Updated
Capital One CDs offer great rates without the burden of meeting deposit requirements. Because their APYs are respectable even for low deposit amounts, they're great choice for savers who are just starting out with CDs. Learn more about Capital One CD rates and how they stack up against the competition in this Capital One CD review.
Capital One CD review
Rates as of March 27, 2023
Capital One 360 CD
MINIMUM DEPOSIT $0
| 5 Yr. APY | 4.10% |
|---|---|
| 4 Yr. APY | 4.20% |
| 3 Yr. APY | 4.30% |
| 2 Yr. APY | 4.30% |
| 1.5 Yr. APY | 4.25% |
| 1 Yr. APY | 4.15% |
| 6 Mo. APY | 3.30% |
Capital One CDs are an excellent way to pursue savings goals. Below, we'll review the details you need to know to see if this is the right option for you.
360 CD® accounts
Pros
- No minimum deposit requirement
- Wide range of CD term lengths
Cons
- Below average APYs on some term lengths
Capital One 360 CD® accounts offer a diverse range of terms from six months to five years. 360 CD® accounts have no minimum deposit requirements. That makes them a great choice if you don't have a lot of funds to invest in a CD. Like most banks, Capital One doesn't charge monthly fees on CDs. Other banks offer higher rates, but Capital One is still a top option to consider.
RELATED: What is CD Laddering? See if this is the right strategy for your portfolio.
Other Capital One CD accounts
Capital One also offers the following CD accounts:
- 360 IRA CD®
Compare Capital One CD rates
Capital One CDs consistently rank among the best CDs but rarely offer the highest rates. Compare CD rates below to find the right CD account for your needs.
Rates as of March 27, 2023
| Offer |
|
|
|
|---|---|---|---|
| Account | Discover High Yield CD | Marcus by Goldman Sachs High Yield CD | CIT Bank CD |
| 5 Yr. | 4.10% | 3.80% | 0.50% |
| 4 Yr. | 4.10% | 4.00% | 0.50% |
| 3 Yr. | 4.30% | 4.00% | 0.40% |
| 2 Yr. | 4.30% | 4.35% | 0.40% |
| 1.5 Yr. | 4.75% | 4.75% | 4.60% |
| 1 Yr. | 4.50% | 4.40% | 0.30% |
| 6 Mo. | 3.40% | 3.75% | 4.15% |
| Min. Deposit | $2,500 | $500 | $1,000 |
| Early Withdrawal Penalty | Yes | Yes | Yes |
| Next Steps |
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FAQs
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Capital One CDs are great for those who want to maximize savings but can't meet deposit requirements at other banks.
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Capital One CDs offer competitive rates at many term lengths with no deposit requirements.
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Capital One CDs offer guaranteed returns no matter how much money you have to set aside long term. You can find higher CD rates at other online banks.
Our Banking Expert
Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers.
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