Capital One vs. Chase

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Measured by total assets, Chase and Capital One are among the largest banks in the U.S., with Chase taking the number one spot and Capital One taking number nine. Both banks offer a wide range of deposit products, including certificates of deposit as well as checking and savings accounts. Neither offers a money market account.
Chase has more physical locations to boast of, but Capital One makes up for its lack of branches with top-notch deposit accounts that offer high yields without the monthly fees. Here’s a breakdown of Chase and Capital One, compared by account type.
Chase vs. Capital One: Overview
Chase | Capital One | |
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Overall Bankrate score | 3.4 | 4.6 |
Overview | Those who want quick and easy access to branches will appreciate that Chase has a banking presence in nearly every state. You can also use Chase’s app and website to easily send anyone money, pay bills, create a budget and more. But if you’re looking for the highest savings rates, better options are available. | Consumers looking to earn competitive rates and pay no monthly fees will appreciate the full-service bank experience Capital One offers. It offers access to a vast no-fee ATM network as well as branch locations in select states. |
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Chase vs. Capital One: Comparing savings accounts
Capital One offers just one savings account. Chase offers two main savings accounts: Chase Savings and Chase Premier Savings.
Cutting straight to the bottom line: Capital One offers a much better savings account over Chase. With no monthly fees and a high APY, Capital One’s 360 Performance Savings blows Chase Savings out of the water. And no matter how much money you deposit into the account, you’ll earn the same top yield with Capital One.
Chase Savings | Capital One 360 Performance Savings | |
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Bankrate score | 2.5 | 4.4 |
APY | 0.01% | 3.90% |
Monthly fees | $5 | None |
Minimum deposit to open | $0 | None |
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Note: Annual percentage yields (APYs) shown are as of May 25, 2023, and may vary by region for some products.
Chase vs. Capital One: Comparing certificates of deposit
Both Chase and Capital One offer a wide array of CDs with various terms and yields. Chase generally offers a larger range of terms, but Capital One doesn’t require a minimum deposit, making its CDs much more accessible. Moreover, while Chase requires a hefty deposit amount to earn top yields, Capital One offers top rates regardless of how much money you deposit into the CD.
Chase CDs | Capital One 360 CDs | |
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Bankrate score | 2.8 | 4.5 |
Term lengths | One month to 10 years | Six months to five years |
Minimum deposit to open | $1,000 | None |
APY for one year | 3.00% – 3.75%* | 4.75% |
APY for three years | 2.00% | 4.30% |
APY for five years | 1.50% | 4.10% |
IRA CDs | Available for all CD terms | None available |
Specialty CDs | None available | None available |
Featured CDs | Available: 2.00% – 4.00% APY* | None available |
*To earn the highest APY, you must have a linked eligible Chase checking account and $100,000 in deposits.
Note: Annual percentage yields (APYs) shown are as of May 25, 2023, and may vary by region for some products.
Chase vs. Capital One: Comparing checking accounts
Chase offers a large range of checking accounts that will appeal to a wide range of consumers, and the best one for you will depend on your individual needs. In contrast, Capital One offers just one checking account. For this comparison, we’ve reviewed Chase Total Checking and Capital One 360 Checking.
In general, many consumers will find Capital One’s account more favorable, as it comes without fees and even earns a decent yield for a checking account.
Chase Total Checking | Capital One 360 Checking | |
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Bankrate score | 3.8 | 4.9 |
Monthly fees | $12 | None |
Minimum deposit to open | $0 | None |
APY | None | 0.10% |
Overdraft fee | $34 | None |
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Chase vs. Capital One: Banking experience
Being the largest bank in the country, Chase branches can be found in nearly every state in the U.S. In contrast, Capital One has a much more limited geographic footprint, being available in only nine states. As such, you’ll find Chase to be more easily accessible. But it is worth noting that Capital One makes up for its lack of branch presence with a large ATM network. Moreover, both banks have highly rated mobile apps that help you track and manage your money.
Chase | Capital One | |
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Branches | Approximately 4,700 | Approximately 300 |
Customer service | Available by phone, mail and in person. Customer service hours over the phone are not prominently listed on Chase’s website. | Available by phone, e-mail and mail. Phone customer service hours are every day from 8 a.m. to 11 p.m. ET. |
ATM network | Approximately 16,000 ATMs | Approximately 70,000 ATMs |
Mobile app rating | iOS: 4.8 Android: 4.4 |
iOS: 4.9 Android: 4.6 |
Philanthropy | JPMorgan Chase Foundation | Capital One Foundation. Also part of the Change Capital Fund. |
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