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Compared to some of the other largest banks in the United States, Capital One 360 pays some of the best CD rates out there. The online bank is also fairly straightforward when it comes to its options — it has traditional CDs ranging from six months to five years.
Overview of Current Capital One CD Rates
Capital One 360 CDs pay 4.00% to 5.10% APY.
Capital One CD rates are more competitive than the average CD rate, regardless of which term you want. Here are the current Capital One CD rates:
| Term length | Annual Percentage Yield (APY) |
| Capital One 6 Month 360 CD | 4.35% |
| Capital One 9 Month 360 CD | 4.35% |
| Capital One 10 Month 360 CD | 5.10% |
| Capital One 1 Year 360 CD | 4.90% |
| Capital One 18 Month 360 CD | 4.50% |
| Capital One 2 Year 360 CD | 4.20% |
| Capital One 30 Month 360 CD | 4.10% |
| Capital One 3 Year 360 CD | 4.10% |
| Capital One 4 Year 360 CD | 4.05% |
| Capital One 5 Year 360 CD | 4.00% |
Opening a Capital One CD
You can open a Capital One CD online if you're a U.S. citizen or permanent resident who is at least 18 years old. To apply for the account, you'll need to provide basic information like a social security number, a U.S. address, and your phone number. If you want to use an ITIN number to open a bank account, you can visit a Capital One location to open an account.
Once you've opened a CD, you'll need to link another Capital One account or an external bank account. Capital One is one of the few banks that have CDs with a $0 minimum deposit, so you can open a CD regardless of how much money you have.
Are Capital One CDs Right For You?
Capital One might be a good place to open CDs if you prioritize banking with a national brand. It also has a decent range of terms, so you could build a CD ladder to protect against rate volatility. You also may have more account flexibility since you'll have access to some of your funds at different maturity points.
If you're strictly looking for the highest CD rates available, however, there may be other financial institutions with even higher rates right now.
Capital One CD Rates Pros and Cons
| Pros | Cons |
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Capital One 360 CD FAQs
Does Capital One have a 5% CD rate?
Yes. Capital One has 10-month CD paying 5.10% APY.
What are the current Capital One CD rates?
Capital One 360 CDs currently pay 4.00% to 5.10% APY.
How can I open a Capital One CD account?
You can open Capital One CD online, a branch, or a Capital One Cafe.
Is there a minimum deposit requirement for Capital One CDs?
Capital One CDs have a $0 minimum opening deposit.
Can I withdraw my money before a Capital One CD matures without penalty?
No. Capital One has traditional CDs. If you take out money from a CD before it matures, there will be a penalty.
How Capital One CD Rates Compare
Capital One CD Rates vs. Ally CD Rates
Both online banks are among the few that let you open a CD with $0.
If you're strictly looking for which one offers the higher interest rate, Ally may be a better option for more terms.
Ally also has an 11-month Ally No Penalty CD and a 2-year or 4-year Raise Your Rate CD. The latter gives you the option to increase your rate should Ally's rates go up during your term — once during the two-year term, and twice during the 4-year term.
Ally Bank Review
Capital One CD Rates vs. Marcus CD Rates
Marcus CD rates are higher for most CD terms. Also, keep in mind Marcus requires $500 to open a CD. If you don't have that much cash ready, Capital One is the clear choice.
There is also a Marcus No-Penalty CD with 7-month, 11-month, and 13-month terms.
Marcus Bank Review
Why You Should Trust Us: How We Reviewed Capital One 360 CDs
We rate bank accounts on a scale from zero to five stars. For our CD review, we used our CD methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and the ethics of the company.
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Laura Grace Tarpley (she/her) is a senior editor at Personal Finance Insider. She oversees coverage about mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She was a writer and editor for Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF).She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at ltarpley@businessinsider.com.Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
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Top Offers From Our Partners
Capital One 360 Performance Savings Annual Percentage Yield (APY): 4.35% Minimum Deposit Amount: $0
