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Overview / Commentary
800-289-1992
1680 Capital One Drive
Mclean, VA 22102

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

More Targeted $200 Bonuses At Capital One 360 - 2/17/2017

$200 for opening a Capital One 360 Money Market Account and depositing $10,000 or more by March 31, 2017 https://www.capitalone.com/bank/strong200/ $200 for opening a Capital One 360 Checking Account by March 31, 2017 and receiving 2 direct deposits of $250 or more within 60 days of accepting the terms. https://www.capitalone.com/bonus200/ Both promo pages say that you’ll have to have received an email or mail invitation to be eligible. I noticed that on a targeted bonus from January, rhutnik mentioned receiving the bonus even though he wasn’t targeted.

Targeted $200 Checking Bonus - 1/12/2017

1.  Open an account by January 31, 2017. 2.  Make either 4 ATM deposits or withdrawals or debit card transactions OR       make 2 mobile check deposits within the first 60 days. 3.  You’ll see the extra $200 about 90 days after you open your account. More details here.  

Rate Decrease For 12 Month CD - 1/7/2017

Just in time for all the renewals of the CDs opened about a year ago when the rate spiked to 1.30, the 12 month rate has dipped to a non-competitive 0.90% APY. For those who took advantage of the rate one year ago, be sure to give maturity instructions other than automatically roll over. 

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11/28/14 - Capital One 360's 2014 Black Friday Sale
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
7/21/09 - Update on ING Direct's Electric Orange $50 Promotion
2/5/09 - 4.00% 4-Year CD at Capital One Direct - Nationally Available
11/26/08 - 5.20% 60-Month CD at Capital One Direct Banking
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
1/25/08 - 5.25% 13-Month and 7-Month CD at Superior Savings of New England
11/24/07 - 5.25% 7-Month CD at Superior Savings of New England - Nationally Available
11/20/07 - ING Direct Acquires ShareBuilder
10/29/07 - ING Direct / VirtualBank Referral Bonuses
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
11/16/06 - 5.50% Money Market Account at Superior Savings of New England ($10K+)
8/15/06 - 5.25% Money Market Account at Superior Savings of New England ($25K+)
8/9/06 - CapOne/Costco Money Market Account Up to 5.14%
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?
5/10/06 - CapOne/Costco Money Market Account Now 4.72%
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
4/17/06 - 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?
3/14/06 - Superior Savings' New 5% Money Market Account
3/2/06 - Capital One Savings/Money Market Accounts Now 4.25%
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
1/2/06 - Special CapitalOne/Costco $50 Bonus
12/31/05 - ING Direct Savings Now 3.80%
12/7/05 - CapitalOne Savings Now at 4.00%
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?
10/12/05 - Major Rate Increase at Another Online Bank
9/2/05 - ING Direct Again Lowers Long Term CD Rates

Reviews (214)

Great Bank

Posted by: cutter | Jan 30, 2017

I have been a Capital One customer for 2 years. I have had no problems with transfers and have always been able to get prompt, courteous service. They seem to have competitive rates and have some great bonuses. I would definitely recommend them.

Love this bank

If anyone is looking for an online/internet bank, Capital One Bank is the one I'd recommend. It's easy to sign up and there are NO monthly fees. I have an online checking account with direct deposit. The direct deposit is fast and secure. They even have a cash back with most stores you shop at. They also have a savings account. It's a bank that I am so pleased with and have even had many friends sign up as well.

Respected name, modern structure

I opened a checking and savings account with ING a few years back before they were purchased/merged with Capital One. The first impressive part about the company was how they managed the transition from one company to the other. It was seamless and very little was needed in terms of communication initiated by me because I knew what was happening and why and when.

In terms of the products, Capital One institutes a couple of no brainer services that make so much sense for anyone who would open an internet only account. First, there is an access code you can generate if you want to use services like Mint or Personal capital. This way you don't have to share your account log ins. Also I feel like the fee structure (which is basically non-existent) is pretty straight forward. In this day in age, not many people believe in paying for a checking account to cover a bunch of features that they aren't going to use, so removing those fees and investing in the things like not charging an ATM fee ever is much more beneficial to the consumers.

Great experience!

I have to admit when I first thought of using an online only bank I was skeptical. No tellers? No brick and mortar office? Not sure this will work for me. But, I kept hearing the name Capital One Bank over and over. When I was looking for a separate bank account for only myself (separate from my husband) I decided to give it a try! Wow, was I surprised! Great products, very reasonable fees, wonderful customer service and just a great overall web/mobile experience! I HIGHLY recommend trying them out. I mean, really, who really wants to stand in another teller line!?

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Health

Health Grade Components

Overall
FDIC Certificate #4297
Year Established1933
Employees29077
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD3.97%
Annual Interest Income$7.88B
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$279.3B$254.4B
LoansQ3 2016vs Q3 2015$154.2B$138.2B
DepositsQ3 2016vs Q3 2015$211B$199.3B
Equity CapitalQ3 2016vs Q3 2015$35.34B$36.05B
Loan Loss AllowanceQ3 2016vs Q3 2015$2.27B$1.78B
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.21B$1.95B
Real Estate OwnedQ3 2016vs Q3 2015$76.8MM$118.5MM
  User-submitted Promotions & Notices

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.

More Targeted $200 Bonuses At Capital One 360

stevel   |  
$200 for opening a Capital One 360 Money Market Account and depositing $10,000 or more by March 31, 2017

https://www.capitalone.com/bank/strong200/

$200 for opening a Capital One 360 Checking Account by March 31, 2017 and receiving 2 direct deposits of $250 or more within 60 days of accepting the terms.

https://www.capitalone.com/bonus200/

Both promo pages say that you’ll have to have received an email or mail invitation to be eligible. I noticed that on a targeted bonus from January, rhutnik mentioned receiving the bonus even though he wasn’t targeted.

Targeted $200 Checking Bonus

Carpline   |  
1.  Open an account by January 31, 2017.
2.  Make either 4 ATM deposits or withdrawals or debit card transactions OR 
     make 2 mobile check deposits within the first 60 days.
3.  You’ll see the extra $200 about 90 days after you open your account.


More details here.  

Rate Decrease For 12 Month CD

thowellIII   |  
Just in time for all the renewals of the CDs opened about a year ago when the rate spiked to 1.30, the 12 month rate has dipped to a non-competitive 0.90% APY. For those who took advantage of the rate one year ago, be sure to give maturity instructions other than automatically roll over. 

$100 Bonus For Capital One 360 Money Market Account With $10K Deposit

stevel   |  
Just saw this advertisement on Google.

Open your account by December 15th using invitation code Merry100 and deposit $10,000 or more by December 31st to earn your $100 bonus.

Important small print
How do I earn a bonus? To qualify for the $100 bonus, open your very first 360 Money Market account online by 12/15/2016 11:59 p.m., E.T. and deposit at least $10,000 no later than 12/31/2016 11:59 p.m., E.T. (If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before or are a Capital One Associate, you won’t be eligible for the bonus.)
Link to offer

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--360 Savings Account
0.75%--Kids Savings Account
0.50%--Essential Savings Account

Capital One Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-360 Money Market
OTHER TIERS: 0.60% Up to $10k

Capital One Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$100k*-360 Checking
OTHER TIERS: 0.20% Up to $50k | 0.75% $50k - $100k
0.40%--High Yield Checking Account - First 12 Months Promo
0.25%--MONEY
0.20%--High Yield Checking Account

Capital One CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--60 Month 360 CD
1.80%--48 Month 360 CD
1.60%--36 Month 360 CD
1.45%--24 Month 360 CD
1.45%--30 Month 360 CD
1.35%--18 Month 360 CD
0.90%--12 Month 360 CD
0.40%--6 Month 360 CD
0.40%--9 Month 360 CD
Locations

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