Picture by Adobe Inventory; Illustration by Tiffany Herring
Capital One is a full-service on-line financial institution that gives high-yielding financial savings accounts for adults and children. Though you could find barely greater yields elsewhere, Capital One’s rates of interest are a lot greater than these provided by most different massive banks and the accounts are simply accessible.
Capital One is named a know-how chief. A Capital One financial savings account ought to solely take round 5 minutes to open on-line, and you’ll entry your cash 24/7 by way of on-line banking or the cell banking app. Moreover, there isn’t a minimal deposit required and no month-to-month price together with the excessive yield provided.
Capital One earned 4.7 out of 5 stars in Bankrate’s evaluation throughout its deposit merchandise, and its financial savings accounts earned a rating of 4.4 out of 5 stars. Capital One was additionally named the Finest Huge Financial institution as a part of the 2024 Bankrate Awards.
Capital One financial savings account rates of interest
Capital One presents a typical financial savings account for adults, often called the 360 Efficiency Financial savings, in addition to an account designed for minors:
| Account identify | APY | Minimal deposit |
|---|---|---|
| 360 Efficiency Financial savings | 4.25% | No minimal |
| Youngsters Financial savings Account | 2.50% | No minimal |
Word: Annual proportion yields (APYs) proven are as of Could 14, 2024 and will differ by area for some merchandise.
How Capital One’s financial savings account compares to top-yielding banks
Whereas the yield on Capital One’s 360 Efficiency Financial savings account is very aggressive, it’s doable to search out greater charges elsewhere. EverBank, for instance, presents the next APY and fees no month-to-month charges with no minimal quantity required to open its EverBank Efficiency Financial savings account.
Earlier than deciding on the place to stash your financial savings, examine the very best financial savings account charges. With the next rate of interest, you’ll be able to set your self as much as obtain your monetary targets a bit quicker.
Different financial savings choices at Capital One
Along with the 360 Efficiency Financial savings, Capital One presents a Youngsters Financial savings Account geared towards kids, to assist get them into the behavior of saving. The Youngsters Financial savings Account has no minimal stability requirement and is fee-free, though its yield is way decrease than the 360 Efficiency Financial savings Account.
For these savers on the lookout for different choices, Capital One CDs supply phrases from six months to 5 years, every with no minimal stability requirement.
