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Capital One CD Rates: How They Compare
Capital One 360’s CD rates are on par with other online CDs and the bank requires no minimum deposit.
Many or all of the products featured here are from our partners who compensate us. This may influence 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.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
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.
What is the minimum to open a CD?
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.
What are the rates on Capital One CDs right now?
Rates fluctuate, but today, Capital One is offering a rate of 3.25% APY for a 12-month CD, 3.40% for a 3-year, and 3.50% for a 5-year CD. Read on for more rates and terms.
Are Capital One and Capital One 360 the same?
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.
Are Capital One CDs safe?
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.
What is the minimum to open a CD?
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.
What are the rates on Capital One CDs right now?
Rates fluctuate, but today, Capital One is offering a rate of
3.25%
APY for a 12-month CD,
3.40%
for a 3-year, and
3.50%
for a 5-year CD. Read on for more rates and terms.
Are Capital One and Capital One 360 the same?
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.
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 getting hit by a penalty.
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, though there is a risk of losing out if rates continue to rise. It’s hard to know when CD rates go up, but CD rates are trending upwards thanks to multiple Fed rate increases this year. Here’s a quick look at historical CD rates, including this year’s. Or, if you want a sample of rates each month, 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.
A savings account is a place where you can store money securely while earning interest.
A savings account is a place where you can store money securely while earning interest.
2.50%SoFi members with direct deposit can earn up to 2.50% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults). Members without direct deposit will earn 1.20% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. Rates of 2.50% APY (with direct deposit) and 1.20% APY (without direct deposit) are current as of 09/30/2022. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
5.00%The Aspiration Save Account’s up to 5.00% Annual Percentage Yield (“APY”) with up to 71x the national interest rate is variable, subject to change, and only available to customers enrolled in Aspiration Plus after conditions are met. Customers not enrolled in Aspiration Plus receive 3.00% APY after conditions are met.
2.25%The annual percentage yield ("APY") on the deposit balances in Betterment Cash Reserve ("Cash Reserve") is 2.25% and represents the weighted average of the APY on deposit balances at the banks participating in Cash Reserve (the "Program Banks") and is current as of September 26, 2022. This APY is variable and subject to change daily. Deposit balances are not allocated equally among the participating Program Banks. A minimum deposit of $10 is required, but there is no minimum balance required to be maintained. The APY available to a customer may be lower if that customer designates a bank or banks as ineligible to receive deposits. APY applies only to Cash Reserve and does not apply to checking accounts held through Betterment Checking. Cash Reserve and Betterment Checking are separate offerings and are not linked accounts.
2.50%SoFi members with direct deposit can earn up to 2.50% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults). Members without direct deposit will earn 1.20% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. Rates of 2.50% APY (with direct deposit) and 1.20% APY (without direct deposit) are current as of 09/30/2022. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Capital One 360, or Capital One, is an online bank with bank accounts, credit cards and loans for personal and business customers. 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 and Twitter support.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
