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Business Insider's personal finance team compared Capital One 360 CD rates to the best CD rates and found them to be a standard offering.
While Capital One 360 CD rates are excellent compared to brick-and-mortar banks, but other online banks generally offer better rates. Capital One 360 is considered an online bank, but unlike most online banks, Capital One 360 has physical branches you can go to if you want to bank in person.
Capital One 360 is also fairly straightforward when it comes to its options — it has traditional CDs ranging from six months to five years. It doesn't have any specialty CDs, like no-penalty CDs or bump-rate CDs.
If you want online bank CD rates while still being able to bank in person, Capital One 360 CDs might be a good choice for you. But if you're just interested in the highest CD rates, or if you want specialty CDs, you might want to bank elsewhere.
Current Capital One CD Rates
Capital One 360 CD rates are 3.50% to 4.10% APY.
Capital One CD rates are more competitive than the average CD rate, regardless of which term you want. That being said, the best CD rates from online banks and credit unions are even higher.
Capital One 360 also has standard term lengths from 6 months to 5 years. Other banks and credit unions offer extended term lengths if you're interested in shorter CDs, like 3-month CDs, or longer CDs, like 10-year CDs.
| CD Term | APY (Annual Percentage Yield) |
| Capital One 6 Month 360 CD | 4.00% |
| Capital One 9 Month 360 CD | 4.00% |
| Capital One 11 Month 360 CD | 4.10% |
| Capital One 1 Year 360 CD | 4.10% |
| Capital One 18 Month 360 CD | 3.90% |
| Capital One 2 Year 360 CD | 3.70% |
| Capital One 30 Month 360 CD | 3.70% |
| Capital One 3 Year 360 CD | 3.60% |
| Capital One 4 Year 360 CD | 3.55% |
| Capital One 5 Year 360 CD | 3.50% |
How to Open a Capital One CD
You can open a Capital One CD online if you're a U.S. citizen or permanent resident who is at least 18 years old. To apply for the account, you'll need to provide basic information like a social security number, a U.S. address, and your phone number. If you want to use an ITIN number to open a bank account, you can visit a Capital One location to open an account.
Once you've opened a CD, you'll need to link another Capital One account or an external bank account. Capital One is one of the few banks that have CDs with a $0 minimum deposit, so you can open a CD regardless of how much money you have.
Should You Open a Capital One CD?
Capital One might be a good place to open CDs if you prioritize banking with a national brand. It also has a decent range of terms, so you could build a CD ladder to protect against rate volatility. You also may have more account flexibility since you'll have access to some of your funds at different maturity points.
If you're strictly looking for the highest CD rates available, however, there are other financial institutions with even higher rates right now.
Capital One CD Pros and Cons
Capital One CD Pros
- National brand with high interest rates on a variety of terms
- $0 minimum opening deposits
- Low early withdrawal penalties
Capital One CD Cons
- Doesn't offer specialty CDs (bump-up CDs or no-penalty CDs)
Capital One CD Alternatives
Capital One CDs vs. Ally CDs
Both online banks are among the few that let you open a CD with $0.
If you're strictly looking for which one offers the higher interest rate, Ally may be a better option if you're looking for short-term CDs. Ally's CD rates are 3.00% to 4.30% APY. Ally also has an 11-month Ally No Penalty CD and a 2-year or 4-year Raise Your Rate CD, so it's the better choice if you're looking for specialty CDs. The latter gives you the option to increase your rate should Ally's rates go up during your term — once during the two-year term, and twice during the 4-year term.
If you want traditional long-term CDs, Capital One 360 might be a better choice. Ally doesn't offer 2-year and 4-year traditional CDs, and Capital One 360 CD rates for long-term CDs are generally pretty similar to long-term Ally CD rates.
Capital One CDs vs. Marcus CDs
If you're just looking for the highest CD rates, Marcus CD rates are higher than Capital One 360 CD rates for most CD terms; Marcus CD rates are 3.60% to 4.10% APY. There is also a Marcus No-Penalty CD with 7-month, 11-month, and 13-month terms, as well as a 20-month rate-bump CD.
Keep in mind Marcus requires $500 to open a CD. If you don't have that much cash ready, Capital One is the clear choice. Capital One is also the clear choice if you want to bank in person; Marcus is an online-only bank.
Why You Should Trust Us: How We Reviewed Capital One 360 CDs
We rate bank accounts on a scale from zero to five stars. For our CD review, we used our CD methodology, which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and the ethics of the company.
Capital One 360 CD FAQs
Capital One 360 CD rates are currently 3.50% to 4.10% APY.
You can open Capital One CD online, a branch, or a Capital One Cafe.
Capital One CDs have a $0 minimum opening deposit.
No. Capital One has traditional CDs. If you take out money from a CD before it matures, there will be a penalty.
Capital One 360 CD rates are higher than what you generally find at traditional brick-and-mortar banks. That being said, its rates are a little lower than what you can find at online banks and credit unions.
Capital One does not charge any monthly service fees or minimum opening deposits on CDs. However, it does charge early withdrawal penalties.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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