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Capital One savings account rates

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Capital One is a full-service online bank that offers savings accounts for adults and kids. You can find higher yields elsewhere, but Capital One’s rates are higher than those offered by some other big banks and the accounts are easily accessible.

Capital One is known as a technology leader. A Capital One savings account takes about 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.

Capital One earned 4.6 out of 5 stars in Bankrate’s review across its deposit products, and its savings accounts earned a top score of 5 out of 5 stars.

Capital One savings account 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 2.00% No minimum
Kids Savings Account 0.30% No minimum

Note: Annual percentage yields (APYs) shown are as of Sept. 22, 2022, and may vary by region for some products.

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

The yield on Capital One’s 360 Performance Savings account is competitive, but it’s possible to find better rates elsewhere. Bread Savings (formerly Comenity Direct), for example, offers a higher APY and charges no monthly fees, though $100 is required to open an account.

Before settling on where to stash your savings, compare the best savings account rates. With a higher 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.

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

Written by
Libby Wells
Contributing writer
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications.
Edited by
Managing editor