Do you want to know all the features of the Capital One savings account? Responsible Economy analyzes all the features offered by the Capital One savings account: interest rates, fees, requirements and everything you need to know. In addition, we show you a comparison with the best savings accounts that you can open in 2023. Welcome!
Rates
The most important feature of any savings account is the interest rate it offers. Capital One’s 360 Performance Savings Account offers an interest rate of 3.40%.
In the comparison that we will show later, you will see that it is the savings account with the highest interest.
How much money can we save?
All the money we have in the Capital One savings account is remunerated at 3.40%. This means that if for a whole year we have $100,000 in the account, this will give us a profit of $3,400. It’s not bad, is it?
The money we can earn will depend on how long we have the savings in the account and the amount of money.
The more money and more time, the more we will earn. Of course, this savings account always has an interest rate of 3.40%.
Features
We have made a summary table with the main characteristics of the Capital One savings account:
| Information | Description |
|---|---|
| Rates | 3,40% APY |
| Fees | $0 |
| Minimum deposit | $0 |
Best savings accounts in 2023
Here’s a comparison of Capital One’s 360 Performance Savings Account with the best savings accounts you can open in the United States in 2023:
- 4,05% APY
- Minimum deposit: $100
- No welcome bonus
- Member FDIC
- 3,75% APY
- Minimum deposit: $0
- Welcome bonus: $100
- Member FDIC
- 3,75% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 3,75% APY
- Minimum deposit: $0
- Welcome bonus: $250
- Member FDIC
- 3,60% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 3,40% APY
- Minimum deposit: $0
- Member FDIC
- No welcome bonus
- 3,40 APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
Video with the best savings accounts
We have made a video with the best savings account that you can open in the United States:
Fees
The Capital One savings account has no fees. Both the opening of the account and the monthly maintenance is free. You can open the account and never use it and you will not pay anything.
Requirements
We have made a list with all the requirements that you must meet:
- Must be over 18 years old.
- Live in the United States
- Minimum balance: $0. It is not necessary to deposit money when opening the account or have a minimum balance.
- Have Social Security number
- Have an American phone
Pros and Cons
Once we have seen all the features of the Capital One 360 Performance savings account and have compared it with the best savings accounts, it is time to see a table with all the advantages and disadvantages:
| Pros | Cons |
|---|---|
| high interest rate | |
| No fees | |
| No minimum deposit |
Conclusion and opinions
After all the review, our opinion is that the Capital One savings account is competitive because the interest rate it offers is high, it does not have monthly commissions, there is no minimum deposit required and it has a high number of branches and ATMs in United States. On the other hand, there are banks that offer savings accounts with higher interest rates.
Frequent questions
Here we answer all the questions you may have about the Capital One 360 Performance savings account:
More information about Capital One
We have made a table with information of interest about Capital One:
| Information | Description |
|---|---|
| Website | https://www.capitalone.com/ |
| https://www.facebook.com/capitalone/ | |
| https://twitter.com/capitalone | |
| Phone | 1-800-289-1992 |
Anothers product of Capital One
You also have a list with more Capital One products:
- Certifate of deposit: Here you have a Capital One CD review.
- Checking account: Capital One 360 checking account review.
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Updated the day 17 February, 2023 by Alfredo Barandiarán
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