Capital One 360 Bank CD Account Overview and Comparison

Capital One 360 Bank CD accounts offer a range of terms, from 6 months to 5 years, with APYs that vary by term length.

The minimum deposit requirement for a Capital One 360 Bank CD is $1,000, and you can open an account online or by phone.

With a Capital One 360 Bank CD, you can earn a competitive APY, currently ranging from 2.05% APY for a 6-month term to 3.75% APY for a 5-year term.

Funding your CD is easy, and you can transfer money from another Capital One account or link an external account for easy deposits.

For another approach, see: One - Mobile Banking

Choosing a CD Account can be a daunting task, but let's break it down. First, you need to consider the level of commitment that's right for you. Enter your deposit amount and see how your interest grows based on your commitment.

The good news is that Capital One CDs have a very low minimum opening deposit of $0, which is a rare find in the CD world. You can choose from a range of CD terms, including 6 Months, 9 Months, 12 Months, and more, up to 60 Months.

To give you a better idea of what to expect, here are the CD terms and their corresponding Annual Percentage Yields (APY):CD TERMAnnual Percentage Yield (APY)6 MonthsNaN9 MonthsNaN12 MonthsNaN18 MonthsNaN24 MonthsNaN30 MonthsNaN36 MonthsNaN48 MonthsNaN60 MonthsNaN

Keep in mind that Annual Percentage Yields (APY) are variable and effective as of 1/3/2025, and early withdrawal penalties apply.

Related reading: What Is a Cd in Banking Terms

Choosing the right savings commitment level is crucial when it comes to CD accounts. You'll want to consider the various term lengths and their associated interest rates.

The table provided shows the different term lengths and their corresponding Annual Percentage Yields (APY). However, the APYs are currently variable and effective as of 1/3/2025.

The term lengths range from 6 months to 60 months, giving you plenty of options to choose from. You can earn interest on your deposit based on the term length you select.

Here are the different term lengths and their associated APYs:

Keep in mind that the APYs are subject to change and may not be the same when you open the account. Early withdrawal penalties also apply, so be sure to review the terms carefully.

Calculations are based on daily interest accrual and monthly compounding. The results are rounded to the nearest dollar, but actual earnings may vary.

Opening a CD account can be a solid financial decision if you prioritize banking with a national brand. Capital One is a good option in this case.

A decent range of terms is offered by Capital One, allowing you to build a CD ladder to protect against rate volatility. This can help you manage your money more effectively.

Having a CD ladder can give you more account flexibility since you'll have access to some of your funds at different maturity points.

CDs offer a range of terms, from as short as 6 months to as long as 60 months. This means you can choose a CD that fits your financial goals and time horizon.

Capital One offers a decent range of terms, with nine options available. You can build a CD ladder to protect against rate volatility by spreading your money across different terms.

The minimum deposit for Capital One CDs is $0, making it accessible to anyone. However, early withdrawal penalties apply, so be sure to consider your financial situation before opening an account.

Here are the CD terms and APYs offered by Capital One 360:

Keep in mind that APYs are variable and effective as of 1/3/2025, so be sure to check the current rates before opening an account.

Capital One 360 Bank CDs offer a decent range of terms, allowing you to build a CD ladder to protect against rate volatility.

You can prioritize banking with a national brand by choosing Capital One 360 Bank CDs.

Having access to some of your funds at different maturity points can give you more account flexibility.

Capital One 360 CDs offer high interest rates, guaranteed returns, and no market risk. This means you can earn a fixed rate of return on your deposit without worrying about market fluctuations.

The interest accrues daily and compounds monthly, giving you more interest over time. You can receive the earned interest on a monthly or yearly basis.

One of the benefits of Capital One 360 CDs is that they're FDIC-insured, which protects your deposit up to $250,000. This provides peace of mind and security for your savings.

Here's a breakdown of how much you can earn with different deposit amounts and term lengths:

Capital One 360 CDs offer some attractive rate pros that are worth considering. One of the main advantages is that they have high interest rates on a variety of terms.

With a national brand like Capital One, you can be confident in their stability and reputation. Their CDs also have a minimum opening deposit of $0, making it easy to get started.

The interest accrues daily and compounds monthly, which means you'll earn more over time. You can even receive the earned interest on a monthly or yearly basis, depending on your preference.

Here are some key rate pros to consider:

When it comes to Capital One 360 CD rates, one thing that stands out is that there's no minimum balance to open a CD account, which is a great advantage.

You can deposit as little as you want, and the maximum deposit is a respectable $1 Million.

The rates offered by Capital One 360 are certainly competitive, but if you're looking for a higher rate than a traditional savings account, you'll want to check out their CD rates.

Here are the key details to consider:

Capital One 360 bank CDs are known for offering high rates, but how do they compare to other banks? Capital One's rates compete with other high-performing banks, like Ally and Marcus by Goldman Sachs, depending on the term length.

One of the standout features of Capital One 360 CDs is that they beat out national averages by a large margin. The average rate on a 12-month CD is 1.83%, while a 360 CD with a 12-month term can get you 4.00% APY – that's nearly three times the average rate.

Capital One's rates are competitive, but not always the highest. For example, Bread Savings tops the market with APYs up to 4.10%, but requires at least $1,500 to open. Capital One, on the other hand, has no deposit requirement for all available terms.

Here's a comparison of Capital One's rates with other banks:

It's worth noting that Capital One's CDs come with early withdrawal penalties, ranging from 60 to 180 days of earned interest, depending on your CD's term. If you prefer no-penalty CD options, you may want to look elsewhere.

Managing your Capital One 360 Bank CD account is easy and convenient. You can access your account online or through the mobile app.

To open a new account, you'll need to fund it with a minimum deposit of $1,000. This can be done via transfer from another bank account or by mailing a check.

You can also use the mobile app to deposit a check remotely, which is a great feature if you're on the go.

Intriguing read: Check Deposit Capital One 360

Opening a CD account can be a great way to save money, but it's essential to understand the account setup process. You can open a CD with a minimum deposit, but be aware that you cannot make additional deposits until the account reaches its maturity date.

To set up a CD account, you'll need to choose a term length that suits your goals, whether it's short-term or long-term savings. Capital One offers various term lengths to accommodate different needs.

Here's an interesting read: Regulation Z - Truth in Lending Act

When setting up a CD account, keep in mind that you can't easily make withdrawals at any time. This is because CDs are designed for long-term savings, and frequent withdrawals can result in penalties.

Consider the flexibility you need when choosing a CD account. If you think you'll need constant access to your funds, a savings account might be a better option, allowing you to access your money six times each statement cycle.

Here are some key things to keep in mind when setting up a CD account:

Cashout and Rollover is a critical aspect of managing your accounts, and it's essential to understand the rules that govern cashing out or allowing a CD to renew.

Capital One, for instance, offers a 10-day grace period to decide whether to cash out or let the CD mature.

If you don't withdraw the funds by the time it reaches maturity, Capital One will automatically renew your CD for the same term length.

You're not guaranteed the same rate you had originally, so it's crucial to review your options carefully during the grace period.

This is a common practice among other banks and credit unions, so it's a good idea to familiarize yourself with their policies as well.

The automatic renewal can be a convenient option, but it's essential to understand the potential implications for your rate and terms.

When it comes to trusting a bank, reputation matters. Capital One 360 has a strong reputation for being a trustworthy bank, with over 65 million customers worldwide.

Their high-yield CDs are FDIC-insured, which means your deposits are insured up to $250,000. This provides an added layer of security for your savings.

Capital One 360 has a 4.5-star rating on the Better Business Bureau (BBB) website, indicating a high level of customer satisfaction. This is a testament to their commitment to excellent customer service.

Related reading: Capital One 360 Savings Fdic Insured

Their CDs have no fees, no minimum balance requirements, and no penalties for early withdrawal. This makes it easy to get started with savings.

Capital One 360 has a mobile banking app that allows you to manage your accounts on-the-go. This includes the ability to check your CD rates and terms.

Their customer service team is available 24/7 to answer any questions or concerns you may have. This provides peace of mind knowing help is always available.

Take a look at this: No Cash Advance Fee

You can open a Capital One 360 CD with a minimum deposit of $0, which is very low compared to other banks.

The term range for a Capital One 360 CD is 6-60 months, which is on the shorter side compared to most other banks.

Early withdrawal penalties are typical amongst competitors, but the article doesn't provide specific details.

A grace period of 10 days is typical among competitors, giving you some flexibility if you need to withdraw your money.

Here's a quick summary of the deposit and fee details:

Ally, the online banking platform, is a key feature of Capital One 360 Bank's CD offerings. Ally allows you to manage your accounts, transfer funds, and even deposit checks remotely.

One of the best things about Ally is that it's free to use, with no monthly maintenance fees or minimum balance requirements. You can access your accounts 24/7 from your computer or mobile device.

With Ally, you can also set up account alerts to stay on top of your finances, such as when a payment is due or when your balance is low. This can be a huge help in staying organized and avoiding late fees.

Capital One 360 Bank's CDs are available in a range of terms, from 6 months to 5 years, giving you flexibility in choosing the right option for your needs. You can even earn a higher interest rate if you're willing to keep your money locked in for a longer term.

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Capital One 360 Bank CD offers competitive rates, with APYs ranging from 3.50% to 4.00%.

The best part is that the rates are more competitive than the average CD rate, regardless of the term length you choose.

Capital One 360 has standard term lengths from 6 months to 5 years.

You can choose from a variety of terms to suit your needs, but keep in mind that online banks and credit unions may offer even higher rates.

Here's a breakdown of the current CD rates offered by Capital One 360: