Capital One 18-Month CD Earns 1.90% APY


UPDATE 9/13/2019: Rate lowered to 1.90% APY.

Deal Summary: 18-month 360 CD, 2.55% 1.90% APY, no minimum deposit, but capped at $1 million.

Availability: Nationwide

Capital One’s 18-month 360 CD is another NTS (New to Summary) addition to this week’s CD Rates Summary. Currently earning 2.55% 1.90 APY, the 18-month 360 CD is listed in the Summary’s top four nationally available 18-month CDs.

1.90%--Capital One18 Month 360 CD
1.90%--Capital One18 Month 360 IRA (Traditional, Roth)
Rates as of September 15, 2019.

Capital One 360 CDs have no minimum opening deposit requirement, “however, your Certificate of Deposit account may not exceed $1,000,000.” In addition,

We reserve the right to return any deposit to you that causes the combined balance of all of your accounts with us (including any jointly owned, or in the case of an account owned by a living trust, jointly managed accounts) to exceed $5,000,000.

Capital One began offering 360 IRA CDs (Traditional and Roth) about 18 months ago. The 360 IRA CDs currently earn the same rates as the 360 CDs, with the same no-minimum balance requirement.

With the highest 360 CD APY in the Capital One product line, the 18-month has experienced four rate increases and two rate decreases in the past year. Even with the two rate decreases, the current APY is 80 bps higher than it was in September 2018.

Capital One 360 CDs can only be closed early; there are no partial withdrawals allowed. As stated on the 360 CD Account Details page, the Early Withdrawal Penalty reads as follows:

For CD accounts longer than 12 months, the penalty for withdrawing early is
6 months of interest. You also cannot make a partial withdrawal during your CD term.

POD Beneficiary Designations Are Now Possible

After many years of customer complaints, Capital One changed its beneficiary policy for 360 deposit accounts in the summer of 2018, although not without some issues. My July 2019 blog post describes the initial changes (and problems), while the subsequent December 2018 blog post discusses the addition of an online platform for adding and managing beneficiaries.

Up to 10 beneficiaries per account can now designated, with Social Security numbers required for all beneficiaries. (There is one exception: beneficiaries cannot be assigned to a Trust account.) Once beneficiaries are named, the bank account will be referred to as a "Payable on Death" (POD) account.


Headquartered in McLean, Virginia, Capital One describes itself as “a diversified bank that offers a broad array of financial products and services to consumers, small businesses and commercial clients.” Any U.S. citizen or lawful permanent resident, 18 years or older, with a U.S. physical address or a military address (APO or FPO) and a valid Social Security number, can open an account at Capital One.

Opening a 360 CD can only be done online and must be funded from a checking account at another U.S. chartered bank (known as your Linked Account). According to the 360 CD Disclosure,

You must tell us to either electronically transfer money from your Linked Account or give us a personal check drawn on your Linked Account. Your 360 CD account won't be considered "opened" until it's funded and you complete our verification procedures.

If you already have a Capital One account, your existing Linked Account(s) will also be linked to any 360 CD you may open.

Bank Overview

Capital One has an overall health grade of "A+" at, with a Texas Ratio of 2.29% (excellent), based on June 30, 2019 data. In the past year, Capital One has increased its total non-brokered deposits by $18.2 billion, an excellent annual growth rate of 8.09%. Please refer to our financial overview of Capital One (FDIC Certificate # 4297) for more details.

With assets in excess of $311 billion, Capital One is currently the seventh largest bank in the country. Besides having a large branch network (more than 480), Capital One also has a large internet banking division, previously known as Capital One 360.

Capital One acquired the internet bank, ING Direct, in 2012 and shortly afterward, ING Direct was transformed into Capital One 360. Operating as a subsidiary of Capital One Financial Corporation for about four years, Capital One 360 was absorbed in Capital One in 2017. Although Capital One 360 no longer exists as a separate entity, all of the Capital One 360 products are still available, but offered from the website. FYI – automatically forwards visitors to

How the 360 CD Compares

When compared to 160 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Capital One's 18-month 360 CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.70% APY15-Month CD SpecialUSALLIANCE Financial
2.55% APY18-Month 360 CDCapital One
2.50% APY20-Month CD SpecialTruStone Financial Credit Union

The above rates are accurate as of 9/12/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.

Related Pages: 1-year CD rates, nationwide deals, Internet banks

RichReg   |     |   Comment #1
What's in my wallet?,
..certainly not any additional disposable CD interest income.
Anonymoose   |     |   Comment #2
Kind of scary. This is about the rate I'm getting on on my liquid account.
Cracker   |     |   Comment #3
Not a great rate, but because I expect rates to continue falling, I moved some cash sitting in the money market account to this CD.
Cracker   |     |   Comment #4
One error in this article is that you don't have to open the account by transferring money from an external linked account. You can also open it by transferring money from an existing Capital One 360 account which is how I funded my CD.
Anonymous   |     |   Comment #5
I've decided not to place funds with Capital One. I didn't like their rules about bonuses awhile back using January of 2016 as a date when you could not have had funds with them to earn a nice bonus and so I'll place my funds elsewhere. I'm hoping Navy Federal will continue their 18 mos. CD at 3.0% for a short while and I'm already getting close to 2.45 on liquid funds now. For me, Capital One is not a good deal!
111   |     |   Comment #6
Because I'm still miffed that CapOne denies me any of their savings account bonus offers simply because I happened to have had an old ING-Orange account at one time, I'm boycotting them and going with the Navy 18-month CD at 3%.

But I guess I probably would have done that anyway...
Details Matter
Details Matter   |     |   Comment #7
If you open their 18-month CD, and dig into the math, you can calculate that the stated final maturity value is based on 546 days of interest. Yet the number of days between September X, 2019 and March X, 2021 is 547 days. Perhaps they will not be paying interest for leap day February 29, 2020 :)

Please note that I have not seen this issue on previous Capital One CDs.
Anonymoose   |     |   Comment #8
That would be a problem. For large amounts a single day's interest can be important money. If you are confident in your figures, I would call it to their attention. I have had several catches of this kind over the years and always let them know. If they have a software problem it could affect a lot of people. They are not unheard of even in large companies. 99.999999% of people can't or don't check. So these things often go unnoticed for years.
Y??   |     |   Comment #9
Yes, I'm sure people with that much money in that 18 month CD to really matter would have to declare bankruptcy after losing one day's interest. Scrooge McDuck comes to mind.
[email protected]   |     |   Comment #10
18 month 2.55% rate is gone, slashed to 1.90%
Cracker   |     |   Comment #11
WOW!! Did you look at all of their current rates? They're really betting on falling rates. The longer the term, the LOWER the rate. Unbelievable.
PLEA BARGAIN   |     |   Comment #15
They better think again. Today interest rates are way up. Very strange.
Anonymous   |     |   Comment #12
As one of the previous comments stated -- Capital One has dropped their rate for this CD to 1.90%. I believe Capital One knew exactly what it was doing --- offering that rate and then pulling it away very quickly --- for what purpose -- to gather funds that would not be put into CDs at their 2.55% rate but at their newly reduced rate of 1.90% Shame on Capital One! Just another reason not to do business with them --- at least for this individual!!
Robb   |     |   Comment #13
I've been pulling out of Capital One for this exact reason...they tend to be one of the 1st to drop rates at any hint of a fall. The 10 year is now up about 40 basis points the past month while banks like this and others continue to react based on the headlines. So many better opportunities elsewhere such as Navy FCU, etc.
retired   |     |   Comment #17
Re: #13, PenFed beats Capital One (and everyone) in any rate drop contest. Rates are so low, it's time to start spending and enjoying our hard earned money.
Robb   |     |   Comment #24
They've really collapsed their rates...the 5 year is all the way down to 1.6%...the 3 year at 1.65%....unreal:
PLEA BARGAIN   |     |   Comment #14
Interest rates are skyrocketing today.......What's going on?? My preferred stock etf is way down......over 1%. And it hardly ever even moves! Something strange is going on. Thankfully I only have a few thousand in it and it still pays over 5%.......But this is all very strange.
RichReg   |     |   Comment #16
WOW...dropped 65bps in 24 hours. That's f*cked up.
Was their marketing department still on Summer break?

I can't imagine what's going to happen to all these Savings & Money Mkrt. promo rates in the coming weeks.....
buckeye61   |     |   Comment #18
These wild swings in CD rates are typical of Capital One since they took over ING Direct. They will offer competitive CD rates for short periods of time and then dramatically drop rates without warning or notice. I'm sure it has something to do with funding levels on deposits, but its a poor business model. I did take advantage of their MMA bonus last year, but I have moved on to more stable and competitive options.
Anonymoose   |     |   Comment #19
Not sure it's a poor business model. In 2010 capital one was selling for about $15 a share, it closed yesterday at 94. It also has stellar ratios at the same time.

They are among the most aggressive marketers in the banking industry and probably the most aggressive brick-and-mortar marketer.

The vast majority of depositors don't change accounts nearly as often as the average participants in these forums. Most depositors don't follow rates as closely and probably don't think about rates much unless they see something that catches their attention and convinces them that it's a special deal.

Once they're swept in, they go back to sleep. I think this kind of strategy is designed to take advantage of that phenomenon and probably quite effective.
Att   |     |   Comment #20
Capone closed 2 branches close to my house. I haven't done business with them in years. They send me credit card offers at least once a month
Joe Dum
Joe Dum   |     |   Comment #21
Not sure you realize there was a banking crisis in 2007 - 2011.

Capital One share price is 10% higher than 2006. Did it have "stellar ratios" at that time?
Mr Beam
Mr Beam   |     |   Comment #22
A couple of pros & cons about Capital One. They have a very nice, very fast account user page. Really easy to maneuver thru.

They recently had a big cyber hack data breach. They offered me free credit protection for life? And several free credit reports per year?

I think I missed the latest 360 Money Market bonus of $500. (Is it still going? Dont see it on the website). But I received a $150 Savor One credit card bonus, and then they sent $350 more after declaring there was a mistake in the applicarion. (I never saw a mistake anywhere).

Even with excellent credit score, the interest rate on those cards is very high. Don't understand that.

Was just about to put money in the 2.55% 18 month CD. NOW it's 1.90. :( You snooze, you lose. Too much Jim Beam.
Ki Weathers
Ki Weathers   |     |   Comment #23
Excellent salience. Props.
Capital One 360 Money Market®: Earn Up to $500 & a Top Rate on Qualifying Balances

This deal post was written by Lauren Perez

Deal Summary: $500 Bonus when you deposit $10k+ in new funds into a new 360 Money Market account and maintain at least $50k. $200 Bonus available when you maintain between $10k and $50k.

Availability: Nationwide

Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...

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Capital One Increases Rates on 360 Money Market Account and CDs
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Availability: Nationwide

On Friday, Capital One raised the rate on its 360 Money Market by 15 bps to 2.00% APY on balances of $10k+. The APY for balances below $10k remains at 0.85%.

Capital One is the latest of the large internet banks to raise their savings or money market rate to at least 2.00% APY. Several other large internet banks...

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Availability: Nationally available

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Deal Summary: 360 Money Market, 1.85% APY ($10k+), 0.85% APY (less than $10k)

Availability: Nationwide

This morning, Capital One raised the rate on its 360 Money Market by 10 bps to 1.85% APY on balances of $10k+. The APY for balances below $10k remains at 0.85%.

Capital One is the latest of the large internet banks to raise their savings or money market rate to 1.85% APY. Several other large internet banks have already made this move in the last month. These include Synchrony, Goldman Sachs,...

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Capital One 360 Money Market Account Moves Upward
Deal Summary: 360 Money Market, 1.75% APY ($10k+), 0.85% APY (less than $10k)

Availability: Nationwide

Yesterday, Capital One raised the rate on its 360 Money Market by 15 bps to 1.75% APY on balances of $10k+. The APY for balances below $10k remains at 0.85%.

Capital One is the latest of the large internet banks to raise their savings or money market rate to 1.75% APY. Several other large internet banks have already raised their savings account rates to 1.75% APY. These include Discover, Ally, American...

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