Capital One savings account and CD rates: How do they compare?

Capital One is an internet financial institution identified for providing aggressive rates of interest on deposit accounts, together with financial savings and CDs. The financial institution doesn’t require a minimal opening deposit or steadiness with a view to get these charges, and accounts don’t have any upkeep charges.

Capital One financial savings charges vs. the nationwide common  

Capital One gives among the greatest high-yield financial savings charges available on the market because of its low overhead prices. Its on-line financial savings account pays 10 occasions the nationwide common, which was simply 0.40% as of Could 15, 2023, in keeping with the FDIC.

Capital One’s financial savings charges in comparison with present high charges  

Although Capital One gives among the highest financial savings account yields within the nation proper now, there are a number of banks that beat its charges. Our high 5 high-yield financial savings accounts winners (as of June 8, 2023) embrace the next banks:

Capital One CD charges vs. the nationwide common  

Capital One additionally gives certificates of deposit in various time period lengths with aggressive charges far above the nationwide common. In truth, Capital One’s CDs ranks among the many greatest obtainable charges as we speak, with its 360 CDs starting from 6 months to 5 years.

Time period size APY Nationwide common APY
6 months 3.90% 1.19%
9 months 3.90%
12 months 4.75% 1.59%
18 months 4.75%
24 months 4.30% 1.45%
30 months 4.30%
36 months 4.30% 1.36%
48 months 4.20% 1.30%
60 months 4.10% 1.37%

Capital One’s CD charges in comparison with present high charges  

Regardless of these aggressive charges, a number of banks outrank Capital One with regards to CD rates of interest. See how a few of our greatest CD charges winners examine, based mostly on charges as of June 8, 2023.

Regularly requested questions 

Does Capital One have a 5% CD charge? 

No, Capital One doesn’t at the moment provide any CDs with a charge of 5% or larger. Nonetheless, a few of its shorter-term CD charges are near this threshold.

What’s the highest rate of interest for Capital One?

The very best rate of interest at the moment obtainable at Capital One is for the 12-month and 18-month CD at 4.75% APY.

Is Capital One FDIC-insured?

Sure: Capital One clients are routinely protected by deposit insurance coverage as much as $250,000 per depositor, per possession class.

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