Picture by Adobe Inventory; Illustration by Tiffany Herring
Capital One is a full-service on-line financial institution that gives high-yielding financial savings accounts for adults and youngsters. Though you’ll find barely larger yields elsewhere, Capital One’s rates of interest are a lot larger than these supplied by most different large banks and the accounts are simply accessible.
Capital One is named a know-how chief. A Capital One financial savings account ought to solely take round 5 minutes to open on-line, and you may entry your cash 24/7 via on-line banking or the cell banking app. Moreover, there isn’t a minimal deposit required and no month-to-month price together with the excessive yield supplied.
Capital One earned 4.7 out of 5 stars in Bankrate’s evaluate throughout its deposit merchandise, and its financial savings accounts earned a rating of 4.4 out of 5 stars. Capital One was additionally named the Finest Massive Financial institution as a part of the 2024 Bankrate Awards.
Capital One financial savings account rates of interest
Capital One gives a regular financial savings account for adults, referred to as the 360 Efficiency Financial savings, in addition to an account designed for minors:
| Account identify | APY | Minimal deposit |
|---|---|---|
| 360 Efficiency Financial savings | 4.25% | No minimal |
| Children Financial savings Account | 2.50% | No minimal |
Be aware: Annual proportion yields (APYs) proven are as of June 7, 2024 and will fluctuate by area for some merchandise.
How Capital One’s financial savings account compares to top-yielding banks
Whereas the yield on Capital One’s 360 Efficiency Financial savings account is extremely aggressive, it’s doable to search out larger charges elsewhere. EverBank, for instance, gives the next APY and expenses no month-to-month charges with no minimal quantity required to open its EverBank Efficiency Financial savings account.
Earlier than selecting the place to stash your financial savings, evaluate the perfect financial savings account charges. With the next rate of interest, you’ll be able to set your self as much as obtain your monetary targets a bit quicker.
Different financial savings choices at Capital One
Along with the 360 Efficiency Financial savings, Capital One gives a Children Financial savings Account geared towards kids, to assist get them into the behavior of saving. The Children Financial savings Account has no minimal stability requirement and is fee-free, though its yield is way decrease than the 360 Efficiency Financial savings Account.
For these savers in search of different choices, Capital One CDs provide phrases from six months to 5 years, every with no minimal stability requirement.
