Capital One, a DepositAccounts.com advertiser, is a subsidiary of the Capital One Financial Corporation, a financial holding company publicly traded on the New York Stock Exchange (Symbol: COF). The bank officially took over ING Direct in 2012 and offers an array of depository banking.
Capital One offers personal, as well as business, savings and CD accounts. Also on the personal side, Capital One offers a fee-free checking account that is part of an extensive ATM network and comes with a free MasterCard debit card. They also offer a teen checking account, which is basically the same account, but adds a joint owner. Both accounts are attractive because they earn interest and can be accessed through their Café’s, mobile deposits and widely accessible ATMs. The 360 Money Market Account offers one of the top interest rates in the country and has no fees. CDs are offered in term lengths ranging from 6 to 60 months and come with fixed interest rates.
Capital One’s online banking provides a simple platform for account owners to manage their deposits with Capital One. They offer an award-winning mobile app which allows the user to make deposits, check balances, pay bills, search for ATMs and make transfers. The bank’s site is optimized for both desktop and mobile use, and offers the same features as the mobile app.
Capital One is currently headquartered in McLean, Virginia.
Capital One was my introduction to online only banking, back in 2008. (Back then, it was named ING Direct, before being purchased by Capital One.) It started out as my online savings account, and stayed that way for quite a while.
Last year, it became my primary bank. It has my primary checking account, I use the online bill payment service to pay all my bills, and it is also the hub I use to route all my ACH transfers.
The money market account pays a very competitive (but not best in class) interest rate, so I use it from time to time for some of my savings.
In the decade I have had the account, I have never paid a fee. I have never had a single problem at all with the account.
Capital One is an exceptionally good, full service bank.
I am in the process of transferring my funds to American Express Savings. I was EXTREMELY disappointed when I called to change beneficiaries (after not finding a link to do so on their website) to be told that Cap One 360 does not allow beneficiaries - I would have to make it a joint account! I can't believe this is even legal! I was very happy with the account until this happened so if you don't need to have a beneficiary then I would still recommend it.
An ACH pull initiated at Capital One takes seven days. I though the industry standard is next day.
This bank is horrible and does not care about the customers. They had my stepfather funds on hold for months. And pleaded with them about his bills and medication still no help will be closing mine and his im disgusted with capital one. I wish there was a negative number of stars.
Overall | |
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FDIC Certificate # | 4297 |
Year Established | 1933 |
Employees | 31657 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.34% |
Return on Equity - YTD | 11.94% |
Annual Interest Income | $12.80B |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $381.3B$363.5B |
Loans | Q4 2021vs Q4 2020 | $179.4B$159.3B |
Deposits | Q4 2021vs Q4 2020 | $316.9B$303.5B |
Equity Capital | Q4 2021vs Q4 2020 | $40.46B$42.23B |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $3.71B$5.10B |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.32B$1.29B |
Real Estate Owned | Q4 2021vs Q4 2020 | $48.6MM$93.9MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | - | - | 360 Performance Savings | |
0.30% | - | - | Kids Savings Account | |
0.20% | - | $5m | Business Advantage Savings - 1st Year Promo Rate (New Accounts Only) |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | - | - | 360 Checking | |
0.10% | - | - | MONEY |