready for the next step? Compare best savings rates.
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