The Capital One 360 Performance Savings account has an annual percentage yield of 3.00% with no minimum balance. It has an interest rate that is much better than the national average of 0.38%. But there are a few online savings accounts at other banks with higher savings rates.
Capital One 360 savings rate, fees
| APY | 3.00%. |
| How it compares | The average national rate for savings accounts is 0.38%. |
| Monthly fees | $0. |
| Minimum opening deposit | $0. |
» Check out high-interest rate options with NerdWallet’s best high-yield online savings accounts.
Did you know...
Interest rate is the amount of interest paid on a bank account balance, expressed as a percentage. Interest is often paid daily or monthly. Annual percentage yield, or APY, is a percentage that reflects the total amount of interest you earn over one year. Tip: Be sure to check your bank account’s savings rate regularly. If you aren’t earning a top rate, check with your bank to see if you can switch to a better option, or consider moving your money to a different institution.
How Capital One 360 compares to online banks
Capital One 360 offers online accounts with no monthly fees and above-average rates that are often found with online savings accounts. There are also no minimum balance requirements. But while Capital One 360 is competitive, higher rates can sometimes be found elsewhere. (For more on this bank, check out NerdWallet’s full Capital One 360 review.)
» Looking for other ways to save? Read about Capital One 360’s CD rates.
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