Capital One 360 Savings Account Interest Rate

Capital One 360 savings rates are not verified yet · the FDIC figures below are national benchmarks, not Capital One 360 rates

National Savings Rates Today

FDIC national rates and rate caps · October 19, 2026

How Much Does $10,000 Earn in One Year?

Capital One’s main savings product is 360 Performance Savings. It pays a variable APY, and Capital One publishes it as a single rate for every balance. There is no minimum deposit, no minimum balance to earn that rate, and no monthly service fee. Interest compounds and is credited monthly. The number to compare is the APY Capital One currently posts for 360 Performance Savings. A variable rate can change after you open the account, so confirm the figure on Capital One’s own rate page on the day you deposit. FDIC national rates are benchmarks for comparison, not Capital One rates.

How to Read the Rate Figures on This Page

The widgets show three FDIC reference numbers. Each one answers a different question about a savings rate such as Capital One’s.

• National rate (savings): the FDIC’s average of rates that insured institutions pay on savings accounts. It mixes large branch banks, which often pay very little on savings, with online banks that pay much more. A Capital One APY above this average tells you the account beats the typical deposit rate. It does not tell you the account is among the highest available.
• National rate cap: the FDIC sets this ceiling for banks that are less than well capitalized. It is calculated from the national rate or a Treasury or fed funds yield, plus a margin. It is not the maximum any bank can pay. It marks where pricing sits relative to market yields.
• Treasury / fed funds yield: a market rate on very low-risk short-term money. A savings APY well below this yield means the bank keeps a wide spread between what it earns on cash and what it pays you. An APY close to it means the bank is pricing aggressively.

Place the Capital One APY between these points. Near the national average means a weak rate. Near the Treasury yield or the cap means a strong one. The “$10,000 in one year” table runs the same arithmetic at the benchmark rates. Swap in Capital One’s posted APY to get a comparable figure for this account.

360 Performance Savings: Key Features

The account covers the routine tools of a large bank: mobile check deposit, electronic transfers to and from other accounts, and automatic recurring transfers into savings. The published terms don’t tie the rate to a linked checking account, a direct deposit or a balance tier.

The Six-Transfer Rule

The account disclosures still allow no more than six transfers per statement cycle from savings to a third party or to another Capital One account. Capital One has said it is not enforcing that limit on any of its savings accounts and will notify customers if that changes. For now, you can move money out as often as you need. Keep the written limit in mind if you plan to use the account for frequent outgoing payments, because enforcement could return with notice.

Multiple Savings Accounts

You can open several 360 Performance Savings accounts under one login and name each for a goal, such as an emergency fund, a travel budget or a down payment. Each account has no fee and no minimum, so splitting money this way costs nothing. Each account earns the same posted APY, so dividing a balance across goals doesn’t change the total interest you earn.

360 Savings vs. 360 Performance Savings

The “360” name dates to Capital One’s 2012 purchase of ING Direct USA. Capital One rebranded the online bank as Capital One 360. Over time Capital One has offered two savings products under that name:

• 360 Savings, the older product, which paid a much lower rate.
• 360 Performance Savings, the current product that new customers open, which carries the higher posted APY.

This matters if you opened a Capital One savings account years ago. The account name on your statement tells you which rate you are earning. If it says 360 Savings rather than 360 Performance Savings, your rate is not the one Capital One advertises today. Opening a 360 Performance Savings account and moving the balance is an internal transfer.

How Capital One Calculates and Pays Interest

APY is the annual return including compounding. With monthly compounding, the stated interest rate (r) and APY relate like this:

APY = (1 + r ÷ 12)^12 − 1

To estimate interest from a posted APY:

• One year, balance unchanged: Interest ≈ Balance × APY
• One month: Monthly rate = (1 + APY)^(1/12) − 1, then Interest ≈ Balance × monthly rate

Hypothetical example (assumes a 3.00% APY that stays fixed for the full year and no deposits or withdrawals; not Capital One’s current rate):

• $10,000 × 3.00% = about $300 over 12 months.
• Monthly rate = (1.03)^(1/12) − 1 ≈ 0.2466%, so the first month credits about $24.66.
• Each later month earns slightly more, because the credited interest joins the balance.

Real results differ from the estimate when the bank changes the APY during the year. Deposits and withdrawals change the balance the rate applies to. Interest is taxable as ordinary income in the year it is credited, and the bank reports it on Form 1099-INT once it reaches the reporting threshold.

What Moves Capital One’s Savings Rate

A variable APY has no contractual floor and no schedule. Capital One can raise or lower it at any time. Three forces tend to drive the changes:

1. Federal Reserve policy. When the Fed raises or cuts its benchmark rate, short-term market yields follow. Banks then reprice deposits, often more slowly and by smaller amounts than the Fed’s move.
2. Competition among online banks. Capital One competes for deposits with internet banks that also have no branches to pay for. Their rate moves put pressure on its pricing.
3. The bank’s need for funding. A bank that wants more deposits to fund loans can pay more for them. One that has plenty can let its rate drift down.

The Treasury or fed funds yield is the quickest signal of where market rates are heading. When it falls, savings APYs across the industry usually come under pressure. A CD rate, by contrast, stays fixed for the term.

Inflation changes what any APY is worth in real terms. A savings rate below the inflation rate loses purchasing power even while the balance grows. Our U.S. inflation rate by year data shows how those two numbers have compared over time.

Capital One Kids Savings Account

Capital One’s second savings product is the Kids Savings Account. Parents control it, and it is open to children under 18. There is no minimum age, so a parent can open one for a newborn. Like 360 Performance Savings, it has no monthly fee and no minimum balance.

• Electronic transfers: parents can link their own accounts to pay allowances or set up regular contributions.
• Multiple accounts: a child can hold separate accounts for separate goals, such as one for college and one for a tablet.
• Parental controls: the child can view the balance online, but transfers need a parent or guardian to sign in.

The Kids Savings Account has carried a lower APY than 360 Performance Savings. Some banks and credit unions offer youth accounts with noticeably higher rates, though they may require a larger opening deposit. If the account is meant to hold a meaningful sum, compare it against youth accounts elsewhere before opening.

Is Capital One 360 Performance Savings a High-Yield Savings Account?

Capital One markets 360 Performance Savings as a high-yield account, and it has typically paid well above the FDIC national savings average. Whether it qualifies as high-yield for you depends on the comparison you choose. Against the national average, it has been far ahead. Against the top online savings rates, it has usually trailed. Our high-yield savings account rate comparison shows where the leading APYs sit.

Pros

• One rate at every balance. A $50 deposit earns the same APY as $50,000. There are no tiers and no balance requirement.
• No fees and no minimum. Nothing is deducted from interest, so the posted APY is what you earn.
• Unrestricted withdrawals for now. The six-transfer limit is not being enforced.
• Free goal-based sub-accounts. Open as many as you need without extra cost.
• A large, established bank. Capital One was founded in 1994. It ranks among the 10 largest U.S. commercial banks on the Federal Reserve’s list, and its deposits carry FDIC insurance up to $250,000 per depositor, per ownership category.

Cons

• Usually not the top rate. The best online banks have often paid more.
• Variable pricing. The APY you open with can fall without warning.
• Few branches. Capital One is mainly a digital bank. It runs branches and Capital One Cafés only in select states, so most customers bank online, by app or by phone.
• No card access. Cash comes out by transfer, not at an ATM.
• Low rate on Kids Savings.
• Easy access cuts both ways. Unlimited transfers make it simple to dip into savings meant for a specific goal.

Moving Money In and Out

Linking an External Bank Account

You can connect an account at another bank, such as Bank of America, Chase or a credit union, to move money between it and 360 Performance Savings. Many people keep checking at their existing bank and use Capital One only for savings.

How to Withdraw

The savings account has no debit or ATM card. You withdraw by transferring money to another account, either a Capital One checking account or a linked external account. You can request a transfer online, in the app, by calling customer service, or in person at a branch where one exists.

To spend directly or use ATMs, pair the savings with a checking account. Capital One accounts that include a debit card are 360 Checking, MONEY Teen Checking, Total Control Checking and Simply Checking.

Transfer Timing

Weekends and federal holidays are not business days. An external transfer started on a Friday afternoon or before a holiday can take longer to arrive. If you rely on these funds for emergencies, a Capital One checking account receives money fastest.

Opening a 360 Performance Savings Account

You can open 360 Performance Savings on its own, without a Capital One checking account. The application asks for:

• Contact information (address, phone, email)
• Driver’s license number
• Social Security number
• Date of birth

You don’t need an opening deposit. To earn interest from the first day, fund the account by linking an external account or by mobile check deposit.

Alternatives to Capital One Savings

Other High-Yield Savings Accounts

Online banks and credit unions compete on savings rates. Some have paid more than Capital One, sometimes with conditions such as a minimum balance or a monthly activity requirement.

Checking Account

Checking is built for bills and everyday spending, with a debit card and ATM access. Some interest checking accounts pay a yield, though the national interest checking rate sits well below the savings average. Checking works best alongside a savings account rather than as a replacement for one.

Money Market Account

A money market account combines savings and checking features. It may offer check writing or an ATM card and sometimes a competitive APY. Watch for higher minimum balances or fees that can erase the rate advantage.

Certificates of Deposit

A CD locks a fixed rate for a set term, which protects you if savings rates fall. Capital One offers CDs with flexible terms and no minimum deposit. Withdrawing before maturity costs three to six months of interest, depending on the term. Compare current terms on our CD rates page.

I Bonds

U.S. Treasury Series I savings bonds pay a rate that adjusts with inflation. You can’t redeem them during the first 12 months. Cashing out before five years forfeits the last three months of interest. Electronic purchases are capped at $10,000 per person per calendar year.

Treasury Bills

T-bills are short-term federal debt sold at a discount, with terms from a few weeks to one year. Their interest is exempt from state and local income tax, which can give them a higher after-tax yield than a savings APY in high-tax states. They take more steps to buy and sell than a savings transfer.

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