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Capital One 360 CD Rates for 2024

Review Updated
Matt Frankel, CFP®
Author: Matt Frankel, CFP®
Matt Frankel, CFP®
Matt Frankel, CFP®
Writer, Analyst

Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for Motley Fool Money and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column for the Motley Fool ("Ask a Fool") that is syndicated in USA Today, and his work with Motley Fool Money has also been syndicated to MSN and Yahoo! Finance. He has been regularly featured on Fox Business and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Capital One 360 CDs offer competitive rates with no minimum deposit.

Included in our list of the 10 best CD rates we've seen, Capital One is a great choice for savers who are just starting out with CDs or for people who want to build a CD ladder.

Capital One 360 CD rates for 2024

Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Offer image for Capital One 360 CD
Capital One 360 CD
Bottom Line

Backed by Capital One's well-known brand, the Capital One 360 CDs offer competitive rates across many common terms, though they're stronger in durations of a year or longer. There's no minimum deposit, so savers can benefit even if they don't have a large sum to deposit. Check Capital One's website for the most up-to-date rates.

MINIMUM DEPOSIT $0
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 3.80% 4.00% 3.70% 3.50% 3.50% 3.50% 3.50% 3.50%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
3.80%
Rate info Circle with letter I in it. 3.80% annual percentage yield as of December 27, 2024. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

up to 4.00%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
3.80%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

Compare Capital One 360 CD rates

Capital One 360 CDs consistently rank among the best CDs, but rarely offer the highest rates. Compare CD rates below to find the right CD account for your needs.

Rates as of Dec. 18, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Overview of Capital One 360 CDs

Capital One 360 CD accounts offer a diverse range of term lengths from six months to five years. They have no minimum deposit requirements, which is somewhat of a rarity, even among online CDs.

Here are some of the key stats you need to know:

Minimum Deposit $0
Range of Term Lengths 6 months to 5 years
Compounding Schedule Monthly
Early Withdrawal Penalty 3 months of interest (12-month CD or less), 6 months of interest (More than 12 months)
Grace Period 10 days
Data source: Capital One.

Capital One 360 CD pros and cons

Capital One 360 CDs are highly competitive CDs, especially among those offered by banks with extensive branch networks.

But like every financial product, they aren't perfect, so here are the pros and cons to keep in mind.

Pros

  • No minimum deposit requirement
  • Physical branches are available
  • FDIC insured up to $250,000 per person
  • Flexible payout options
  • Wide range of CD term lengths

Cons

  • Below-average APYs on some term lengths
  • Automatically renews to current rates
  • Doesn't offer specialty CDs, like no-penalty or bump-up CDs

What stands out about Capital One 360 CDs

Unlike many competitors that have a set interest payment schedule, Capital One 360 CD accounts offer the ability to choose if you want your interest paid monthly, annually, or in a lump sum at the end of the CD term.

This can make them a great choice for customers who plan to rely on their CDs for income to cover day-to-day expenses, such as retirees.

How much can you earn with a Capital One 360 CD?

CD interest rates can and do change over time, so the amount you can earn will depend on the exact APY you receive when you open your CD.

However, we can use Capital One's rates as of May 7, 2024 to give an example. Here's a table illustrating what potential earnings could look like if you deposited $1,000 into a few different terms offered for the Capital One 360 CD.

The numbers in the table below may not be accurate to current APYs and are for example purposes only.

Term APY Earnings
6 months 4.25% $21
12 months 4.80% $48
24 months 4.00% $82
60 months 3.90% $211
Data source: Author's calculations.

Is a Capital One 360 CD safe?

Every Capital One 360 CD is FDIC insured up to the allowable limit of $250,000 per person, per institution.

Plus, Capital One is a massive and long-established financial institution, so savers can be confident that their CDs are secure.

How to open a Capital One 360 CD

The process of opening a Capital One 360 CD is a pretty straightforward one. Here are the steps to follow:

1. Open a Capital One account

You can open a Capital One bank account on the bank's website by clicking the "open account" button on the top of the CD information page.

2. Select the CD you want

Capital One 360 CDs will be listed in order from shortest maturity to longest.

3. Enter your personal information

This will include your:

  • Name
  • Email address
  • Phone number
  • Residential address
  • Employment status
  • Job title
  • Annual income
  • Social Security number

Link the bank account from which you intend to make your Capital One 360 CD deposit. It can be a checking, savings, or money market account from an external financial institution, or another Capital One account.

Who is a Capital One 360 CD right for?

Capital One 360 CDs can be a great choice if you don't have a lot of funds to invest in a CD but want a solid return, or if you're looking to create a CD ladder.

They also make a lot of sense for people who want to put money in CDs a little at a time. While you can't add to an existing CD, as is the case with most banks, you can simply open another Capital One 360 CD when you have extra cash since there's no minimum balance requirement. In fact, Capital One allows customers to have as many as 50 CDs open at a time.

Bottom line: Capital One 360 CD rates

Capital One 360 CD
  • 6 APY: 3.80%
  • 9 APY: 3.80%
  • 12 APY: 4.00%
  • 18 APY: 3.70%
  • 24 APY: 3.50%
  • 30 APY: 3.50%
  • 36 APY: 3.50%
  • 48 APY: 3.50%
  • 60 APY: 3.50%
Show All Rates [+] Hide All Rates [-]
Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Term
Capital One 360 CD
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
30 Mo.
3 Yr.
4 Yr.
5 Yr.
3.80%
3.80%
4.00%
3.70%
3.50%
3.50%
3.50%
3.50%
3.50%

Keep reading about Capital One:

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Capital One 360 CDs have no minimum deposit requirement, which makes them ideal for customers without a ton of money to get started, and for people who want to construct a CD ladder.

  • There are no monthly maintenance fees or other ongoing expenses with a Capital One 360 CD. However, there is a penalty for withdrawing money before the CD's maturity date, which is equal to three or six months' worth of interest, depending on the CD's maturity date.

  • You can close a Capital One 360 CD before it reaches maturity. However, there is a penalty for withdrawing money before the scheduled date, and this is equal to 3 or 6 months' worth of interest, depending on the CD's term length.