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Capital One 360 Savings Account Interest Rate 2024: How It Compares
The Capital One 360 Performance Savings account has a strong annual percentage yield.
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Margarette Burnette is a NerdWallet authority on savings, who has been writing about bank accounts since before the Great Recession. Her work has been featured in The Associated Press, USA Today and other major newspapers. Before joining NerdWallet, Margarette was a freelance journalist with bylines in magazines such as Good Housekeeping, Black Enterprise and Parenting. She is based near Atlanta, Georgia.
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The Capital One 360 Performance Savings account has an annual percentage yield of 4.00% with no minimum balance. It has an interest rate that is much better than the national average of 0.43%. But there are a few online savings accounts at other banks with higher savings rates.
Capital One 360 savings rate, fees
APY
4.00%.
How it compares
The average national rate for savings accounts is 0.43%.
Interest rate is the amount of interest paid on a bank account balance, expressed as a percentage. Interest is often paid daily or monthly. Annual percentage yield, or APY, is a percentage that reflects the total amount of interest you earn over one year.
How Capital One 360 compares to online banks
Capital One 360 offers online accounts with no monthly fees and above average rates that are often found with online savings accounts. There are also no minimum balance requirements. But while Capital One 360 is competitive, higher rates can sometimes be found elsewhere. (For more on this bank, check out NerdWallet’s full Capital One 360 review.)
4.20%SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.20% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 10/31/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
4.60%Annual Percentage Yield (APY) is accurate as of 111/19/2024. APY may change at any time before or after the account is opened. Available only online.
4.50%4.50% APY for $0 to <$250k; 4.80% APY for $250k+ balance
Min. balance for APY
$0
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
4.75%*Current promotional rate; annual percentage yield (variable) is 4.25% as of 11/8/24, plus a .50% boost available as a special offer with qualifying deposit. Terms apply; if the base APY increases or decreases, you’ll get the .50% boost on the updated rate. Cash Reserve is only available to clients of Betterment LLC, which is not a bank; cash transfers to program banks (www.betterment.com/cash-portfolio) conducted through clients’ brokerage accounts at Betterment Securities.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
0.10%Advertised Annual Percentage Yield (APY) is variable and accurate as of 07/01/2024. Rates are subject to change at any time before or after account opening.
Use the savings calculator to find out how much interest you could be earning in a high-interest savings account. The higher the rate, the faster your money can grow.
