Capital One CD Rates: How They Compare

Spencer TierneyJune 16, 2020
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Capital One CD rates

  • 1-year: 0.20% APY

  • 3-year: 0.30% APY

  • 5-year: 0.40% APY

Capital One CD
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Capital One has had historically high certificate of deposit rates and current yields tend to be competitive among other online banks. There’s no minimum deposit required.

Capital One CD rates

6-month CD

0.20% APY

9-month CD

0.20% APY

1-year CD

0.20% APY

18-month CD

0.25% APY

2-year CD

0.25% APY

30-month CD

0.25% APY

3-year CD

0.30% APY

4-year CD

0.35% APY

5-year CD

0.40% APY

» Want more options? See the best CD rates

How Capital One CD rates compare

Capital One CDs have relatively decent rates, but some online banks offer higher ones. Let’s compare five-year CD rates:

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APY

0.70%

With $500 minimum balance

APY

0.40%

With $0 minimum balance

APY

0.40%

With $0 minimum balance

Minimum Balance

$500

Member FDIC

Minimum Balance

$0

Member FDIC

Minimum Balance

$0

Member FDIC

» Learn more about accounts on our Capital One review

More details about Capital One CDs

Minimum deposit

None.

Monthly fee

None, which is common for CDs.

Range of CD terms

6 months to 5 years.

Compounding period

Monthly. (This detail helps you estimate what you can earn using a CD calculator.)

Early withdrawal penalty

  • 3 months' worth of interest* for CDs of terms 1 year and shorter

  • 6 months' worth of interest* for CDs of terms longer than 1 year

  • *The penalty can include more than actual interest earned if the withdrawal occurs early enough.

    Grace period

    10 days after the CD's maturity date. Capital One CDs automatically renew, so this 10-day window is the only time to withdraw without getting hit by a penalty.

    Capital One IRA CD available?

    Yes; compare the best IRA CD rates

    What to consider when opening CDs

    • Interest rates are fixed. If you open a Capital One CD today, its annual percentage yield will stay the same until the CD expires. This benefits you if you lock in a CD before rates start dropping, but on the flip side, you’ll earn less on a CD if rates keep rising. It’s hard to know when CD rates go up, but here’s a quick look at historical CD rates, including this year’s.

    • You lose interest if you withdraw early. CDs are built to keep your money out of sight, out of mind. If you dip into a Capital One bank CD before it expires, there’s an early withdrawal penalty, which means losing some or all the interest you earned.

    » On the fence about a CD? If there’s a chance you’ll need access to your money, look into the best high-yield savings accounts instead.

    Solid rates and terms

    Capital One CD
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    Capital One CDs are among the best, but if you want to compare more options, check out our list of best CD rates this month.

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