Introduction
A full-service online bank, Capital One provides savings accounts for both adults and children. Although there are other places where you can discover higher yields, Capital One offers rates that are higher than those of some other major banks, and the accounts are simple to open.
As a pioneer in technology, Capital One is well-known. You can open a Capital One savings account online in approximately five minutes, and you can access your funds whenever you want using the mobile banking app or online banking. Additionally, there are no monthly fees and no minimum deposit requirements.
In Bankrate’s evaluation of Capital One’s deposit products, the company received 4.6 out of 5 stars overall, with its savings accounts receiving the highest rating of 5 out of 5.
Capital One savings account rates
The 360 Performance Savings, a conventional savings account from Capital One, is available to adults. A separate account is available for children:
| Account name | APY | Minimum deposit |
| 360 Performance Savings | 1.70% | No minimum |
| Kids Savings Account | 0.30% | No minimum |
How Capital One’s savings account compare to top-yielding banks
Although the 360 Performance Savings account from Capital One offers a good interest, you may be able to find greater rates elsewhere. For instance, Bread Savings (formerly Comenity Direct) has a higher APY and doesn’t charge monthly fees, but it requires $100 to create an account.
Compare the greatest savings account rates before deciding where to keep your money. You can position yourself to reach your financial objectives a little bit more quickly with a higher rate.
Capital One’s additional cost-saving options
To help youngsters develop the habit of saving, Capital One also provides a Kids Savings Account in addition to the 360 Performance Savings.
Capital One CDs include periods ranging from six months to five years, each without a minimum balance requirement, allowing savers searching for additional options to meet their financial objectives.