How to deposit money to capital one 360

Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.

Capital One offers some of the highest interest rates of any savings products we review. Plus, you can count on keeping those returns since the bank doesn’t charge account maintenance fees.

With full-service branches in eight states plus Washington, D.C., Capital One offers a physical presence, as well as strong online tools and app experience. The company has recently introduced Capital One Cafes in big cities in eight states across the country, adding another opportunity for face-to-face interactions.

In addition to its Capital One 360 Performance Savings Account, Capital One offers nine certificate of deposit (CD) accounts, among other offerings.

If you’re looking for a place to park your money that earns decent interest but also makes it fairly accessible in case you need cash for an emergency or a down payment, it’s worth considering the many savings options Capital One provides.

We’ve got details on those products below.

Read on below to explore Capital One's many offerings.

• Competitive interest rates

• Automatic Savings Plan allows you to put your savings on autopilot

• Interest compounded monthly

• No minimum balance or deposit requirement

• Rates dependent on the term of your CD

• Terms varying from six months to five years

• Guaranteed rates and returns

• Interest compounded monthly

• 10-day rate lock guarantee if you fund your CD within 10 days

• Interest-earning accounts

• MasterCard® debit card

• Mobile check deposit

• No minimum deposits or balances required

• Interest compounded monthly

• Open an IRA through Capital One Investing or Capital One 360

• Available as Roth or traditional IRAs

• Available as individual or joint account

• No account fees or minimums

• To open a 360 IRA, you must already have another kind of 360 account

Capital One Interest Rate Comparison

Capital One Bank Overview

Capital One is one of the most recognizable banking brands not only in the U.S., but in Canada and the U.K., as well. Starting as a small business founded in 1988, the company has grown to a Fortune 500 company offering a range of banking, investing and credit options and more. It also offers a number of personal finance education services and materials.

The company promises a convenient and valuable experience for the customer it serves. With its wide variety of financial offerings, it can certainly be convenient for you if you’re looking to keep all your accounts in one place. For example, you can open a Capital One credit card and a Capital One IRA, gaining the ease of working with only one institution. Plus, you can easily manage any and all accounts by going online, calling or visiting one of their many physical branches.

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Capital One offers nine certificate of deposit (CD) terms, ranging from six months to 60 months. The bank’s CD rates are very competitive among online banks. There’s no minimum deposit requirement to open a Capital One 360 CD.

Here’s an overview of Capital One’s 360 CD rates. Rates are accurate as of Dec. 2, 2022.

Overview of Capital One 360 CDs

Capital One 360 CDs have no minimum deposit requirement. This makes them a flexible option for savers who are just starting out—you can open a Capital One 360 CD regardless of the amount of money you have ready to save. Interest is accrued daily and compounded and paid monthly throughout the CD term.

Capital One’s 360 CDs are very competitive with the best CD rates on the market.

If you need to take money out of your CD during the agreed-upon term, you’ll have to pay a penalty for early withdrawal ranging from three months of earned interest to six months of earned interest.

How Much Can You Earn With Capital One’s 360 CD Rates?

Before you decide to invest in a CD, calculate the yield you will gain from committing your money to this account. Here’s what you can earn with Capital One’s 360 CDs with a $10,000 investment and earnings compounded monthly:

How Capital One’s CDs Compare

Capital One’s 360 CD rates are among the best available, and far better than the national average CD rates, according to data from the FDIC.

If you want to get the best CD rates, be sure to do your research. Compare CD rates to see which banks or credit unions offer the highest APY. Also, compare minimum deposit amounts and term lengths. These are a few of the factors to consider to find a CD that delivers the highest possible return on your investment and supports your financial goals.

About Capital One

Capital One is a full-service bank. It’s mainly considered an online bank, although it also has brick-and-mortar branches and Capital One Cafés in select locations. Capital One is well known for its credit cards—you may recall its “What’s In Your Wallet?” TV commercials—and entered the full-service banking world by purchasing ING Direct in 2012, when it rebranded its services as Capital One 360.

Frequently Asked Questions (FAQs)

A certificate of deposit (CD) is a time deposit account that pays interest. Unlike a savings account that allows you to take your money out at any time, a CD requires you to commit your money for a specified term.

The bank keeps your money locked up in the CD and pays you interest at an agreed-upon rate during the term of the CD. After the CD’s term is up, you can renew the CD, reinvest the money into another CD or withdraw the money.

Think carefully before you decide to put money into a CD. It can be the right choice for short-term savings if you want safety, but most CD rates in the current environment are low and may not help your money grow.

CDs are generally considered to be one of the safest investments. That’s because they pay a guaranteed rate of interest and are insured at banks by the FDIC.

If you’re saving for a short-term goal—like a down payment on a new house or a wedding—a short-term CD can help you keep that money safe. You may also earn a higher yield than you would get from a traditional savings account.

Are there different types of CDs?

Many banks offer one type of CD, a fixed-rate CD that pays a fixed rate of interest. However, several other types of CDs may be offered by banks or credit unions, such as no-penalty CDs, jumbo CDs and add-on CDs.

Where can I deposit a check into my Capital One 360 account?

What ATM can I use for Capital One 360?