Capital One 360
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.25% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 1.10% | 2-year CD | 24 Month CD |
| 0.90% | Checking | 360 Checking 0.13% - National Average |
Capital One 360 is an online banking subsidiary of the Capital One Financial Corporation, a financial holding company publicly traded on the New York Stock Exchange (Symbol: COF). The web-only bank officially took over ING Direct in 2012 and offers an array of depository banking and lending products, in addition to its brokerage platform. The Capital One 360 branding was first introduced at the end of 2012.
In its depository banking repertoire, the direct bank has personal checking, savings, and Certificate of Deposit (CD) accounts, as well as business savings and CD accounts. On the personal side, Capital One 360 offers a fee free checking account that is part of an extensive ATM network and comes with a free MasterCard debit card. The teen checking account is basically the same account, but adds a joint owner. Both accounts are attractive because they earn interest and make the switch from brick and mortar bank checking to Internet checking very smooth with mobile deposits and widely accessible ATMs. The online savings account offers one of the top interest rates in the country and has no fees and an automatic savings plan option to encourage the process. CDs are offered in term lengths ranging from 6 to 60 months and come with fixed interest rates.
Capital One’s Sharebuilder provides a trading platform where customers can perform cheap stock trades or look up reports on various investments from independent analysts. On the business side, a savings account is available that offers up to 3 authorized signers who can function as account owners.
Capital One 360 online banking provides a secure and sophisticated platform for account owners to manage their deposit, loan, and business accounts with Capital One. The bank’s site is optimized for both desktop and mobile use, and enables users to complete account management items like money transfers, balance reviews, bill pay, ATM search, and transaction history viewing. Mobile apps are attractive and make it easy to bank while on the run from a smartphone or tablet device.
Capital One 360 is the product of Capital One Financial Corporation’s 2012 acquisition of ING Direct, which was created in 2000. Capital One’s business model focused on consumer lending before 2005, until it decided to branch out into the retail banking business. Its acquisition of ING Direct considerably helped those efforts, making it one of the biggest online banks in the country. Capital One 360 is currently headquartered in McLean, Virginia, and serves its customers exclusively through its online banking platform.
Related Posts
3/18 - Capital One 360 Launches New Money Market Account
3/18 - 360 Money Market: Up To 1% APY
1/13 - Capital One 360 Makes 12-Month CD Competitive
1/13 - 12 Month CD 1.30%
11/19 - Safety of Your Money at Banks - Fraudulent Transfers
7/22 - Earn Up To A $500 Bonus At Capital One 360 - Extended To 9/30/2015
6/18 - Faster Access To Your Capital One 360 Deposits
6/1 - Earn Up to a $500 Bonus at Capital One 360
5/22 - Capital One 360 Launches Savings Bonus
5/22 - Up To $500 Bonus - Open New Savings Account With $5000+ Before Midnight 15 July 2015
5/18 - Capital One 360 Raises CD Rates For First Time In Over 2 Years
5/12 - Capital One 360 CD Rate Bumps. Quick Look.
2/9 - Capital One 360 Increases Top-Tier Rate of Its Checking Account
7/25 - Capital One 360 Or Ally Bank???
7/25 - More Merging of Capital One 360 and Capital One Bank
7/1 - Capital One 360’s Financial Independence Days Sale
6/25 - Preview of Capital One 360’s Financial Independence Days Sale
2/6 - $50 Bonus With Capital One 360 Savings Account
11/25/13 - Capital One 360’s 2013 Black Friday Sale Preview
11/22/13 - Capitalone 360 Is Going To Have Banking Bonuses Nov 29 - Dec 2, 2013
7/1/13 - Capital One 360’s Financial Independence Days Sale Has Begun
7/1/13 - Capital One 360’s Financial Independence Days Sale Begins
6/27/13 - Free Book Of 50 Checks From Capital One 360
6/26/13 - Capital One 360’s Financial Independence Days Sale
5/29/13 - Capital One 360 Replacing Customer Debit Cards
4/19/13 - Capital One 360 Announces Changes Including Bigger Refer-a-Friend Bonus
2/1/13 - ING DIRECT Is Now Capital One 360
11/20/09 - ING Direct's Black Friday CD and Electric Orange Checking Specials
7/9/09 - Update on ING Direct's Electric Orange $50 Promotion
4/24/08 - Update on ING Direct CDs
1/29/08 - Capital One's 4.00% 12-month Checking Account Deal in Central Texas Ends Thursday
11/20/07 - ING Direct Acquires ShareBuilder
9/26/07 - $50 Bonus for ING Direct Orange Savings Account
7/12/07 - Is This How Banks Will Make Money from the Reward Checking Accounts?
5/6/07 - ING Direct Raises Checking Account Mid-Tier Rate to 5.25%
4/27/07 - 5.25% 9-Month CD at ING Direct
7/19/06 - Capital One High Yield Money Market Rises to 5.00%
6/30/06 - ING Direct's Savings Account Now 4.35% - Lagging Continues
6/28/06 - Capital One High Yield Money Market Rises to 4.75%
6/14/06 - CapOne/Costco Money Market Now 4.77% Plus New $50 Bonus
5/31/06 - ING Direct Savings Account Now 4.25% - History of Lagging?
5/3/06 - Capital One High Yield Money Market Rises to 4.55%
4/29/06 - ING Direct's 5.25% 12-Month / 5.00% 9-Month CD
4/19/06 - ING Direct / VirtualBank Referral Bonuses
4/17/06 - ING Direct Sale is Over - Now What?
4/15/06 - ING Direct Raises All 12-Month and Longer CDs to 5%
4/5/06 - New ING Direct CD Rates - 4.75% 9-Month
3/31/06 - ING Direct Raises Non-Promo Savings Account APY to 4%
3/29/06 - ING No Longer Showing the 4.75% Promo - What's Next?
2/4/06 - ING Direct Increases Yields Slightly on CDs
1/23/06 - ING Direct Reduces Rates on Most CDs
1/19/06 - ING's Save Up Sale: 4.75% Savings Rate
12/31/05 - ING Direct Savings Now 3.80%
10/25/05 - Slight Rise in ING Direct's Long Term CDs
10/23/05 - New 4.5% Money Market Account
10/13/05 - ING Direct's Answer To EmigrantDirect?
9/2/05 - ING Direct Again Lowers Long Term CD Rates
360 Degrees of Awesome
I have been using Capital One 360 for about 10 years now going back to the time when it was known as ING Direct. At first, I only used it for a savings account since they had a higher than average interest rate. However, about 5 years ago, I also opened up a checking account with them. I still used my traditional bank checking account; however, this past year I grew very unsatisfied with my bank and moved all of my assets to Cap One 360. Since then, I have been extremely happy. I have been living as a visitor in Canada and my old bank was charging me international use fees - not the case with Cap One 360. Also, their no-overdraft charge policy has been fantastic and very useful for me (I cut it close sometimes in my travels).
On the few occasions that I've had to call customer service I have always dealt with pleasant, easy to understand and very helpful representatives. Talking to them has actually been pain-free and pleasant as opposed to a real pain in the butt like other banks have been. I closed each call feeling like I accomplished what I intended and dealt with an understanding person as opposed to a large bank/employee just saying the company line. I will continue to use Cap One 360 checking/savings for the foreseeable future as I have remained very satisfied so far.
A Great Online-Only Bank
I have a checking account through Capital One 360. I had felt some reluctance to start banking with an internet only bank, but it's gone very well. Setting up the account was quick and painless, and they were able to get me my debit card and checks in a timely manner. Direct deposit was set up through my work, just like any other bank. Their network of ATM affiliates was extensive and really made me feel like I might as well have had a local bank. I really don't go into a bank branch location anyway, so not having a person I could physically talk with didn't affect me much. As national banks start to go away from employing tellers, I believe banks like this will become more prominent.
Satisfied Customer
I have a checking account and savings account with Capital One 360. Originally, my account was through ING Direct, and I'm pretty sure it was still the 90s when I signed up. I was a loyal customer with ING, but mostly used that account as my emergency funds. Since the changeover to Capital One 360, though, they've become more of a primary sort of bank.
Their check depositing system is fantastic - take pictures of the front and back of the check and whoosh them across the internet and within a few days the money is in the account. Sometimes faster than with typical brick-and-mortar type bank locations, even. Once it is deposited, they'll send an email telling you to destroy the check.
I have not had occasion to need their customer service in many years, but the one time I did need the help of an ING service agent, they were helpful enough and the situation was resolved quickly.
My Favorite Bank
Capital One 360 is a great bank. There's no fees and it extremely easy to use online. After your first 3 purchases they give you $50. How can you beat those deals. And there customer service is easy and great. I will always use Capital One 360.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4297 |
| Year Established | 1933 |
| Employees | 28833 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 4.08% |
| Annual Interest Income | $5.19B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $278.7B$255.3B |
| Loans | Q2 2016vs Q2 2015 | $153.4B$138B |
| Deposits | Q2 2016vs Q2 2015 | $208.5B$196.7B |
| Equity Capital | Q2 2016vs Q2 2015 | $36.26B$35.34B |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $2.23B$1.75B |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.20B$1.85B |
| Real Estate Owned | Q2 2016vs Q2 2015 | $93.1MM$125.7MM |
Always verify rates and promotions with the bank or credit union. We are not Capital One 360; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Capital One 360 Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | 360 Savings Account | |
| 0.75% | - | - | Kids Savings Account | |
| 0.75% | - | - | IRA Savings |
Capital One 360 Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $10k* | - | 360 Money Market | ||
| OTHER TIERS: 0.60% → Up to $10k | |||||
Capital One 360 Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.90%* | $100k* | - | 360 Checking | ||
| OTHER TIERS: 0.20% → Up to $50k | 0.75% → $50k - $100k | |||||
| 0.25% | - | - | MONEY | ||
Capital One 360 CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | - | 60 Month CD | |
| 1.10% | - | - | 24 Month CD | |
| 1.10% | - | - | 30 Month CD | |
| 1.10% | - | - | 36 Month CD | |
| 1.10% | - | - | 48 Month CD | |
| 0.90% | - | - | 6 Month CD | |
| 0.90% | - | - | 9 Month CD | |
| 0.90% | - | - | 12 Month CD | |
| 0.90% | - | - | 18 Month CD |
Capital One 360 IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | - | 60 Month IRA | |
| 1.10% | - | - | 24 Month IRA | |
| 1.10% | - | - | 30 Month IRA | |
| 1.10% | - | - | 36 Month IRA | |
| 1.10% | - | - | 48 Month IRA | |
| 0.90% | - | - | 6 Month IRA | |
| 0.90% | - | - | 9 Month IRA | |
| 0.90% | - | - | 12 Month IRA | |
| 0.90% | - | - | 18 Month IRA |
Capital One 360 is an Internet only bank and does not have branch locations. Its headquarters is located at 1680 Capital One Drive - Mclean, VA 22102