Capital One Savings Account Interest Rates: June 2025

Although there are banks and credit unions that advertise 澳洲幸运5官方开奖结果体彩网:higher yields on savings accounts, Capital One’s savings accounts stand out because the bank doesn’t charge monthly maintenance or account fees. Nor does Capital One require consumers to maintain a minimum balance, so it’s a usefulౠ option for new savers. And Capital One’s savings account interest rates are still better than the national average.

Capital One is one of the 10 largest banks in the U.S., and it offers a variety of banking products, including checking and savings accounts.

Capital One Savings Accounts Rates
Account	Balance for Highest APY	APY	Monthly Fee
360 Performance Savings	No minimum requirement	3.60%	None
Kids Savings Account	No minimum requirement	2.50%	None

Compare Capital One Savings Account Rates

Capital One savings account rates may not be the highest you can find if you shop around, but the bank does not charge maintenance fees. Nor does it require a minimum balance. Compare Capital One's rates with other banks' rates on savings accounts, and keep in mind other factors like fees as you determine which may be best for you.

Capital One Savings Accounts: Key Features

Capital One 360 Performance Savings Key Features
APY Range	3.60%
Minimum Balance to Earn Highest APY	No minimum requirement
Minimum Deposit	$0
Withdrawal Limit	6 per statement cycle (currently not enforced)
Monthly Service Fee	$0

For those looking for a simple 澳洲幸运5官方开奖结果体彩网:savings account with a higher-than-average APY, the Capital One 360 Performance Savings account could be an excellent choice. It doesn’t have a monthly maintenance fee, nor doe♎s it have a minimum balance requirement.

Interest is compounded and credited to t𒁃he account monthly.

The account offers basic convenience fea🐎tures common among major banks, including:

Mobile check deposits
Electronic transfers to other accounts
Automatic transfers into savings

One standout feature that Capital One offers is the ability to create multiple savings accounts. You can use separate accounts to save for specific goals, such as designating one for your emergency fund, one for future travel expenses, and one to save for a down payment for a house. Because there is no fee to open and maintain accounts, this feature can be a convenient way to track your progress toward several goals.

Tip

Like many banks, Capital One permits no more than 澳洲幸运5官方开奖结果🌳体彩网:six transfer🐬s from a savings account to a third party or another Capital One account per statement cycle. However, Capital One stated that it’s currently not enforcing the transfer limit on any of its savings accounts. If that changes, the bank will notify customers.

Capital One Kids Savings Account Key Features
APY Range	2.50%
Minimum Balance to Earn Highest APY	No minimum requirement
Minimum Deposit	$0
Withdrawal Limit	6 per statement cycle (currently not enforced)
Monthly Service Fee	$0

The Capital One Kids Savings Account is a parent-control🅺led savings option for young children. It has no minimum balance requirement or monthly fees, making it a useful starter account for kids.

Children under the age of 18 are eligible for the Kids Savings Acc𓄧ount. There is no minimum age🔥 requirement, so you can open an account for a new baby and start saving on their behalf.

澳洲幸运5官方开奖结果体彩网: The acc✤ount has several benefits:

Electronic transfers: Parents can connect their bank accounts to the savings account to electronically pay their children’s allowances or make regular contributions.
Multiple accounts: Like the 360 Performance Savings account, the Kids Savings Account allows users to create multiple accounts to save for several goals. For example, your child can have an account to save for college and another to save for a new tablet.
Parental controls: Children can check their balance online at any time, but they’ll need to have their parents or guardians help them transfer money. Transfers can only be completed after the parent or guardian signs in with their information.

However, the APY on the account is relatively low. You can find other savings accounts for children that have significantly high🍌er💞 APYs from other banks or credit unions, but they may require a higher minimum deposit.

About Capital One: Other Savings Options

澳洲幸运5官方开奖结果体彩网:Capital One was founded in 1994, and it offers a variety of banking and credit products, including bank accounts, credit cards, and loans. It’s known for its fee-free account options, e𓂃specially for checking and savings accounts.

Capital One is primarily a digital bank, though it does operate some banking cafes and branches in select states. Those lᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚooking for a bank with convenient brick-and-mo🦂rtar locations may find that Capital One isn’t a good match for them, but Capital One does have a network of partner ATMs where you can make withdrawals.

Besides its savings accounts, Capital O🥂ne also offers cert🎉ificates of deposit (CDs). Its CD terms are quite flexible, and CDs have higher-than-average APYs with no account minimums.

Warning

Although CDs, especially from 澳洲幸运5官方开奖结果体彩网:banks with the best CD rates, often have higher APYs than savings accounts, be aware that there are penalties for withdrawing money from a CD before it reaches its maturity date. With Capital One, the penalty is three to six months of interest.

In the News

In the News: The Fed held rates steady for a third consecutive time at its May 🎃7 meeting. Three rate cuts from September through December last year lowered the 澳洲幸运5官方开奖结果体彩网:federal funds rate by a full percentage point to a range of 4.25%–4.50%, its lowest range since February 2023. Savings account rates closely follow the fed funds rate, which means interest rates are expected to come down if the Fed lowers rates.

Interest rate adjustments can directly impact the rate you receive on your interest checking and savings accounts. It's wise to see if your bank offers a 澳洲幸运5官方开奖结果体彩网:high-yield savings account. You could also see if it offers one of the 澳洲幸运5官方开奖结果体彩网:best CD rates right now. Combined, these accounts could help you earn the maximum amount of money on the cash you keep at your financial institution.

Pros and Cons of Capital One Savings Accounts

Pros

Capital One 360 interest rateღs are competitive across all balances
No monthly fees or minimum deposit
No limit on monthly withdrawals

Cons

Low APY on Kids Savings account
Few physical branch locations
Easy access to savings can be tempting

Pros Explained

Capital One 360 interest rates are competitive across all balances: The Capital One 360 Performance Savings account interest rate is typically much higher than the national average, with no minimum balance required. Interest is compounded and credited to your account each month. But Capital One’s rates usually aren’t as good as the 澳洲幸运5官方开奖结果体彩网:best high-yield savings accounts available.
No monthly fees or minimum deposit: The 360 Performance Savings account doesn’t charge monthly fees or require a minimum deposit to open.
No limit on monthly withdrawals: While Capital One previously limited savings account withdrawals to six per month, it’s not currently enforcing this restriction. The bank will notify you if it chooses to re-impose this rule.

Cons Explained

Low APY on Kids Savings account: Capital One offers a Kids Savings account for those who are under the age of 18. While this account doesn’t charge monthly service fees, it typically has a relatively low APY. See the 澳洲幸运5官方开奖结果体彩网:best savings accounts for kids for some more profitable options.
Few physical branch locations: Capital One only has a few physical locations, so most customers will be limited to online and phone banking.
Easy access to savings can be tempting: You may see no monthly withdrawal limits as a good thing, but having such easy access to your savings can tempt you to spend that money. A bank with withdrawal limits may make it easier to 澳洲幸运5官方开奖结果体彩网:stick to your savings goals.

Alternatives to Capital One Savings Accounts

High-Yield Savings Account

While Capital One offers a relatively high yield on its Performance 360 Savings account compared to many other banks, you can likely still find better rates elsewhere. Check out the 澳洲幸运5官方开奖结果体彩网:best high-yield savings accounts fro𒉰m a vari🧸ety of banks and credit unions to find the right account.

Checking Account

A savings account is a good spot to park your extra money, but a checking account is better for regular spending and paying your bills. These accounts come with a debit card so you can spend at stores and take out cash at the ATM, and some even offer some interest. See the 澳洲幸运5官方开奖结果体彩网:best high-i🍬nterest checking🍸 accounts to find a 💛good companion to your savᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚings account.

Money Market Account

A 澳洲幸运5官方开奖结果体彩网:money market account (MMA)🐲 offers a hybrid of a checking and savings account. It may come with a higher-than-average APY, as well as check-writing abilities and an ATM card. Watch out for higher fees or minimum balance requirements, though.

Certificate of Deposit

If you don’t need to access your cash for a while, you could invest it in a CD. Certificates of deposit offer a guaranteed return on your investment, but you’ll pay a penalty if you withdraw your cash before the CD matures. Browse the 澳洲幸运5官方开奖结果体彩网:best CD rates available today to see if one might be right for your sa💝vin🔥gs strategy.

I Bonds

To protect your savings against inflation, you could consider investing in I bonds from the U.S. government. 澳洲幸运5官方开奖结果体彩网:I bonds may🅘 have ꦡbetter rates than CDs, but you can’t withdraw💞 your cash until a year has passed.

Tip

Keep in mind that Capital One savings accounts don’t come with a debit or ATM card. You’ll need to open a checking account, perhaps a 澳洲幸运5官方开奖结果体彩网:high-yield checking account, i🍌f you want the option of spending from the account or withdrawing cash at an ATM.

Is Capital One 360 a High-Yield Savings Account?

Capital One’s 360 Performance Savings account is a high-yield savings account, offering a much higher-than-average APY 🥂with no minimum deposit and no monthly fees.

Is Capital One Good for Savings?

Unlike other banks that charge monthly fees and require minimum deposits of $500 or more, Capital One’s savings accounts have no minimum deposit or monthly fees. Capital One is a good choice for those looking for a basic savings account to 澳洲幸运5官方开奖结果体彩网:save for their goals.

How Often Does Capital One 360 Pay Interest?

With the Capital One 360 Performance Savings account, 澳洲幸运5官方开奖结果体彩网:interest is compounded and credited to the account on a monthly basis.

Does Capital One Offer Other Savings Accounts?

Capital One has two savings accounts, the 360 Performance Savings Account and the Kids Savings Account. But 澳洲幸运5官方开奖结果体彩网:Capital One also offers CDs for those who want to lock in a higher APY.

Can You Open Just a Capital One Savings Account?

Yes, you can open just a Capital One 360 Performance Savings account. To open your account you’ll need to provide some personal information, such as your contact information, driver’s license number, Social Security number, and date of birth.

How Do You Get Money Out of a Capital One Savings Account?

You can withdraw ꦚmoney from a Capital One savings account by transferring cash to another account, such as your checking account at Capital One or another bank. You can request a withdrawal from your account online, in person at one of Capital One’s branches, or by calling the bank’s customer service team.

How Long Does It Take to Transfer Money Out of a Capital One Savings Account?

If you transfer money out of your Capital One Savings account to another Capital One bank account before 5 p.m. ET, the transfe𝄹r will take place that day; if the transfer is made after that time, it’ll be made the following day. If you’re transferring the money to another bank, the transact🦄ion may take one to three business days to clear.

Tip

If you transfer money to an external account right before the weekend or a federal holiday it may take longer to process, since these days are not considered business days.

Does Capital One 360 Savings Come With a Card?

No, the Capital One 360 Performance Savings account doesn’t come with a debit card. Capital One bank accounts that come with a debit card are the 360 Checking, MONEY Teen Checking, Total Control Checking, and Simply Checking accounts.

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