Capital One CD Rates 2023: 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’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 | 3.90% APY. |
9-month CD | 3.90% APY. |
1-year CD | 4.75% APY. |
18-month CD | 4.75% APY. |
2-year CD | 4.30% APY. |
30-month CD | 4.30% APY. |
3-year CD | 4.30% APY. |
4-year CD | 4.20% APY. |
5-year CD | 4.10% 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. |
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 |
*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, 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 upward thanks to multiple Fed rate increases since March 2022. 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.

Member FDIC
Marcus by Goldman Sachs High-Yield 10-Month CD

5.05%
10 months

Member FDIC
CIT Bank CD

5.00%
6 months
More about Capital One
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 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.
How do CDs work?
Learn more about choosing CDs, understanding CD rates, and opening and closing CDs.
For choosing CDs:
For understanding CD rates:
For opening CDs:
For closing CDs:
See CD rates by term and type
Compare the best rates for various CD terms and types:
See CD rates by bank
Here’s a quick list of CD rates at traditional and online banks and a brokerage:
