Capital One 360 CD Rates – 1 Year APY 4.15%
Capital One 360 CD rates are very competitive for an online bank and blow traditional brick and mortar bank CD rates right out the water. The current CD rates offered by Capital One Bank range from 3.30% APY for a 3-month term to 4.40% APY for a 60-month term.
There is no minimum opening deposit when opening a CD with Capital One Bank. The bank also offers the option to withdraw funds before maturity, however, this may result in a penalty.
Capital One CD Rates
9 Months 3.30% APY
A certificate of deposit (CD) is a type of savings account offered by banks and financial institutions, including Capital One Bank. CDs offer a fixed interest rate for a set period of time, known as the term, and are generally considered a low-risk investment option. Capital One Bank offers a range of CD options, each with its own set of rates and terms.
One of the key benefits of a CD is that it offers a fixed interest rate, which means that the rate will not change during the term of the CD. This makes it an attractive option for individuals looking for a stable investment with a guaranteed return. CDs also offer higher interest rates than traditional savings accounts, providing an opportunity for savers to earn more on their deposited funds.
Capital One Bank has a history of over 30 years, it was founded in 1988 as a credit card company and later on expanded to banking and lending services. The bank is known for its innovative products and services, including its 360 Performance Savings account, which offers a high-yield interest rate and no fees.
In addition to CDs, Capital One Bank also offers a range of other financial products and services, such as checking and savings accounts, credit cards, auto loans, and mortgages. The bank also provides a variety of digital tools and resources, including mobile banking and online account management, to help customers manage their accounts and achieve their financial goals.
In conclusion, a CD is a low-risk investment option that offers a fixed interest rate and a guaranteed return. Capital One Bank offers a range of CD options with competitive rates and terms. It's important to consider the length of the term, the minimum deposit and any penalties associated with early withdrawal before opening a CD account. Additionally, Capital One Bank has a history of over 80 years and offers a range of financial products and services, as well as digital tools and resources to help customers manage their accounts and achieve their financial goals.
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