Capital One savings account rates

Capital One is a full-service online bank that offers savings accounts for adults and kids. You can find higher yields elsewhere, but Capital One’s rates are higher than those offered by most other big banks and the accounts are easily accessible.

Capital One is known as a technology leader. A Capital One savings account takes about five minutes to open online, and you can access your money 24/7 through online banking or the mobile banking app. Additionally, there is no minimum deposit required and no monthly fee.

Capital One earned 4.8 out of 5 stars in Bankrate’s review across its deposit products, and its savings accounts earned a score of 4.9 out of 5 stars.

Capital One savings account rates

Capital One offers a standard savings account for adults, known as the 360 Performance Savings, as well as an account designed for minors:

Account name	APY	Minimum deposit
360 Performance Savings	3.40%	No minimum
Kids Savings Account	0.30%	No minimum

Note: Annual percentage yields (APYs) shown are as of Feb. 23, 2023, and may vary by region for some products.

How Capital One’s savings account compare to top-yielding banks

While the yield on Capital One’s 360 Performance Savings account is highly competitive, it’s possible to find higher rates elsewhere. UFB Direct, for example, offers a higher APY and charges no monthly fees with no minimum opening deposit being required to open its UFB Best Savings account.

Before settling on where to stash your savings, compare the best savings account rates. With a higher rate, you can set yourself up to achieve your financial goals a bit faster.

Other savings options at Capital One

In addition to the 360 Performance Savings, Capital One offers a Kids Savings Account geared toward children, to help get them into the habit of saving. The Kids Savings Account has no minimum balance requirement and is fee-free, although its yield is much lower than the 360 Performance Savings Account.

For savers looking for other options for their financial goals, Capital One CDs offer terms from six months to five years, each with no minimum balance requirement.