Capital One CD Rates (Up to 5.15%)

Capital One CD Rates (Up to 5.15%)

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Compared to other major US banks, Capital One 360 stands out with some of the best CD rates available in the market. This online bank also boasts a straightforward approach, offering traditional CDs with terms ranging from six months to five years.

Capital One CD Rates

Capital One 360 CDs offer an impressive 3.90% to 5.15% APY. One of the standout features of Capital One is that it offers CDs with a minimum deposit of $0. This means that you can open a CD regardless of the amount of money you have.

Capital One CD rates consistently outperform the average CD rates regardless of the term you choose. Let’s take a look at the current Capital One CD rates:

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Capital One CD Rates Pros and Cons

Let’s dig deeper into the pros and cons of Capital One 360 CDs:

• Pros:
  • Competitive rates across various terms
  • $0 minimum deposit requirement
  • Convenient online account management
• Cons:
  • Limited CD terms compared to other banks
  • No additional CD options such as No-Penalty or Raise Your Rate CDs

Capital One 360 CD FAQs

• Can I open a Capital One CD with $0? Yes, Capital One is one of the few banks that allows you to start a CD with no minimum deposit.

• Can I withdraw money from a Capital One CD before it matures? Yes, you can withdraw funds from your Capital One CD before it matures. However, early withdrawal penalties may apply.

• Are the Capital One CD rates variable or fixed? The interest rates on Capital One CDs are fixed, meaning they will not change during the term of the CD.

How Capital One CD Rates Compare

Let’s compare the CD rates of Capital One with other popular banks:

Capital One CD Rates vs. Ally CD Rates

Both Capital One and Ally Bank offer the unique advantage of opening a CD with $0. When it comes to interest rates, Capital One generally offers higher rates for most terms. However, Ally CD rates may be more appealing if you specifically need a 9-month CD. Ally also offers additional CD options such as a No Penalty CD and Raise Your Rate CD.

Capital One CD Rates vs. Marcus CD Rates

Choosing between Capital One and Marcus CD rates depends on your preferred term. Marcus CD rates are typically higher for short-term CDs under one year, while Capital One’s rates are more competitive for long-term CDs over four years. Additionally, Marcus requires a $500 minimum deposit to open a CD. If you don’t have that much cash available, Capital One is the clear choice.

Why You Should Trust Us: How We Reviewed Capital One 360 CDs

Our ratings are based on a zero to five-star scale. When reviewing Capital One 360 CDs, we consider multiple factors such as interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and the company’s ethics. Rest assured that our review process is thorough and reliable.

In conclusion, Capital One 360 offers some of the best CD rates in the market, with the added benefit of a $0 minimum deposit requirement. Their straightforward approach makes it easy to manage your CDs online. However, it’s important to compare rates and terms to ensure you choose the CD that aligns with your financial goals.

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