Business Insider's personal finance team compared Capital One 360 CD rates to the best CD rates and found them to be a standard offering.
While Capital One 360 fixed CD rates are excellent compared to brick-and-mortar banks, other online banks generally offer better rates. Capital One 360 is considered an online bank, but unlike most online banks, Capital One 360 has physical branches you can go to if you want to bank in person.
Capital One 360 is also fairly straightforward when it comes to its options — it has traditional CDs ranging from six months to five years. It doesn't have any specialty CDs, like no-penalty CDs or bump-rate CDs.
If you want online bank CD rates while still being able to bank in person, Capital One 360 CDs might be a good choice for you. But if you're just interested in the highest CD rates, or if you want specialty CDs, you might want to bank elsewhere.
Current Capital One CD Rates
Capital One 360 CD rates are 3.50% to 4.00% APY.
Capital One Bank CD rates are more competitive than the average CD rate, regardless of which term you want. That being said, the best CD rates from online banks and credit unions are even higher.
Capital One 360 also has standard term lengths from 6 months to 5 years. Other banks and credit unions offer extended term lengths if you're interested in shorter CDs, like 3-month CDs, or longer CDs, like 10-year CDs.
| CD Term | APY (Annual Percentage Yield) |
| Capital One 6 Month 360 CD | 3.80% |
| Capital One 9 Month 360 CD | 3.80% |
| Capital One 1 Year 360 CD | 4.00% |
| Capital One 18 Month 360 CD | 3.70% |
| Capital One 2 Year 360 CD | 3.50% |
| Capital One 30 Month 360 CD | 3.50% |
| Capital One 3 Year 360 CD | 3.50% |
| Capital One 4 Year 360 CD | 3.50% |
| Capital One 5 Year 360 CD | 3.50% |
Overview of Capital One CDs
Capital One CDs could be a good choice if you want strong interest rates well above the national average, but you don't want to give up an in-person banking experience. Capital One CDs are generally much higher than what you can find at other brick-and-mortar banks, although its rates are lower than what you can find at the best online banks or credit unions. The CDs also have a very low minimum opening deposit of $0, which is very rare for CDs.
If you're interested in specialty CDs, such as bump-up CDs, no-penalty CDs, or jumbo CDs, you'll probably prefer a different bank; Capital One only has standard fixed-rate CDs.
Capital One CD Rates Pros and Cons
Capital One CD Rate Pros
- National brand with high interest rates on a variety of terms
- $0 minimum opening deposits
- Low early withdrawal penalties
Capital One CD Rate Cons
- Doesn't offer specialty CDs (bump-up CDs or no-penalty CDs)
Capital One CD Alternatives
Capital One CDs vs. Ally CDs
Both online banks are among the few that let you open a CD with $0.
If you're strictly looking for which one offers the higher interest rate, Ally may be a better option if you're looking for short-term CDs. Ally's CD rates are 2.90% to 4.00% APY. Ally also has an 11-month Ally No Penalty CD and a 2-year or 4-year Raise Your Rate CD, so it's the better choice if you're looking for specialty CDs. The latter gives you the option to increase your rate should Ally's rates go up during your term — once during the two-year term, and twice during the 4-year term.
If you want traditional long-term CDs, Capital One 360 might be a better choice. Ally doesn't offer 2-year and 4-year traditional CDs, and Capital One 360 CD rates for long-term CDs are generally pretty similar to long-term Ally CD rates.
Capital One CDs vs. Marcus CDs
If you're just looking for the highest CD rates, Marcus CD rates are higher than Capital One 360 CD rates for some CD terms; Marcus CD rates are 3.75% to 4.30% APY. There is also a Marcus No-Penalty CD with 7-month, 11-month, and 13-month terms, as well as a 20-month rate-bump CD.
Keep in mind Marcus requires $500 to open a CD. If you don't have that much cash ready, Capital One is the clear choice. Capital One is also the clear choice if you want to bank in person; Marcus is an online-only bank.
How to Open a Capital One CD
You can open a Capital One 360 CD online if you're a U.S. citizen or permanent resident who is at least 18 years old. To apply for the account, you'll need to provide basic information like a social security number, a U.S. address, and your phone number. If you want to use an ITIN number to open a bank account, you can visit a Capital One location to open an account.
Once you've opened a CD, you'll need to link another Capital One account or an external bank account. Capital One is one of the few banks that have CDs with a $0 minimum deposit, so you can open a CD regardless of how much money you have. You can put up to $1 million in a Capital One CD; just keep in mind that only $250,000 of your money will be covered by FDIC insurance if you're the sole owner of the account. FDIC insurance protects you in case of a bank failure.
Capital One 360 CDs have a monthly compounding frequency, which is also how often interest is deposited. You can choose to have interest deposited into your CD, moved into a Capital One savings or checking account, or transferred into an external linked account. You have to make that decision in the first 20 days after you open your account, though; if you don't make a decision, your interest will go into your CD. Keep in mind that the APY stated above assumes that interest will stay in the CD.
Your CD will automatically renew into a CD with the same term length — but not necessarily the same interest rate — when it matures unless you tell Capital One that you don't want it to renew. If you haven't told Capital One not to renew your CD, you have a grace period of 10 days after your CD matures to withdraw your money without penalty. After that, you'll need to wait for the end of the new CD's term length to withdraw without penalty.
Should You Open a Capital One CD?
Capital One might be a good place to open CDs if you prioritize banking with a national brand. It also has a decent range of terms, so you could build a CD ladder to protect against rate volatility. You also may have more account flexibility since you'll have access to some of your funds at different maturity points.
If you're strictly looking for the highest CD rates available, however, there are other financial institutions with even higher rates right now.
Why You Should Trust Us: How We Reviewed Capital One 360 CDs
We rate bank accounts on a scale from one to five stars. For our CD review, we used our CD methodology, which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, security, and the ethics of the company.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
Capital One 360 CD Rates FAQs
What are the current Capital One CD rates?
Capital One 360 CD rates are currently 3.50% to 4.00% APY.
How can I open a Capital One CD account?
You can open Capital One CD online, a branch, or a Capital One Cafe.
Is there a minimum deposit requirement for Capital One CDs?
Capital One CDs have a $0 minimum opening deposit.
Can I withdraw my money before a Capital One CD matures without penalty?
No. Capital One has traditional CDs. If you take out money from a CD before it matures, there will be a penalty.
How do Capital One 360 CD rates compare to traditional banks?
Capital One 360 CD rates are higher than what you generally find at traditional brick-and-mortar banks. That being said, its rates are a little lower than what you can find at online banks and credit unions.
Does Capital One charge a fee on CDs?
Capital One does not charge any monthly service fees or minimum opening deposits on CDs. However, it does charge early withdrawal penalties.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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*Axos ONE Savings and Checking Bundle: The Annual Percentage Yield (APY) is accurate as of 04/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below. The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY. Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period: Option 1 1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total. 2. The average daily balance of your Axos ONE Checking account is at least $1,500. Option 2 1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total. 2. The average daily balance of your Axos ONE Checking account is at least $5,000. If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period: The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met. The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met. The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds. Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
**LendingClub LevelUp Savings Account: Earn 4.40% APY when you deposit at least $250 per month, earn 3.40% standard APY if minimum isn't met.
***CIT Bank Platinum Savings: Transfer a one-time deposit of $50,000+ for a Bonus of $300 or a one-time deposit of $25,000 -$49,999.99 for a Bonus of $225
****SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
*****Public High-Yield Bonds: All investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. This is not a recommendation or offer to buy/sell securities or engage in any investment strategy. Brokerage services for treasuries in a Treasury Account and US-listed securities, options, and bonds in a self-directed brokerage account are offered by Open to the Public Investing, member FINRA & SIPC. Public Advisors and Public Investing are affiliates. Self-directed Individual Retirement Accounts and Bond Accounts are offered by Public Investing. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6.9% yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 3/13/2025. A bond's yield is a function of its market price, which can fluctuate; therefore, a bond's YTW is not "locked in" until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The "locked in" YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See Public's fee schedule for more information. https://public.com/disclosures/fee-schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See Bond Account Disclosures to learn more. https://public.com/disclosures.
