Capital One 360 ​​financial savings account rate of interest: easy methods to examine it

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The rate of interest of the Capital One 360 ​​financial savings account is 1.00% for all balances. That is significantly better than the nationwide common of zero.10%. However the annual proportion returns, or APY, of different banks' on-line financial savings accounts are increased – nicely above 2.00% APY.

In case you have extra money to deposit, Capital One 360 ​​additionally provides a cash market account with an APY increased than its financial savings price – 2.00% on balances of at the very least $ 10,00zero. New clients who open a cash market account can even earn a bonus of as much as $ 500. Take a look at the NerdWallet's Prime Financial institution Bonus web page to learn how to qualify.

Capital One 360 ​​financial savings rate of interest, charges

Rate of interest on balances1.00%.
Worth comparability The typical nationwide financial savings account price 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 rate of interest choices with the most effective on-line high-yield financial savings accounts from NerdWallet.

How does Capital One 360 ​​examine to on-line banks?

Capital One 360 ​​provides on-line accounts with the bottom charges and above common charges that we regularly discover in on-line banks. There aren’t any month-to-month charges or minimal steadiness necessities, however Capital One 360 ​​is aggressive, however increased charges can be found elsewhere. (To be taught 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:

Are you in search of different methods to avoid wasting? Examine Capital One 360 ​​CD charges.

Learn how a lot curiosity you would earn with the calculator beneath. The upper the speed, the quicker your cash can develop.

Financial savings Calculator

»Discover the best APY of this month in the most effective financial savings charges of NerdWallet.