The Capital One 360 Performance Savings Account interest rate is 1.00% for all balances. That’s much better than the national average of 0.06%. But the annual percentage yields, or APYs, of online savings accounts at other banks are sometimes higher.
» Skip ahead to see how Capital One compares with two other banks.
Capital One 360 savings interest rate, fees
|Interest rate on balances||1.00%.|
|How it compares||The average national rate for savings accounts is 0.06% APY.|
|Minimum opening deposit||$0.|
» Check out high-interest rate options with NerdWallet’s best high-yield online savings accounts.
How Capital One 360 compares to online banks
Capital One 360 offers online accounts with the low fees and above average rates that are often found at online banks. There are no monthly fees or minimum balance requirements, but while Capital One 360 is competitive, higher rates can 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.
Find out how much interest you could be earning with the calculator below. The higher the rate, the faster your money can grow.
» Find this month’s highest APYs in NerdWallet’s best savings rates.