Capital One CD Rates: How They Compare
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Most of Capital One’s certificate of deposit rates are high for its terms from six months to five years. Current yields are competitive among other online banks, and there’s no minimum deposit required.
Capital One CD rates
6-month CD | 1.50% APY |
9-month CD | 1.50% APY |
1-year CD | 2.40% APY |
18-month CD | 2.40% APY |
2-year CD | 2.80% APY |
30-month CD | 2.80% APY |
3-year CD | 2.90% APY |
4-year CD | 3.00% APY |
5-year CD | 3.25% APY |
» Want more options? See the best CD rates
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. |
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, though there is a risk of losing out if rates continue to rise. It’s hard to know when CD rates go up, but 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.
Member FDIC
Discover Bank CD
2.30%
1 year
Member FDIC
Barclays Online CD
2.30%
1 year
Member FDIC
Discover Bank CD
3.20%
5 years
More about Capital One
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.
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.
Solid rates and terms
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.
