Capital One is a household name. From partnerships with A-list celebrities to an expanding presence in luxury travel to extra customer-friendly apps and services, the Capital One ecosystem is an exciting one in which to live.
As one of the largest financial institutions in the United States, Capital One is headquartered in McLean, Virginia. Since its establishment in 1994, this financial giant has grown operations to more than $90 billion in loan portfolio and over 5,100 clients,. with around 1,270 Capital One-branded ATMs (and tens of thousands more that you can freely use).
Capital One is famous for its credit cards and checking and savings accounts — but it also offers business loans, commercial services, and more. If you’re not near any of its branch locations, including its 55+ café locations, you can still bank online. Its online division is called Capital One 360, and that’s where you can find high-yield savings accounts, checking accounts, and certificates of deposits (CDs).
Here’s everything you need to know about Capital One 360.
Rates are current as of Aug. 18, 2025, and are subject to change.
Capital One at a glance
Capital One
| Checking accounts | Starting at $0 per month |
| Savings account | Open with as little as $0 |
| CD rates | Earn up to 3.50% annual percentage yield (APY) |
at MoneyLion
- Year Founded: 1994
- Company Headquarters: McLean, VA
- CEO: Richard Fairbank
Pros
- No monthly fees or minimum deposits on checking and savings accounts
- Offers Kids Savings Accounts, which allow for automatic transfers of their allowance
- Make deposits right from your mobile phone
Cons
- Some competitors may offer higher interest rates with checking, savings, and CDs
- APY is locked in and doesn’t account for inflation
- CDs are illiquid, so you cannot easily access funds without penalties
Who is Capital One good for?
Capital One may be ideal for anyone who values a comprehensive digital banking experience and the ability to earn interest with ease. Its checking and savings accounts have no minimum account opening requirements, no minimum balance requirements to earn interest, and no monthly fees. Setting up multiple accounts is easy, and you can view these from a single dashboard, making it an excellent choice for those who open multiple accounts to work toward specific goals.
If you travel frequently, access to a large network of fee-free ATMs (over 70,000 in total) means easy access to cash. Additionally, if located near any one of its 50-plus café-style branches, customers can enjoy a coworking space and coffee shop all rolled into their banking experience.
Who shouldn’t use Capital One?
If you prefer to handle all your banking under one umbrella, from mortgages to student loans, consider an alternative option; Capital One focuses heavily on its core products—; credit cards, checking and savings accounts, and business or commercial banking.
Also, you must be a paperless customer to use any Capital One 360 banking products. If you’re a hard-copy champion and find it a bother to work with digital copies or elseto print everything yourself, this will be an annoyance.
Capital One 360 rates and products
Capital One 360 offers a variety of products, including high-yield savings accounts, checking accounts, and CDs. It also offers teen checking accounts and kids’ savings accounts, which is ideal for teaching children the value of money management. Here are your options.
| Capital One product | APY |
|---|---|
| Checking accounts | 0.10% |
| Savings accounts | 2.50%-3.50% |
| CDs | 3.60%–3.50% |
| Checking accounts | |
|---|---|
| APY | 0.10% |
| Savings accounts | |
| APY | 2.50%-3.50% |
| CDs | |
| APY | 3.60%–3.50% |
Bank details checked Aug. 18, 2025.
Checking accounts
Capital One offers a monthly fee-free checking account (you’ll still pay fees for voluntary activities like wire transfers and purchasing cashier’s checks). But, you won’t pay a monthly fee or overdraft fees. And, you aren’t required to keep a minimum amount in your account to avoid fees.
As of this writing, Capital One 360 offers a checking account bonus of $250 when you open and use the code CHECKING250 and follow through on the required qualifying activities. Terms apply.
Bank details checked Aug. 18, 2025.
*For your account to be considered “open,” you must deposit at least 1 cent.
Savings accounts
A high-yield savings account can help you earn an elevated APY on the money in your savings account. They’re most common among online-only banks. But Capital One 360 competes with the best of them, offering up to 3.50% APY, with no minimum requirement to earn interest.
Bank details checked Aug. 18, 2025.
Certificates of deposit
A CD is something like a type of savings account that holds your money for a specified period of time in exchange for an APY typically higher than what you’d find in a traditional savings account. The tradeoff is that your money is tied up for that predetermined time frame, known as a term. If you take your money out before the specified term, you’ll usually pay an early withdrawal penalty.
Bank details checked Aug. 18, 2025.
Capital One 360 CD rates
Capital One offers a variety of CD options with convenient terms and relatively generous APYs, including:
Bank details checked Aug. 18, 2025.
Other services Capital One offers
As noted earlier, Capital One offers several other products and services aside from checking, savings, and CDs. These include:
- Credit cards: Whether you’re looking to establish and build your credit, earn travel rewards toward a (nearly) free vacation, or find a spending tool to manage cash flow for your small business, Capital One has options to suit just about any need.
- Business and commercial services: Whether you need a business loan or commercial funding, there are several options available.
- CreditWise: Whether you’re building your credit or looking to maintain it, CreditWise helps you monitor your credit and even provides tips to help it grow.
- Capital One Shopping: Through this browser extension and mobile app, you can receive coupons at checkout automatically and earn cash back for purchases. Capital One will even tell you if it spots an item you’re looking at for a cheaper price on another site.
Online banking
While you can open an account through a local branch, banking online with Capital One is fairly easy. Each of its 360 products is exclusively online and requires you to sign up for paperless options.
Just remember that Capital One doesn’t offer everything you might need— personal loans and mortgages. If you prefer to do all your banking in one place, there are online banks and credit unions that might better meet that need.
The Capital One 360 platform and customer support
Customers can access Capital One 360 customer support through the Capital One mobile app, where you can speak with its artificial intelligence (AI) chatbot named Eno. It’s not always the most intuitive, but it can help point you in the right direction when you’ve got a question.
If you’d like to talk to an actual human being, Capital One live support is available every day from 8 a.m. to 11 p.m. Eastern Time. You can reach support at 800-655-2265.
Is Capital One secure?
In general, Capital One is secure—but it seems no company is entirely impervious to data breaches. Capital One has experienced at least a couple high-profile incidents since 2019 which have ended in class-action lawsuits.
In terms of daily use, Capital One is extremely safe. It uses multi-factor authentication and real-time fraud alerts; it gives you the option to use virtual card numbers to mask your actual payment information; and its CreditWise service offers identity monitoring. It does just about everything you can ask of a bank.
Capital One user reviews
While the Capital One page on Trustpilot shows a 1.3-star average out of 5 possible stars, it’s worth noting that users most motivated to leave reviews will typically be those who have had a frustrating experience. By contrast, many reddit users have shared positive experiences about the bank, citing factors such as lack of fees, an easy-to-use mobile interface, and access to early direct deposit.
Compare Capital One alternatives
If Capital One 360 products don’t quite align with what you’re looking for, two popular online banks that might be worth looking at as alternatives include Ally and SoFi®.
Capital One |  SoFi® Member FDIC |  Ally |
|---|---|---|
| Top checking APY | Top checking APY | Top checking APY |
| 0.10% | 0.50% | 0.25% |
| Top savings APY | Top savings APY | Top savings APY |
| 3.50% | Up to up to 3.80%%.1 Get a 0.70% Boost on Savings APY to up to 4.50% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.2 | 3.50% |
| Top CD APY | Top CD APY | Top CD APY |
| 3.50% on a 6-month CD | N/A | 3.90% on a 6-month CD |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at SoFi | View offer at MoneyLion |
Bank details checked Aug. 18, 2025.
Is Capital One 360 right for you?
Capital One 360 is best for users comfortable with online banking, drawn to mostly fee-free accounts, and interested in high-yield savings and competitive CD rates. It may not suit those who prefer in-person banking or deposit cash frequently due to limited physical branches. Additionally, if you need student loans, mortgages, or retirement accounts, consider an alternative option.
Frequently asked questions
What is the difference between Capital One and 360?
Capital One is the larger financial institution responsible for traditional branch banking and credit products, whereas 360 is specifically the online banking arm of Capital One, offering high-yield checking and savings account products.
Is it safe to put money into Capital One 360?
Capital One 360 offers the same protections you’d generally find banking at a traditional branch: up to $250,000 per depositor, per institution in Federal Deposit Insurance Corp. (FDIC) insurance.
How much can I withdraw at an ATM from my Capital One account?
Capital One states that you can withdraw $500 per day and $2,000 per month from an ATM when using your bank app.
SoFi disclaimer
1:
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.
2: 0.70% Savings APY Boost
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.