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Open in 5 Minutes. No Minimum Balance.

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4.25% APY†   |   360 Performance SavingsTM

Member FDIC

 Picture1Overview by Curt Fournier. Updated April 12, 2024

Boost_Bottom_LineThe Bottom Line

Capital One has a competitive rate, streamlined application, and tons of features that some online-only banks can't match.

SAVINGS ACCOUNT FEATURES†

Minimum starting deposit
$0
Minimum balance to avoid fees
$0
Minimum balance to obtain APY
$0
Compounding interest
Monthly, credited monthly
Ability to add co-applicant
Yes
Withdrawal options
Electronic funds transfer (EFT), wire transfer (fee)
Deposit options
Electronic funds transfer (EFT), check (mailed or mobile), wire transfer, cash
Branch access
Yes
Boost_Pro_TipBoost Pro Tip

Capital One has lots of extra functionality that some other smaller banks do not, such as mobile check deposit and the ability to easily open and link other Capital One deposit accounts.

Here’s what you’ll need handy when opening a Capital One 360 Performance Savings Account:

  • Social Security Number (for tax purposes only, it won’t impact your credit score)

  • Bank Account login for transferring funds

It only takes 3 minutes and you can do it right on your phone.† Questions include:

  • Contact Info (Name, Home address, Email address, Mobile phone)

  • Date of Birth

  • Citizenship (simply choose the country)

 Plus a few things they need to ask to get to know their customers:

  • Employment Status & Job Title

  • Annual Income (select an estimated range)

 All featured companies offer FDIC insurance up to the maximum allowed by federal law.

† Product terms and the application experience are based on the Capital One website as of April 12, 2024 and may have changed. Be sure to verify all terms and conditions with Capital One prior to applying.

Advertising Disclosure: We may earn a commission if you open an account with a featured company. Not all companies or offers are listed. Compare rates, fees, and terms before deciding.