Capital One CD Rates 2024: How They Compare

Capital One 360’s CD rates are on par with other online CDs and the bank requires no minimum deposit.
Spencer Tierney
By Spencer Tierney 
Updated
Edited by Sara Clarke
Capital One CD Rates: How They Compare

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Capital One 360 CD rates

  • 1-year: 5.00% APY

  • 3-year: 4.00% APY

  • 5-year: 3.90% APY

Capital One 360 CD
NerdWallet rating 

Capital One 360’s CD rates are on par with other online high-yield CDs and there’s no minimum deposit requirement. You won’t find specialty CDs such as no-penalty or bump-up CDs that some online competitors have, but Capital One has among the most competitive yields for an online bank.

Capital One CD rates

6-month CD

4.25% APY.

9-month CD

4.25% APY.

1-year CD

5.00% APY.

18-month CD

4.45% APY.

2-year CD

4.00% APY.

30-month CD

4.00% APY.

3-year CD

4.00% APY.

4-year CD

3.95% APY.

5-year CD

3.90% APY.

» Want more options? See the best CD rates

Frequently asked questions

Yes. As at most banks, funds saved in a CD at Capital One are insured by the Federal Deposit Insurance Corp., up to $250,000 per account.

There is no minimum to open a Capital One CD — you can open one with any amount. Some banks and credit unions have minimums such as $500 or even $10,000.

Rates fluctuate, but today, Capital One is offering a rate of 5.00% APY for a 12-month CD, 4.00% for a 3-year and 3.90% for a 5-year CD. Read on for more rates and terms.

The short answer is, yes. Capital One 360 is the online banking division of Capital One, but the online division can also be called Capital One, so you can use either when discussing its online accounts and banking services.

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.

Bonus rate feature

10-Day Rate Lock (Best Rate) Guarantee: If you fund your CD by linking to an external account within 10 calendar days of opening your account, Capital One will offer you the best rate available for that term within those 10 days. So if Capital One raises its 1-year CD rate three days after you fund a 1-year CD, you enjoy the higher rate. This feature ensures that you can capture the best CD rate even if processing delays happen.

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 too early in the term.

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 facing a penalty.

POD designation available?

Yes; Capital One CDs can be “payable on death” accounts, meaning an account owner can choose individuals as beneficiaries to receive funds in the event of the owner’s death. Capital One allows up to 10 individuals to be designated as beneficiaries.

Capital One IRA CD available?

No; see other banks' options on our list of the best IRA CD rates.

» Learn more about accounts on our Capital One review

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 enables you to lock in a CD if rates are relatively high. Here’s a quick look at historical CD rates, or, if you want a snapshot of high-yield rates by term, see current CD rates.

  • 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.

Ready to choose a CD?

View a curated list of our picks based on competitive rates and terms.

on NerdWallet's secure site

More about Capital One

Capital One 360 CD
NerdWallet rating 

Capital One 360, or Capital One, is an online bank for personal and business customers with bank accounts, credit cards (with travel and dining rewards), auto loans, business credit cards and business loans. Its three types of bank accounts — checking, savings and CDs — have solid rates and no monthly fees. Capital One has the rare combination of branches (and cafés) in a handful of states, a fee-free nationwide ATM network and a strong web offering with highly rated mobile apps.

Online banks like Capital One generally have high-yield savings accounts and CDs with top rates and low minimums. Compare the best online banks or see the best high-interest bank accounts.

Nerd-Approved CDs
Interest rates may never be this high again. Lock in a top APY with these CDs.
Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.