Capital One’s certificate of deposit rates are among the highest you can find, and there’s no minimum deposit required.
Capital One CD rates
|6-month CD||0.60% APY|
|9-month CD||0.80% APY|
|1-year CD||2.70% APY|
|18-month CD||2.70% APY|
|2-year CD||2.80% APY|
|30-month CD||2.80% APY|
|3-year CD||2.85% APY|
|4-year CD||2.90% APY|
|5-year CD||3.10% APY|
» Want more options? See the best CD rates
How Capital One CD rates compare
Capital One’s 360 CDs have solid rates, but some online banks offer even higher ones. Let’s compare:
» Learn more about accounts on our Capital One review
More details about Capital One CDs
|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||
*The penalty can include more than actual interest earned if the withdrawal occurs early enough.
|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?||Yes; compare the best IRA CD rates|
What to consider when opening CDs
- Interest rates are fixed. If you open a Capital One bank CD today, its annual percentage yield will stay the same until the CD expires. This benefits you if you lock in a CD before rates start dropping, but on the flip side, you’ll earn less on a CD if rates keep rising. It’s hard to know when CD rates will go up, since it depends on Fed rate hikes and other factors.
- 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 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.
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.