Capital One Bank Review: Big-Bank Convenience With Solid Financial Services
Written by
Caitlyn Moorhead
Edited by
Emily Gadd
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Capital One offers a full line of financial products, competitive APYs and no monthly maintenance fees.
Quick Take: You may be familiar with Capital One's popular cash-back and travel rewards credit cards. However, Capital One has also taken advantage of its strong financial position to offer online checking, savings and CD accounts with no monthly service charges or minimum balance requirements to worry about. Capital One proves it is so much more than the cards in your wallet -- learn more with this Capital One review.
Capital One was established in 1994 as the banking offshoot of the card issuer Capital One Financial Corp. The banking division aims to offer a full-service financial experience complete with physical branches, a strong digital presence, and services that go beyond basic bank accounts. GOBankingRates has ranked it among the Best Banks of 2025 in several categories, including Best CD Accounts, Best Checking Accounts, Best Banks in Louisiana, Best Banks in Maryland and Best National Banks.
Capital One Checking Accounts
Capital One’s 360 Checking Accounts is GOBankingRate’s number one checking account of 2025. Learn more about the features and benefits you get.
GOLD WINNER
Best For
Checking Accounts
CD Accounts
National Banks
Mobile App
Online Banking
Min. Balance to Earn APY $0
There are two Capital One checking accounts to choose from: Money Teen Checking for kids and teens ages 8 and up and 360 Checking for adults.
Fees
No monthly service fee
APY
Min Opening
$0
Pros
- No monthly service charge
- No minimum balance required
- Earn an APY of 0.10% no matter your balanceÂ
Cons
- Requires good/excellent credit
Why We Like Capital One Bank
Here are some important features for the Capital One Bank 360 Checking account.
- Was ranked among the Best Checking Accounts of 2025 by GOBankingRates.
- You can schedule online bill payments or write checks.
- You can use the mobile app to deposit checks, or if you’re located near an ATM or branch, you can do in-person banking to deposit cash.
- No monthly maintenance fees or service fees.
- No minimum balance requirements.
- No overdraft fees.
- Over 70,000 surcharge-free ATMs are available.
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Capital One High Yield Savings Account
As with the checking accounts, Capital One offers two online savings accounts — one for adults, known as 360 Performance Savings, and one for kids. The Capital One 360 Performance Savings account is a high-yield savings account with no monthly fees or minimum deposit requirements.
Best For
Checking Accounts
CD Accounts
National Banks
Mobile App
Online Banking
Min. Balance to Earn APY $0
Capital One 360 Performance Savings is a great option for people who want to save money at a competitive APY. There is no minimum deposit or monthly maintenance fee which helps to maximize your savings.
Fees
No monthly service fee
APY
Min Opening
$0
Pros
- Competitive APY
- Kid savings account earns 2.50%
- No minimum deposit
- User-friendly digital access
Cons
- No ATM card access
- Limited in-person locations
Quick Take
- No monthly maintenance fees
- No minimum to open
- Mobile check deposit
- FDIC insuredÂ
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Capital One CD Accounts
If you have cash that you don’t need for some time, a certificate of deposit from Capital One guarantees a higher interest rate for the term you choose. It’s one of the Best CD Accounts listed by GOBankingRates in 2025, with some of the best CD rates. There are several term commitments to choose from, between six and 60 months.
Best For
Customer Service
National Banks
Online Banking
no-fees
Premium Checking
Min. Balance to Earn APY $0
Capital One CDs offer competitive rates and, with no minimum deposit requirement makes it accessible to most consumers. With terms from 6-60 months, there’s something for everyone.
Fees
No monthly service fee
APY
to
Min Opening
$0
Pros
- APYs are competitiveÂ
- CD lengths cover different terms
- No minimum depositÂ
- Can open online
Cons
- Early withdrawal penalties
- Automatic renewalÂ
- Limited specialty CD options
Why We Like Capital One
No matter where you are in your savings journey, Capital One CDs can help you grow your savings. Features include:
- Terms range from 6 to 60 months
- No minimum balance to open the accountÂ
- Guaranteed returns
- FDIC insuredÂ
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Banking Experience
Capital One is primarily an online bank with the perk of branches in select areas. To get the most out of the bank, it’s important to get familiar with the digital side of banking and complement it by accessing the 70,000 free ATMs available. Here are some takeaways:
- Customer service: Besides the available branches and Capital One Cafés, you can reach customer service seven days a week between 8 a.m. and 11 p.m. ET at 800-655-2265.
- Mobile banking: The Capital One app is one of the most functional mobile banking apps around. Mobile check deposits, account management, bill payments, and more are possible. The app has a rating of 4.5 out of 5 stars from Google Play users, and iOS users give the app a 4.9 out of 5 in the App Store, showing overall customer satisfaction.
You can also handle your banking needs and financial decisions by using the online platform. It’s user-friendly and provides many tutorials and resources to help you learn more about personal finance.
One thing that makes Capital One even more user-friendly, especially for online customers, is its mobile assistant, Eno. It’s a 24/7 chat service that you can use to answer any questions about your account. You can chat with Eno to pay bills, report your card missing (and even lock it) and even check your rewards balance. It can also be used to activate a new card when you receive it.
Comparable Bank OptionsÂ
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly fees
Up to $6.95, which is waivable
APY
APY
APY
Min Opening
Min Opening
Min Opening
$0
$0
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
No monthly service fee
APY
APY
APY
Up to
Up to
Min Opening
Min Opening
Min Opening
$0
$0
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
Early withdrawal penalty may apply
No monthly service fee
APY
APY
APY
to
Up to
Up to
Min Opening
Min Opening
Min Opening
$0
$1,500
$500
It’s always good to research several banks before you choose one. Here is how Capital One compares to similar financial institutions.
Capital One vs. Chase
Capital One’s interest rates on savings accounts are significantly higher than Chase’s standard savings rates, which currently go up to . However, if you make regular cash deposits or need a bank with a local presence, Chase has more than 4,700 branches nationwide for a wider reach.
Capital One vs. Ally
Although both banks have an online focus and provide high yields, Ally Bank has more options for a truly full-service experience. You can have your pick of checking, savings, money market and CD accounts, as well as retirement accounts, loans and mortgages with Ally.
Capital One vs. Bank of America
Both banks provide an extensive suite of products, but Capital One is the clear winner regarding the APY it offers on its savings account. Bank of America has more of a physical presence, so in-person banking is convenient. However, if you want a high interest on your savings account and are comfortable with digital banking, Capital One is the clear choice.
Final Take
Capital One is a great alternative to the brick-and-mortar bank. The mostly online institution provides interest-bearing accounts with no fees or minimum requirements. The mobile app is extremely user-friendly, making it possible to handle most of your needs online.Â
Overall, Capital One is best for people who are looking for minimal fees and good rates and who are also comfortable conducting their banking business online because physical branches are limited. This is why GOBankingRates ranked it among the Best National Banks, Best CD Accounts, Best Online Banks and Best Checking Accounts of 2024.
Rudri Patel contributed to the reporting of this article.
Capital One FAQ
Here are the answers to some commonly asked questions about Capital One.- Is 360 Performance Savings good?
- Yes, the 350 Performance Savings account is accessible for all savers and has a great APY. There is no minimum deposit or monthly balance requirement.Â
- Does Capital One 360 have fees?
- Capital 360 Performance Checking and Savings doesn’t require a minimum deposit or monthly maintenance fee. If you use a Capital One ATM or have a foreign transaction, you will not be charged a fee. There are fees for cashier's checks and wire transfers.
- How do I avoid Capital One fees?
- It is easy to avoid Capital One fees since there is no minimum balance requirement or monthly maintenance charge. You should review the account terms to determine what services incur charges.
- Does Capital One 360 use Zelle?
- Yes. Capital One Bank uses Zelle.
- What is the limit on 360 Checking Capital One?
- For debit card transactions, the limit is $5,000 per day for purchases and withdrawals. For ATM withdrawals, the limit is $200 per day and $2,000 per month. For bill pay transactions, the limit is $100,000 per bill payment
- What is the $1500 bonus for Capital One 360 Performance?
- Occasionally Capital One offers promotions and bonuses for signing up for their accounts. The $1,500 bonus for Capital One 360 Performance was offered in the past if you opened a new Performance Savings account.Â
To determine rankings for the Best Checking Accounts of 2025, GOBankingRates looked at the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (5) APY on the checking account; (6) overdraft fee amount; (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factor (1), (2 and (5) weighed 0.5 times, and Factor (4) weighed 1.5 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To determine rankings for the Best CD Accounts of 2025, GOBankingRates considered the following factors (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) 12-month CD APY rate; (5) 60-month CD APY rate, and (6) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, factor (3) was weighed 2 times, and factors (4) and (5) were weighed 4 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To discover the Best National Banks of 2025, GOBankingRates analyzed the top national institutions, (excluding online banks and neobanks) that have branches in at least 25 states and have over $400 billion in total assets, or both. GOBankingRates considered the following factors (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times; and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 19, 2024.
*Capital One interest rates are accurate as of 8/26/2025. See the website for all current rates.
