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Capital One savings account rates

Updated June 7, 2024
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Capital One is a full-service online bank that offers high-yielding savings accounts for adults and kids. Although you can find slightly higher yields elsewhere, Capital One’s interest rates are much higher than those offered by most other big banks and the accounts are easily accessible.

Capital One is known as a technology leader. A Capital One savings account should only take around five minutes to open online, and you can access your money 24/7 through online banking or the mobile banking app. Additionally, there is no minimum deposit required and no monthly fee along with the high yield offered.

Capital One earned 4.7 out of 5 stars in Bankrate’s review across its deposit products, and its savings accounts earned a score of 4.4 out of 5 stars. Capital One was also named the Best Big Bank as part of the 2024 Bankrate Awards.

Capital One savings account interest rates

Capital One offers a standard savings account for adults, known as the 360 Performance Savings, as well as an account designed for minors:

Account name APY Minimum deposit
360 Performance Savings 4.25% No minimum
Kids Savings Account 2.50% No minimum

Note: Annual percentage yields (APYs) shown are as of June 7, 2024 and may vary by region for some products.

How Capital One’s savings account compares to top-yielding banks

While the yield on Capital One’s 360 Performance Savings account is highly competitive, it’s possible to find higher rates elsewhere. EverBank, for example, offers a higher APY and charges no monthly fees with no minimum amount required to open its EverBank Performance Savings account.

Before settling on where to stash your savings, compare the best savings account rates. With a higher interest rate, you can set yourself up to achieve your financial goals a bit faster.

Other savings options at Capital One

In addition to the 360 Performance Savings, Capital One offers a Kids Savings Account geared toward children, to help get them into the habit of saving. The Kids Savings Account has no minimum balance requirement and is fee-free, although its yield is much lower than the 360 Performance Savings Account.

For those savers looking for other options, Capital One CDs offer terms from six months to five years, each with no minimum balance requirement.

Matthew Goldberg Arrow Right Senior Consumer Banking Reporter
Matthew Goldberg is a consumer banking reporter at Bankrate where he uses his more than 13 years of financial services experience to help inform readers about their important personal finance decisions.