Loading
Tap on the profile icon to edit
your financial details.

Capital One CD Rates

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Capital One 1-Year CD
2.20% APY

As part of its 360 suite, Capital One offers certificates of deposit (CDs) with a range of term lengths. Each term has a competitive interest rate, allowing you to maximize your savings no matter your savings goals. Your rates are locked in from the moment you open the account until the maturity date. 

You can only open and manage Capital One 360 CDs online. This is made easier with the bank’s extensive online and mobile app features. They allow you to easily check on your accounts and make transactions. You can open up to 50 CDs at once with Capital One and you can access them all online and on mobile.

If you're interested in investing in CDs, you may want to consult a financial advisor. These individuals will aid you in building a collection of products that can boost your long-term savings. SmartAsset’s free tool will match you with top financial advisors in your area in around five minutes. If you are ready to be matched with local advisors that can help you achieve your financial goals, get started now.

360 CD® Minimum Deposit APY
6 Month $0 0.60%
9 Month $0 0.80%
12 Month $0 2.20%
18 Month $0 1.90%
24 Month $0 1.80%
30 Month $0 1.70%
36 Month $0 1.65%
48 Month $0 1.65%
60 Month $0 1.60%

Overview of Capital One 360 CDs

Capital One 360 CDs do not charge any maintenance fee. You also don’t have to deposit a minimum amount in order to open an account. It’s important to remember that you cannot make any additional deposits into a CD. Once you open an account, you cannot touch it again until it reaches maturity. At that time, you can deposit more money, withdraw or transfer the funds or renew the account. 

You will face a penalty for making any early withdrawals from your CD. For accounts with terms lasting 12 months or less, you’ll have to pay three months’ interest as a penalty. For longer accounts, you’ll have to pay six months’ interest. This penalty varies from financial institution to institution. 

You can add beneficiaries to your Capital One CDs on your online account. 

How Much You Earn With Capital One 360 Certificate of Deposits Over Time 

As is the case with any account that earns interest, the larger your deposit, the more you’ll earn within a given time. Longer CD terms also tend to carry higher interest rates. So while you might go straight for the highest CD rates, you’ll likely have to wait years to access those funds. In that case, you may want to consider CD laddering. This simply means opening a number of CDs, each with a different maturity date. If you open four different CDs, that will allow you some extra income after, say, six months, 12 months, 30 months and 60 months. 

Interest accrues daily and compounds monthly on Capital One 360 CDs. You can receive the earned interest on a monthly or yearly basis. The table below shows what your final balances could be according to various deposits and term lengths.

Initial Deposit 6-Month CD 12-Month CD 60-Month CD
$1,000 $1,003 $1,023 $1,120
$2,500 $2,507 $2,558 $2,801
$5,000 $5,015 $5,115 $5,602
$10,000 $10,029 $10,230 $11,204


Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure

How Capital One 360 CDs Rates Compare to Other Banks 

Capital One offers some of the highest CD rates in the industry. As you can see in the accompanying table, its rates compete with other high-performing banks, like Ally and Marcus by Goldman Sachs. Whether Capital One has a higher rate than a competitor will depend on the term length. For example, Capital One offers a higher rate on its three-year terms, but the same or lower rates on other terms. Plus, Ally Bank offers rates according to balance tiers so you can often snag even higher rates with higher balances. 

CD Account Capital One Ally Bank Marcus by Goldman Sachs
1 Year 2.10% 2.00% 2.00%
3 Year 1.65% 2.05% 2.05%
5 Year 1.60% 2.25% 2.15%

Compare Capital One to Other Competitive Offers

Should You Get a Capital One 360 CD Account?

Opening a Capital One CD gives you the flexibility to save toward both short-term and long-term goals with its various term lengths. Whether you need a few extra dollars in six months or a hundred more in a few years, a CD can do that for you. 

By not requiring a minimum deposit, Capital One allows you to open a CD with whatever savings you have available. However, don’t forget that you cannot make any additional deposits until the account reaches its maturity date. 

Another important aspect of CDs is that you cannot easily make withdrawals at any time. If you think you’re likely to need constant withdrawals, you may want to consider a savings account instead. That way, you’ll be able to access your funds six times each statement cycle, instead of once every few months or years.

Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure