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
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.
Pros
  • Chase offers more than 4,700 branches and 16,000 ATMs
  • Chase’s mobile app is consistently high-rated.
  • New customers can often get bonuses.
  • Capital One offers no-fee access to more than 70,000 ATMs.
  • You’ll earn competitive rates on savings and CD accounts.
  • Checking and savings accounts feature no minimum balance requirements.
  • The mobile app is highly rated by iPhone and Android users.
Cons
  • APYs are generally very low.
  • Basic accounts don’t reimburse out-of-network ATM fees.
  • Bank branches are limited to just a handful of states.
  • Capital One no longer offers money market accounts for new customers.

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
Bankrate score 2.5 4.4
APY 0.01% 3.90%
Monthly fees $5 None
Minimum deposit to open $0 None
Features
  • Make automatic transfers from select Chase checking accounts.
  • Earn premier rates by linking an eligible checking account and make at least five transactions monthly.
  • There are various ways to waive the monthly fee.
  • There’s overdraft protection.
  • No outgoing domestic wire fee when this account is linked to a Chase Private Client Checking account.
  • You can create multiple accounts for each financial goal.
  • Mobile check deposit is available.
  • Make automatic transfers into your savings account from other accounts.
  • The Capital One mobile app is highly rated
What to watch for
  • Services not available with this account: Zelle, Online Bill Pay, check writing or a debit card. ATM cards are available upon request.
  • Overdraft protection is available, but you may not overdraw the savings account itself.
  • Withdrawals are limited to six per month.

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
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
Bankrate score 3.8 4.9
Monthly fees $12 None
Minimum deposit to open $0 None
APY None 0.10%
Overdraft fee $34 None
Features
  • Chase’s mobile app allows you to manage your account, pay bills, deposit checks, transfer money and send and receive money via Zelle
  • There are three ways to waive the monthly fee.
  • There’s overdraft protection.
  • Chase features Zero Liability Protection, which will reimburse you for unauthorized debit card transactions.
  • Capital One has three overdraft options, but whichever you go with, you won’t pay a fee.
  • Capital One offers early direct deposit, up to two days sooner than payday.
  • Capital One’s top-rated app has all the bells and whistles of digital banking, including access to Zelle and Bill Pay.
  • You can add cash to your account at any CVS.
  • You can get help in person at a Capital One branch or cafe.
  • There’s no fee for using an out-of-network ATM.
What to watch for
  • Overdrawn transactions not covered by Chase Overdraft Assist come with a hefty $34 fee per transaction.
  • There’s a $3 fee for using out-of-network ATMs and a $5 fee per withdrawal at ATMs outside of the U.S., Puerto Rico and the U.S. Virgin Islands.
  • There’s a $7 fee per 50-quantity checkbook
  • Domestic outgoing wire transfers cost up to $30.

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
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.