About Capital One
Capital One was founded in 1994 when Signet Financial Corporation spun off its credit card division. In 2005, it purchased Hibernia National Bank and entered retail banking. It is the 12th largest bank in the country by assets and operates more than 750 branches and 2,000 ATMs throughout the country.
Capital One Overview
Capital One offers several CDs with varying terms and competitive APYs. One of its most popular products is its 360 Performance Savings, which has a highly competitive APY, no monthly fees, and low opening requirements. Although Capital One does operate more than 750 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia, and Washington, D.C., its accounts are easily opened and managed through its website or mobile app.
| Competitive CD yields. | Branches only available in six states and Washington, D.C. |
| No minimum opening deposits on savings and checking accounts. | |
| Large network of branches in states it operates in. | |
| Access to more than 70,000 Capital One and MoneyPass network ATMs. |
Capital One Product Offerings
Savings Accounts
A savings account is a deposit account at a bank or credit union that insures your principal up to the FDIC or NCUA limitations and generally pays a modest interest rate. Capital One offers its highly-popular 360 Performance Savings and Kids Savings account which both offer excellent APYs and are easily opened and managed online. Here is the most current Capital One savings account information for April 2025:
Checking Accounts
Capital One offers two low-cost personal checking accounts with little to no opening balance requirements, no monthly service charges, and peer-to-peer services provided by Zelle. The accounts offered are excellent for day-to-day use backed by one of the largest banks in the country.
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period of time, known as a term. Capital One offers CDs with terms ranging from 6-months up to 5-years. They offer excellent APYs across all term offerings. Here are some of their top CD accounts for April 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: Domestic - $30 for incoming and outgoing; International - Call or visit a branch for details
Non-network ATM fee: None
Monthly service charge: None
Stop payment fee: None
Paper statement fee: None
Capital One Features
Capital One has a very comprehensive and useful website and mobile app that allows customers to manage their accounts online and handle most transactions. They have a customer service phone line that operates from 8am to 8pm EST, 7 days a week.
Capital One FAQs
Our Take
Capital One doesn't operate in too many states but makes up for it with a robust and easy-to-use mobile app and website that makes opening and managing an account fairly easy. It offers excellent savings, checking, and CD accounts with highly competitive APYs, no minimum opening requirements, and no monthly serious charges, making it an ideal bank for individuals looking to have their money work as hard as possible while keeping costs as low as possible as well. It's a really good banking option and a bank that can be beneficial to almost everyone.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.