Capital One is a full-service online bank that offers savings accounts for adults and children. You can find higher returns elsewhere, but Capital One has higher rates than some other major banks, and accounts are easy to get.

Capital One is known as a technology leader. It takes five minutes to open a Capital One savings account online, and you can access your funds 24/7 via online banking or mobile banking apps. Also, there are no minimum deposit requirements and no monthly fees.


Capital One’s deposit product received a 4.6 out of 5 stars, and its savings account received a top score of 5 out of 5 stars in Bankrate’s review.

Capital One Savings Account Interest

Capital One offers Standard Adult Savings Accounts, 360 Performance Savings Accounts, and Minor Accounts:

Account name APY Minimum deposit
360 Performance Savings 0.60% No minimum
Kids Savings Account 0.30% No minimum

How Capital One’s Savings Account Compares to High Yield Banks

The returns on Capital One’s 360 Performance Savings account are competitive, but it’s also possible to find better rates elsewhere. For example, Bread Savings (formerly Comenity Direct) offers a higher APY and has no monthly fee, although it costs $100 to open an account.


Compare the best savings account rates before deciding where to put your savings. With higher interest rates, you can expect to reach your financial goals faster.

More ways to save at Capital One

In addition to 360 Performance Savings, Capital One offers kid-focused savings accounts for kids to help them get into the habit of saving.

For savers looking for other options to achieve their financial goals, Capital One CDs offer terms ranging from six months to five years, each with no minimum balance requirement.

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Jake Smith

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Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.