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Capital One 360 Performance Savings Review: Great for Convenience and a Personal Touch

Review Updated
James McClenathen
Author: James McClenathen
James McClenathen
James McClenathen

James is the Managing Editor for Motley Fool Money, overseeing the production and quality of our editorial content. James has worked full-time for The Motley Fool since 2012. He's a personal finance wonk, longtime editor, former reporter, and University of Michigan alum.

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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

Capital One's high-yield savings account offers the best of both worlds: a competitive APY you'd expect from an online bank, plus the rare perk of in-person support available at physical branches. It's no wonder this account snagged the title of Best Account for Branch Access on our list of 2025's top high-yield savings accounts. If you love the idea of a big-name bank with a personal touch, this one's worth a closer look.

Capital One 360 Performance Savings
Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

Member FDIC.

Ratings Methodology
Rates as of May 16, 2025
Award Icon 2025 Award Winner

Capital One 360 Performance Savings

Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

Member FDIC.
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

APY
3.60% Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. To Earn APY
$0
  • Competitive APY
  • Branch access
  • No account fees
  • Comfort of a well-known brand and reputation
  • 24/7 customer support
  • No ATM access

Capital One 360 Performance Savings checks all the boxes we look for in a high-yield savings account. It even offers branch locations and Capital One Cafes where customers can seek in-person support (if you live near one). This makes it a great fit when you want to reap the rewards of online banking but aren't quite ready to cut ties with brick-and-mortar banks.

Our ratings are determined by an editorially independent Ratings team. Here's more information about how we scored this product:

APY (50%)
Rating image, 4.00 out of 5 stars.
4.00/5
Brand & Reputation (20%)
Brand (20%)
Rating image, 5.00 out of 5 stars.
5.00/5
Account Features (15%)
Features (15%)
Rating image, 4.00 out of 5 stars.
4.00/5
Fees (15%)
Rating image, 5.00 out of 5 stars.
5.00/5

At Motley Fool Money, we rate savings accounts on a five-star scale (1 = poor, 5 = best). We evaluate all savings accounts across four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum requirements, and perks that really make a difference -- think ATM access, linked checking accounts, or even branch access.

Our scores are weighted as:

  • APY: 50%
  • Brand and reputation: 20%
  • Fees and minimums: 15%
  • Other perks: 15%

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

At Motley Fool Money, we rate savings accounts on a five-star scale (1 = poor, 5 = best). We evaluate all savings accounts across four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum requirements, and perks that really make a difference -- think ATM access, linked checking accounts, or even branch access.

Our scores are weighted as:

  • APY: 50%
  • Brand and reputation: 20%
  • Fees and minimums: 15%
  • Other perks: 15%

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

What I like about the Capital One 360 Performance Savings account

No account fees or minimums

The Capital One 360 Performance Savings account keeps things simple: no fees, no minimums, no problem. Your money starts growing from day one, even if you start with just $1.

The Capital One 360 Performance Savings and Checking combo

On its own, the Capital One 360 Checking account is solid, but add it to the Capital One 360 Performance Savings account and it becomes a powerhouse.

Why? Free unlimited transfers. You can park most of your money in the savings account earning 3.60% APY and move funds into your checking account whenever needed. This flexibility means you're maximizing the growth of your savings while still having quick access to cash for everyday spending.

Easy-to-use mobile app

Capital One's mobile app is a fan favorite -- and for good reason. Along with essentials like mobile check deposits and seamless transfers, it gives you a full view of your Capital One accounts, including credit cards.

A standout feature? You can open multiple Performance Savings accounts for different goals -- like saving for a vacation, a new car, or an emergency fund -- and manage them all in one spot. It's goal-oriented banking made easy.

Physical branch locations

If face-to-face service matters to you, Capital One's branch locations, including its unique Capital One Cafes, add a nice touch. While they're mostly concentrated in the Northeast, it's worth checking if there's one near you before opening an account. Having that personal connection can make all the difference.

We want to know what you think about Capital One 360 Performance Savings

Do you have first-hand knowledge of Capital One 360 Performance Savings? Share your thoughts with us and your fellow Motley Fool Money readers.

Capital One 360 Performance Savings
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Capital One 360 Performance Savings
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Capital One 360 Performance Savings

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I authorize Motley Fool Money to use my name and comments on their site without compensation or final approval from me, and I will not hold them liable for any errors or distortions. I acknowledge that Motley Fool Money may choose not to use my comments, or make edits, and I have not been promised any compensation for this testimonial. I confirm that granting this license does not conflict with any of my existing commitments.

Recent reviews
Capital One 360 Performance Savings
4.0
Rating image, 4.0 out of 5 stars.
4.0/5
• 4 reviews
Featured Reviews
Rating image, 4.0 out of 5 stars.
4.0/5
Olivia, a Motley Fool employee
Feb. 21, 2025
I love that Capital One 360 Performance Savings allows me to keep separate savings 'buckets' for my various savings goals and sinking funds in one place, making it easy to transfer from my checking account and providing a comprehensive view of my accounts. On top of that, they provide a higher interest rate than standard bank savings accounts, which is always a nice deposit at the end of the month rather than the few cents I'm used to getting. I feel that my money is working for me while making budgeting easy and user-friendly.
Rating image, 5.0 out of 5 stars.
5.0/5
Kyle, a Motley Fool employee
Feb. 6, 2025
I've had a Capital One 360 Performance Savings account for over five years now and it's been a great decision. They offer a competitive APY, don't tack on any fees, and have a user-friendly app that makes moving around your money easy. This is a great place to house your emergency fund or savings for upcoming projects.
Rating image, 4.0 out of 5 stars.
4.0/5
J.W.
Jan. 11, 2025
I've been a capital one customer for 5+ years. The checking, savings, and 10-month cd have reliable customer service and competitive rates. I would not recommend them for credit cards (high rates), but I am happy with the savings account, and it has an excellent mobile app.
Rating image, 3.0 out of 5 stars.
3.0/5
Al M
Dec. 10, 2024
I’ve been with Capital One for many years. I’ve seen their rates go up and down. It used to take 3 days for a transfer to complete and now it’s taking 7 to 8 days.
Consumer reviews posted on The Motley Fool Money are the independent opinions of the reviewers, and not The Motley Fool Money. We do not endorse any of the opinions expressed, and do not guarantee or verify the accuracy of the opinions shared by individual reviewers. Some reviews may be edited for length or clarity.

Downsides you should consider

No ATM cards or reimbursements

The Capital One 360 Performance Savings account doesn't include an ATM card or check-writing privileges, making it harder to access your funds immediately unless you're near a branch location.

However, like I mentioned above, pairing this account with a Capital One 360 Checking account solves the issue. You can instantly transfer funds to your checking account and use your debit card to withdraw cash from an ATM.

While the account doesn't reimburse out-of-network ATM fees, Capital One provides access to a large network of fee-free ATMs, which can help you avoid those charges altogether.

Not always the highest APY

While this account's APY is competitive (in fact, it's more than nine times the national average!), it's not the highest rate on the market. There are similar accounts with no account minimums or monthly fees but that offer higher APYs, like the Barclays Tiered Savings account (currently offering 4.00% APY).

But with those options, you may lose out on perks like Capital One's branch access and top-tier mobile app. It's all about weighing what's most important to you.

We tried it: Our team's firsthand experience

Here at Motley Fool Money, we pride ourselves as real users of most of the products across our site. One of the members of our Product Coverage Team, Matt Koppenheffer, uses the Capital One 360 Performance Savings account himself.

Here's Matt's review:
Image of reviewer

My family and I have enjoyed the convenience of banking with Capital One overall. The accounts are easy to use, the interface is simple, money moves quickly, and while savings rates aren't top of the market, they're much higher than mainline banks.

Customer service

One major perk of banking with a well-known brand like Capital One is the emphasis on customer service. The bank knows people expect round-the-clock support, and it delivers with 24/7 assistance via live chat and live phone support seven days a week -- well beyond typical banking hours.

That said, it's worth noting that Capital One often outsources its customer service. While you'll usually get the help you need, there are occasional reports of mixed experiences, with some customers finding the support less helpful than expected. It's something to keep in mind if top-tier service is a priority for you.

Accessing your money

The simplest way to access your funds is by linking your Capital One 360 Performance Savings account to a Capital One 360 Checking account. This allows for instant transfers between the two. If you need to transfer to an external checking account, you can do that as well, but keep in mind it may take a few business days for the transfer to process.

KEEP READING: How to Open a Capital One Bank Account

Security and reliability

One of the biggest perks of banking with a name you already know and trust? Peace of mind. Capital One delivers on that trust with a long-standing reputation for reliability.

Since Capital One is an FDIC-insured bank, your account is protected for up to $250,000, so your money is safe. On top of that, the availability of 24/7 customer service means help is always just a click away -- whether you have a question or need assistance during an emergency.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account APY Promotion Next Steps
up to 3.80%
Rate info Circle with letter I in it. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
3.60%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A
4.00%
Rate info Circle with letter I in it. Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.

Disclaimers


Who will benefit from the Capital One 360 Performance Savings account?

This account is a great fit for a wide range of people, but it's particularly ideal for:

  • In-person service seekers: Access to Capital One Cafes and branches for personalized support.
  • Mobile banking enthusiasts: A top-rated app for managing accounts, transfers, and savings goals on the go.
  • People who value brand trust: Backed by a strong reputation and FDIC insurance for peace of mind.
  • All-in-one bankers: Seamless integration with checking, CDs, and credit cards for a full-service banking experience.

Ready to start growing your savings with one of the best in the business? Open a Capital One 360 Performance Savings account today and take advantage of its competitive APY, top-tier mobile app, and unique perks.

FAQs

  • Yes, the Capital One 360 Performance Savings account is FDIC insured up to $250,000, ensuring your deposits are protected.

  • No, the Capital One 360 Performance Savings account doesn't offer check-writing privileges. However, you can easily transfer money to a Capital One 360 Checking account for check-writing or ATM access.