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The Capital One 360 financial savings account rate of interest is 1.00% for all balances. That is significantly better than the nationwide common of zero.10%. However the annual share returns, or APY, of different banks' on-line financial savings accounts are larger, properly above 2.00% APY.
You probably have extra money to file, Capital One 360 additionally affords a cash market account with an APY larger than its financial savings fee – 2.00% on payday loans. a minimum of $ 10,00zero. New prospects who open a cash market account can even earn a bonus of as much as $ 500. Learn NerdWallet's finest financial institution bonus web page to learn the way to qualify.
Capital One 360 Curiosity Financial savings Charges, Price
Rate of interest on balances1.00%.
Worth comparability The typical nationwide financial savings account fee is zero.10% APY.
Month-to-month payment $ zero.
Minimal opening deposit of $ zero.
Curiosity on Premium Financial savings Account balances2.00% APY on the Capital One 360 Cash Market Account for balances of $ 10,00zero or extra. For smaller balances, the APY is zero.85% APY.
»Uncover Excessive Curiosity Charge Choices with NerdWallet's Finest On-line Excessive Yield Financial savings Accounts.
How Capital One 360 Compares to On-line Banks
Capital One 360 affords on-line accounts with low charges and above common charges, which are sometimes present in on-line banks. There are not any month-to-month charges or minimal steadiness necessities, however Capital One 360 is aggressive, however larger charges can be found elsewhere. (To study extra about this financial institution, see NerdWallet's full Capital One 360 overview.)
Here’s a comparability of Capital One 360's financial savings charges with the accounts of different main on-line establishments:
»Uncover different methods to save cash? Uncover the costs of Capital One 360 CD.
Learn the way a lot curiosity you could possibly earn with the calculator beneath. The upper the speed, the quicker your cash can develop.
Financial savings Calculator
»Discover this month's highest APY in the most effective financial savings fee of NerdWallet.