Capital One Savings Account Interest Rates: What You’ll Earn in 2025
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Looking for a savings account with a solid interest rate and no hidden fees? The Capital One 360 Performance Savings account offers just that — with no monthly fees, no minimum balance requirements and FDIC insurance. Capital One also offers a Kids Savings account, making it easy to help younger savers build smart money habits early.
Here’s what to know about Capital One savings account interest rates, features and how they stack up in 2025.
Current Capital One Savings Account Interest Rates
The 360 Performance Savings account offers an annual percentage yield (APY) well above the national average, which currently sits at 0.38%. All balances earn the same APY, making it a simple choice for savers at any level.
| Account | APY | Minimum Deposit | Monthly Fee |
|---|---|---|---|
| Capital One 360 Performance Savings | $0 | $0 | |
| Capital One Kids Savings | $0 | $0 |
360 Performance Savings: Features and Benefits
The Capital One 360 Performance Savings account is great for growing your savings in a risk-free and simple manner. Here are some of the stand-out features of the account.
No Monthly Fees or Minimum Balance Requirements
With the 360 Performance Savings account, there are no monthly fees or minimum balance requirements.
You won’t have to worry about your account being downgraded or closed due to inactivity or low balances. Plus, you’ll earn the same interest rate no matter how much money is in your account.
24/7 Digital Banking Tools
Capital One is known for its user-friendly online banking platform and mobile app. With 24/7 access, you can:
- Monitor account balances
- Set up account alerts
- Transfer funds
- Deposit checks remotely
Automatic Savings
To help you stay on track with your financial goals, the 360 Performance Savings account includes features like recurring transfers and paycheck percentage deposits.
These tools help automate your savings, so you can set money aside regularly without thinking about it.
Capital One Kids Savings Account: Features and Benefits
Here are some of the features of the Capital One Kids Savings account:Â
- No minimum deposit required
- No fees
- APY is
- App availability
- Adult and child are owners of the account
- Can automate allowance for deposits
How Capital One’s Interest Rates Compare
The national APY average on savings accounts is just 0.38% — but Capital One savings account interest rates are much more competitive rate at . Here’s how it stacks up against other banks.
| Bank | Savings APY | Fees | Accessibility |
|---|---|---|---|
| Capital One | $0 | -Mobile friendly -No ATM cards for savings |
|
| Ally Bank | $0 | -Fully online -Budgeting tools |
|
| Discover® Bank, Member FDIC | $0 | -No-fee transfers -Mobile deposits -Full online support |
|
| Marcus by Goldman Sachs | $0 | -High APY -Same-day transfers -No ATM access |
|
| Varo Bank | First $5,000 earns , balances above that earn | $0 | -Mobile-first -Direct deposit required for higher rate -No ATM network |
Pros and Cons of Capital One Savings
Just like any financial product, Capital One savings accounts have their benefits and drawbacks. Here’s a look at both sides.
Pros
- Competitive APY
- No monthly fees
- No minimum balance
- 24/7 mobile app and customer support
Cons
- Physical branches are limited
- Some online competitors have higher APYs
- Rates can change at any time
Other Savings Options at Capital One
If you’re looking for longer-term savings with a fixed interest rate, Capital One also offers certificates of deposit (CDs). These accounts come with a range of term lengths and competitive APYs — plus no minimum deposit requirement.
Current Capital One CD Rates
| Term | APY | Minimum Deposit | Early Withdrawal Penalty |
|---|---|---|---|
| 6 months | $0 | 3 months interest | |
| 9 months | $0 | 3 months interest | |
| 12 months | $0 | 3 months interest | |
| 18 months | $0 | 6 months interest | |
| 24 months | $0 | 6 months interest | |
| 30 months | $0 | 6 months interest | |
| 36 months | $0 | 6 months interest | |
| 48 months | $0 | 6 months interest | |
| 60 months | $0 | 6 months interest |
How To Open a Capital One Savings Account
You can open a new Capital One Savings account in just four quick steps:
- Step 1: Apply online or visit a branch to open a 360 Performance Savings or Kid Savings account.
- Step 2: Provide the necessary personal information. You may have to provide your name, date of birth, mailing address, email, phone number, Social Security number and employment or income details.
- Step 3: Optional — fund your account. There’s no minimum deposit required to open either account.Â
- Step 4: Finalize your account setup and start managing it online.
Final Takeaway: Is Capital One the Right Place for Your Savings?
With no monthly fees or account minimums, Capital One is definitely worth exploring as a savings option.
One drawback of a 360 Performance Savings account is that it doesn’t come with an ATM card. This is problematic if you’re looking for a savings account that allows you to make cash withdrawals from an ATM.
However, the 360 Performance Savings account does let you transfer funds to other Capital One accounts or an external bank account.
Capital One Savings Account Interest Rates: FAQ
Still have questions about how Capital One’s savings account interest rates work? Here are answers to some of the most common questions from savers.- Does Capital One have a high-yield savings account?
- Yes, Capital One has a high-yield savings account that requires no minimum deposit, no fees and offers a competitive APY rate of 3.50%.
- Can I withdraw money from my Capital One savings at an ATM?
- You can withdraw from your savings in person at the branch. Based on website disclosures, it doesn't appear you can withdraw savings from an ATM.
- How often does Capital One compound interest?
- The interest on the Capital One savings account is calculated daily and credited monthly.
- Which bank gives 7% interest on savings accounts?
- Currently, most banks do not offer 7% interest on savings accounts. However, sometimes banks may offer a higher promotional savings rate.
- What is the interest rate on Capital One savings accounts?
- Capital One offers a 3.50% APY on its 360 Savings account and the Kids Savings account offers 2.50% APY.
- Where can I get 5% interest on my savings account?
- Varo Bank offers rates up to 5.00% on its savings account. Axos Bank offers 4.46% APY, while a handful of banks offer 4.00% APY.
Caitlyn Moorhead, Nicole Valentine and Elizabeth Constantineau contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of June 30, 2025
*Capital One interest rates accurate as of 8/26/2025. See website for all current rates.
Savings vary depending on account usage and payment behavior.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
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- FDIC. 2024. "National Rates and Rate Caps."
