Capital One
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.20% | Money Market | 360 Money Market 0.90% - Ally Bank Money Market Account |
| 2.00% | 5-year CD | 60 Month 360 CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
| 1.20% | 2-year CD | 24 Month 360 CD |
Capital One 360, a DepositAccounts.com advertiser, 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
8/25 - Capital One Increases 360 Money Market Rate
8/25 - Capital One Increases 360 Money Market Rate
7/25 - Big Rate Hike On Capital One 18-Month 360 CD
6/27 - Capital One Raises 360 Money Market Rate
6/27 - Capital One 360 Money Market Rate Increase
5/17 - Targeted $400 Bonus At Capital One 360
5/4 - Definitely Not A Deal
4/8 - Capital One Offers $200 Bonus For New 360 Money Market Account
3/14 - Big CD Rate Hikes at Capital One, Including 5-Year CD
3/14 - Capital One Rate Change
3/1 - Capital One Raises 1-Year 360 CD Rate to Competitive Level
2/17 - More Targeted $200 Bonuses At Capital One 360
1/12 - Targeted $200 Checking Bonus
1/7 - Rate Decrease For 12 Month CD
12/2 - $100 Bonus For Capital One 360 Money Market Account With $10K Deposit
11/9 - Capital One 360 Hikes All CD Rates
11/8 - Big CD Rate Hikes At Capital One 360
11/6 - $100 Checking Bonus
6/9 - Capital One 360 Increases CD Rates For Terms Of 24 To 60 Months
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%
10/16 - Capital One Bank Has Essential Savings 6-Month Rate Guarantee
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
10/24/14 - Capital One Bank Raises Rate On Essential Savings To Competitive Level
7/25/14 - Capital One 360 Or Ally Bank???
7/25/14 - More Merging of Capital One 360 and Capital One Bank
7/1/14 - Capital One 360’s Financial Independence Days Sale
6/25/14 - Preview of Capital One 360’s Financial Independence Days Sale
4/24/14 - Capital One Business Checking Promotion with a $250 Bonus - Branch Only
2/6/14 - $50 Bonus With Capital One 360 Savings Account
11/29/13 - Capital One 360's 2013 Black Friday Specials: $125 Checking Bonus
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
11/6/13 - Capital One Offers Savings Account Promotion in Its Market Areas
7/26/13 - Capital One Business Checking Promotion with a $300 Bonus - Branch Only
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
3/25/13 - Capital One Branches Still Offering Checking Promo with a 1-Year Rate Guarantee in Some States
2/1/13 - ING DIRECT Is Now Capital One 360
8/27/12 - Capital One Bank's Checking Promo with a 12-Month Rate Guarantee
5/4/11 - Hot Capital One Checking Account Promotion in Austin Texas
11/20/09 - ING Direct's Black Friday CD and Electric Orange Checking Specials
2/5/09 - 4.00% 4-Year CD at Capital One Direct - Nationally Available
4/24/08 - Update on ING Direct CDs
11/20/07 - ING Direct Acquires ShareBuilder
7/12/07 - Is This How Banks Will Make Money from the Reward Checking Accounts?
4/29/06 - ING Direct's 5.25% 12-Month / 5.00% 9-Month CD
4/17/06 - ING Direct Sale is Over - Now What?
2/4/06 - ING Direct Increases Yields Slightly on CDs
1/23/06 - ING Direct Reduces Rates on Most CDs
10/25/05 - Slight Rise in ING Direct's Long Term CDs
10/13/05 - ING Direct's Answer To EmigrantDirect?
10/12/05 - Major Rate Increase at Another Online Bank
9/2/05 - ING Direct Again Lowers Long Term CD Rates
Best Bank I have ever dealt with
I had originally signed up for an online checking and savings account with what was then ING Direct bank. The reason I signed up was because they were offering a free account with no fees. Since then, ING was bought by Capital One bank and now my accounts are under Capital One. This was a great change because now I have access to Capital One ATM's as well as other perks offered by Capital One Bank like their advanced security features. My accounts are still free like they used to be when they were under ING so long as I don't go into the bank and use a teller. I do all my banking through their mobile application which allows me to handle almost all my banking needs (deposits/transfers/bill payments). Doing my banking online is so much better than having to drive down to a bank and stand in a line. I really can't imagine going back to the way I used to handle my banking needs. The only problem I can see people having is when it comes to depositing cash. If you don't live next to your bank's ATM then this might be an issue for some.
Capital One Online Bank
Originally, I began banking online with a company called ING Direct in 2006. At the time they offered the highest interest rate for savings and cd accounts. Around 2012, Capital One bought out ING Direct and my account transferred to them. The transition was very smooth and the online site has been easy to use. I am able to still have my checking account at another bank linked to my savings account. I am able to transfer funds between the two easily though not necessarily quickly. It always takes 48 hours to transfer funds. Since the takeover, the interest rates have been o.k. but not as good as they had been with ING Direct. Capital One does offer multiple options for cds and varying interest rates. They also offer checking accounts and money market accounts. I do not have experience with their checking accounts and money market accounts but I have looked into opening those types of accounts. The online checking account does not have any fees associated with it and appears to be easy to setup and use. I have not had a lot of experience in dealing with the customer service department simply because I have never needed to call. I have never had any issues with my online banking experience in the 5 years that I have been with Capital One. The only time I have needed to contact them was to update my last name when I got married and my address when I moved. Capital One has always been quick to respond and gives me the information I need right away. I would definitely recommend banking with them. The only improvement that I wish would happen is that the interest rates would be a little bit better than the other banks.
Online banking is not the best, you have to wait for your money
A few years ago, my wife and I were saving for our wedding and decided to try to start putting money aside for the costs. At the time, neither of us had the best credit history, and we thought we would try our luck at being accepted for an online bank. At the time, I had only ever dealt with brick-and-mortar banks but we applied for the CaptialOne360 online savings account and were accepted. We were able to do transfers from our credit union checking account every time we were paid at work and it was simple to get the money into the online account. The difficult part was the withdraw process. As the wedding date drew near and we had to pay the various wedding contracts (flowers, caterer, photographer), we had to plan it for the extra 2-3 days to get the money transferred into our account. It was very frustrating when we needed to write a check and could not have access to our money the next business day.
In the end, we closed the account after our wedding day and never looked back. At the time, it was nice to have a bank give us a chance when we were repairing our credit, but it was not fun waiting 48-72 hours to get our money out of the online savings account. I would not do it again if there were wait-times similar to this still in effect.
SCAM - False Advertisement
I opened my 360 money market Account with capital one on June 8, 2017 because of a promotion that was going on online that said if I opened it with a $10,000 deposit and entered the 4 letter code they sent me, I would be accredited a bonus of $300 in a month. Well it just happens to be that that month was finally up and I still had not been credited that bonus so I called customer service and they mentioned that unless I received a letter in the mail inviting me to open the account that the bonus didn't really count. I asked why they were promoting false advertisement online and they mentioned that In the smallest fine print it read that the bonus only applied to people who received the invitation by mail. My question is WHY ARE YOU ADVERTISING THIS ONLINE IF IT ONLY APPLIES BY MAIL AND INVITATION. This is one of the biggest scams I've ever been involved in by a credit company.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4297 |
| Year Established | 1933 |
| Employees | 30163 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 5.61% |
| Annual Interest Income | $5.73B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $280.2B$278.7B |
| Loans | Q2 2017vs Q2 2016 | $157B$153.4B |
| Deposits | Q2 2017vs Q2 2016 | $221.2B$208.5B |
| Equity Capital | Q2 2017vs Q2 2016 | $37.86B$36.26B |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $2.49B$2.23B |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.96B$2.20B |
| Real Estate Owned | Q2 2017vs Q2 2016 | $48.0MM$93.1MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Capital One Reduces CD Rates
0.40% APY 6mo No change
0.60% " 9mo " "
0.90% " 12mo " "
1.10% " 18mo was 1.50%
1.20% " 24mo " 1.60%
1.25% " 30mo " 1.60%
1.30% " 36mo " 1.60%
1.50% " 48mo " 1.80%
2.00% " 60mo " 2.10%
Capital One Increases 360 Money Market Rate
At least this keeps them competitive. I’ll have more on this soon.
Big Rate Hike On Capital One 18-Month 360 CD
This 18-month CD isn’t close to being a rate leader, but it’s always nice to see a Capital One 360 rate hike. Capital One 360 accounts are the online products that used to be offered by ING Direct.
Capital One appears intent to keep at least a few of its 360 CDs competitive. In March, the 60-month and the 12-month 360 CD rates were raised to competitive levels. These rates lasted for about two months.
For liquid accounts, Capital One seems to be focusing on its 360 Money Market Account. A month ago, the rate increased from 1.00% to 1.10% APY for balances of at least $10k. This 360 MMA was introduced in March 2016 with a 1.00% APY. If they do intend to keep this competitive, we should see another rate hike soon.
Always verify rates and promotions with the bank or credit union. We are not Capital One; 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 Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | 360 Savings Account | |
| 0.75% | - | - | Kids Savings Account |
Capital One Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.20%* | $10k* | - | 360 Money Market | ||
| OTHER TIERS: 0.60% → Up to $10k | |||||
Capital One 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 CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | - | 60 Month 360 CD | |
| 1.50% | - | - | 48 Month 360 CD | |
| 1.30% | - | - | 36 Month 360 CD | |
| 1.25% | - | - | 30 Month 360 CD | |
| 1.20% | - | - | 24 Month 360 CD | |
| 1.10% | - | - | 18 Month 360 CD | |
| 0.90% | - | - | 12 Month 360 CD | |
| 0.60% | - | - | 9 Month 360 CD | |
| 0.40% | - | - | 6 Month 360 CD |
Capital One is an Internet only bank and does not have branch locations. Its headquarters is located at 1680 Capital One Drive - Mclean, VA 22102