Do you want to learn about all the features of the Capital One savings account? Responsible Economy has conducted a thorough analysis of the Capital One savings account, covering interest rates, fees, requirements, and everything you need to know. Additionally, we provide a comparison with the best savings accounts you can open in 2023. Welcome!
Explicative video
We’ve created a video that provides a concise and straightforward overview of all the features of the Capital One 360 Performance Savings account. If you find our content valuable, consider supporting us with a subscription to receive daily videos. Your support will enable us to continue providing informative and helpful content. Thank you for being a part of our community!
Rates
The most crucial aspect of any savings account is the interest rate it offers. Capital One’s 360 Performance Savings Account stands out with an impressive interest rate of 4.30%.
As you’ll see in the comparison we’ll present later, it is the savings account with the highest interest rate among the options available.
How much money can we save?
All the money in our Capital One savings account earns a competitive interest rate of 4.30%. This implies that if we keep $100,000 in the account for an entire year, we would generate a profit of $4,300. That’s not bad, right?
The potential earnings depend on both the duration of time and the amount of money we have in the account. The longer we keep our savings and the larger the sum, the more we stand to earn. And it’s important to note that this savings account consistently maintains an attractive interest rate of 4.30%.
Features
We’ve put together a summary table outlining the key features of the Capital One savings account:
| Information | Description |
|---|---|
| Rates | 4.30% APY |
| Fees | $0 |
| Minimum deposit | $0 |
Best savings accounts in 2023
Below is a comparison of Capital One’s 360 Performance Savings Account with the best savings accounts available in the United States in 2023:
- 4.05% APY
- Minimum deposit: $100
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Welcome bonus: $100
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.50% APY
- Minimum deposit: $0
- Welcome bonus: $250
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Member FDIC
- No welcome bonus
- 4.30 APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
Video with the best savings accounts
We’ve created a video showcasing the top savings accounts that you can open in the United States:
Fees
The Capital One savings account is fee-free. There are no charges for account opening or monthly maintenance. You have the option to open the account and leave it unused without incurring any fees.
Requirements
Here’s the list of all the requirements that you must meet:
- Must be over 18 years old.
- Reside in the United States.
- Minimum balance: $0. There’s no need to deposit money when opening the account or maintain a minimum balance.
- Possess a valid Social Security number.
- Have an American phone number.
Pros and Cons
Here’s a table outlining the advantages and disadvantages of the Capital One 360 Performance Savings Account compared to the best savings accounts available in the United States in 2023:
| Pros | Cons |
|---|---|
| High interest rate | |
| No fees | |
| No minimum deposit |
Conclusion and opinions
After conducting a thorough review, our opinion is that the Capital One savings account is indeed competitive due to several positive factors. The account stands out with its high-interest rates, lack of monthly fees, no minimum deposit requirement, and its widespread network of branches and ATMs across the United States.
However, it is important to note that there are other banks that offer savings accounts with even higher interest rates. While the Capital One account has its advantages, some competitors might provide better returns on savings for certain individuals.
More information about Capital One
We have made a table with interesting information about Capital One:
| Information | Description |
|---|---|
| Website | https://www.capitalone.com/ |
| https://www.facebook.com/capitalone/ | |
| YouTube | https://www.youtube.com/user/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.
- Savings account: Capital One savings account.
- Checking account: Capital One 360 checking account review.
- Capital One Student checking account.
- Capital One credit cards:
Frequent questions
Here we answer all the questions you may have about the Capital One 360 Performance savings account:
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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