Capital One 360 Certificate of deposit

Would you like to read a comprehensive review of the Capital One 360 Certificate of Deposit? At Responsible Economy, we have conducted a thorough analysis of its features, including interest rates, terms, fees, and everything you need to know. Additionally, we provide a comparison of the top certificates of deposit available in the United States in 2023, along with an informative video. We warmly welcome you to explore and learn more!

Explicative video

We have created a concise and user-friendly video that summarizes all the key features of the Capital One 360 Certificate of Deposit. If you find our content valuable and informative, we encourage you to support us by subscribing to our channel. By doing so, you’ll receive daily videos covering a wide range of topics. We appreciate your consideration and look forward to providing you with regular, valuable content.

Capital One certificate of deposit

Features

We will begin the article by examining the various characteristics of the Capital One 360 Certificate of Deposit:

Fees

One of the notable features of this certificate of deposit is that it does not have any monthly fees. Additionally, there is no requirement for a minimum monthly balance, providing flexibility for account holders.

Yield

The returns on the Capital One 360 Certificate of Deposit vary based on the term length you select. We have prepared a table that outlines the available terms and the corresponding returns offered by Capital One:

CD TERMANNUAL PERCENTAGE YIELD (APY)
6 Months4.30%
9 Months4.30%
12 Months5.00%
18 Months5.25%
24 Months4.40%
30 Months4.30%
36 Months4.30%
48 Months4.20%
60 Months4.10%
Capital One 360 Certificate of deposit terms and yields

Minimum deposit

The Capital One 360 Certificate of Deposit does not require a minimum deposit to open the CD. This feature provides flexibility for individuals who may not have a large initial amount to invest but still want to take advantage of the benefits of a certificate of deposit. Whether you’re starting with a small sum or have the ability to deposit a larger amount, Capital One accommodates a wide range of deposit sizes for their CD offering.

Terms

You have the option to choose terms for the Capital One 360 Certificate of Deposit ranging from 6 months to 60 months. This wide range of available terms allows you to select the duration that best aligns with your financial goals and preferences. Whether you prefer a shorter-term investment or a longer commitment, Capital One offers a variety of term lengths to suit your needs.

Best banks to open a CD in 2023

We have made a comparison of Capital ONE’s 360 CD with the best banks to open a CD in 2023:

Logo capital One CDs
  • 5.25% APY
  • Minimum deposit: $0
  • Term: 18 months
  • Member FDIC
Marcus by Goldman Sachs
  • 5.10% APY
  • Minimum deposit: $500
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 5.00% APY
  • Minimum deposit: $1,000
  • Term: 6 months
  • Member FDIC
synchrony-bank-logo
  • 5.40% APY
  • Minimum deposit: $0
  • Term: 16 months
  • Member FDIC
Alliant Logo
  • 5.18% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 5.15% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 5.15% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 5.25% APY
  • Minimum deposit: $1,000
  • Term: 13 months
  • Member FDIC

Certificate of deposit calculator

We have created a deposit calculator for you to see the interest generated and the total earnings:

Certificate of Deposit Calculator

Can a deposit be opened without penalty?

Capital One does not offer the ability to open a CD without penalty. If you withdraw the money before the expected term, you will have a penalty in the interest to be received.

Requirements

The requirements to open a certificate of deposit with Capital One are the following:

  • Must be over 18 years old
  • Live in the United States
  • Have a Social Security
  • Have an American phone number

How to Open the Capital One 360 ​​CD

You have 2 ways to open the Capital ONE 360 deposit: online or in branches. You cannot open the deposit over the phone. If you have any questions, we recommend that you go to a branch.

Pros and Cons

After analyzing the 360 ​​Capital One CD and seeing a comparison of the best deposits, we have made a table with all the advantages and disadvantages:

ProsCons
Very high yieldswithdrawal penalty
Deadlines from 6 to 60 months
No minimum balance
Pros and Cons Capital One 360 CD

Conclusion

After conducting a comprehensive analysis, we have reached the conclusion that the Capital One 360 Certificate of Deposit is indeed one of the best CD options available in the United States. There are several compelling reasons for this assessment:

High Returns: Capital One offers competitive returns on their 360 CD, allowing individuals to potentially earn attractive yields on their investments. The specific returns vary based on the chosen term, but overall, they rank among the higher end of CD offerings.

No Fees: A significant advantage of the Capital One 360 CD is that it is free from any monthly fees. This fee-free structure ensures that account holders can maximize their returns without incurring any additional costs.

No Minimum Balance: The fact that the Capital One 360 CD does not require a minimum balance is another appealing aspect. This feature provides accessibility for individuals who may not have a large initial deposit to open the account, allowing them to start their CD investment without any barriers.

Considering these factors, it becomes evident that the Capital One 360 CD stands out as an excellent choice for individuals seeking a CD with high returns, no fees, and no minimum balance requirement. It offers a compelling opportunity for individuals to grow their savings over time while enjoying the benefits of a hassle-free and flexible investment option.

Frequent question

Now we answer all the questions you may have:

More information about Capital One

We have made a table with interesting information about Capital One:

InformationDescription
Websitehttps://www.capitalone.com/
Facebookhttps://www.facebook.com/capitalone/
YouTubehttps://www.youtube.com/user/capitalone/
Twitterhttps://twitter.com/capitalone
Phone1-800-289-1992
Interesting information about Capital One

Anothers product of Capital One

You also have a list with more Capital One products:

Related content

Finally, here you have related posts about certificates of deposit:

Updated the day 2 October, 2023 by Alfredo Barandiarán

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