Capital One offers several CDs with varying terms that can help you meet your savings goals. Some terms offer competitive rates, and none requires a minimum deposit to open.
Capital One earned 4.6 out of 5 stars in Bankrate’s review across its deposit products, while its CDs earned 3.9 out of 5 stars.
Capital One CD rates
Here’s an overview of Capital One’s CD rates.
|Account name||Term||APY||Minimum deposit|
|Capital One 360 CD||6 months||0.60%||None|
|Capital One 360 CD||9 months||0.65%||None|
|Capital One 360 CD||1 year||1.30%||None|
|Capital One 360 CD||18 months||1.30%||None|
|Capital One 360 CD||2 years||2.00%||None|
|Capital One 360 CD||30 months||2.00%||None|
|Capital One 360 CD||3 years||2.00%||None|
|Capital One 360 CD||4 years||2.00%||None|
|Capital One 360 CD||5 years||2.25%||None|
Note: Annual percentage yields (APYs) shown are as of May 19, 2022, and may vary by region for some products.
How Capital One’s CDs compare to top-yielding banks
In July 2021, Capital One significantly increased rates on its three-, four- and five-year CDs, making them more competitive but still falling short of the best APYs available, regardless of term. On a one-year CD, for example, Live Oak Bank and Bread Savings (formerly Comenity Direct) are among online banks that offer better rates than Capital One, though neither offers branch banking.
Compare CD rates, available term lengths and minimum deposit amounts (if any) at several banks when deciding where to park your savings. The goal is to find the highest possible return while ensuring the term fits your timeline.
Other savings options at Capital One
Capital One’s 360 Performance Savings is a federally insured account that offers a competitive APY.