Capital One Increases Rates on 360 Money Market Account and CDs


Deal Summary: 360 Money Market, 2.00% APY ($10k+), 0.85% APY (less than $10k); 360 CD rate increases including 12-month (2.60% APY) and 60-month (3.10% APY).

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%.

2.00*%$10k-Capital One360 Money Market
OTHER TIERS: 0.85% Up to $10k
Rates as of January 15, 2019.

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 have already made this move in the last month. These include Synchrony, Goldman Sachs, FNBO Direct and Barclays. So Capital One is a little behind. You can see below how the 360 Money Market recent rate history compares to the other large internet banks.

  • Nov 9: Capital One 360 Money Market: 2.00% APY, $10k+
  • Nov 6: Synchrony High Yield Savings: 2.05% APY
  • Nov 5: SFGI Direct Savings: 2.07% APY
  • Oct 30: Barclays Online Savings: 2.05% APY
  • Oct 29: Citizens Access Online Savings: 2.25% APY, $5k+
  • Oct 26: Goldman Sachs Bank USA High-yield Savings: 2.05% APY
  • Oct 19: FNBO Direct Online Savings: 2.00% APY
  • Oct 18: Sallie Mae Bank Money Market: 2.12% APY
  • Oct 15: CIBC Agility Savings: 2.16% APY
  • Oct 12: Vio Bank High Yield Online Savings: 2.15% APY
  • Oct 11: Discover Bank Online Savings: 1.90% APY
  • Oct 3: Discover Bank Online Savings: 1.85% APY
  • Oct 2: Synchrony High Yield Savings: 1.90% APY
  • Oct 12: Goldman Sachs Bank USA High-yield Savings: 1.95% APY
  • Oct 5: Sallie Mae Bank Money Market: 2.00% APY
  • Oct 5: Ally Bank Online Savings: 1.90% APY
  • Sep 28: Citizens Access Online Savings: 2.12% APY, $5k+
  • Sep 27: American Express National Bank High Yield Savings: 1.90% APY
  • Sep 27: Barclays Online Savings: 1.90% APY
  • Sep 26: Federal Reserve Target Funds Rate: 2.00% to 2.25%
  • Sep 19: Goldman Sachs Bank USA High-yield Savings: 1.90% APY
  • Sep 19: Vio Bank High Yield Online Savings: 2.11% APY
  • Sep 10: HSBC Direct Savings: 2.01% APY
  • Sep 7: CIBC Agility Savings: 2.10% APY
  • Sep 7: SFGI Direct Savings: 1.91% APY
  • Sep 5: MySavingsDirect MySavings: 2.25% APY
  • Aug 31: Ally Bank Online Savings: 1.85% APY
  • Aug 31: Discover Bank Online Savings: 1.80% APY
  • Aug 24: Capital One 360 Money Market: 1.85% APY, $10k+

The 360 Money Market has no monthly service charge, no-minimum opening deposit, or minimum balance requirement. The account does not offer check writing or debit cards. An ATM card (a 360 Money Market card) is available, but only by request. It’s not automatically issued.

Capital One launched the 360 Money Market Account in March 2016 with a competitive 1.00% APY. That rate held until June 2017 when the rate began to rise as internet banks finally began to respond to the Fed rate hikes. In the past year, a total of 100 bps have been added in nine rate increases.

Many thanks to DA reader, buckeye61, for his Forum post about Capital One's rate hikes.

360 CD Rate Hikes

Capital One also increased the rates on seven terms of its 360 CDs and 360 IRA CDs. All rates increased 10 bps. The two most noteworthy rate increases were the 12-month (2.60% APY) and 60-month (3.10% APY). These rate increases keep both competitive with the large internet banks. The new APYs are shown below in bold and are effective as of 11/9/2018. The previous APYs are noted inside parentheses.

  • 60 mo - 3.10% (3.00%)
  • 48 mo - 2.85% (2.75%)
  • 36 mo - 2.80% (2.70%)
  • 30 mo - 2.70% (2.60%)
  • 24 mo - 2.70% (2.60%)
  • 18 mo - 2.60% (2.50%)
  • 12 mo - 2.60% (2.50%)

The last rate hike of the 360 CDs was on September 14 when six of the CD had rate increases. Today’s new rates don’t move Capital One into rate leader status, but at least they keep them close. All of the 360 CDs are now at least somewhat competitive except for the 6- and 9-month terms.

More details of these 360 CDs are shown in the following table. You can see the rate history of each CD by clicking on the “details” arrow on the right side of the row. To review all of Capital One CDs and IRA CDs, please refer to our Capital One 360 CD rate table.

3.10%--Capital One60 Month 360 CD
2.90%--Capital One48 Month 360 CD
2.85%--Capital One36 Month 360 CD
2.80%--Capital One24 Month 360 CD
2.80%--Capital One30 Month 360 CD
2.70%--Capital One12 Month 360 CD
2.70%--Capital One18 Month 360 CD
Rates as of January 15, 2019.

360 IRA CDs

Capital One began offering 360 IRA CDs in March (Traditional and Roth) . These IRA CDs currently have the same rates as the regular CDs with the same no-minimum balance requirements.

Capital One 360 CD Details

Capital One 360 CDs have no minimum deposit requirement. Maximum deposit is $1 million. Interest is compounded and credited on a monthly basis. As stated in the Capital One CD account disclosure, the Early Withdrawal Penalty (EWP) reads as follows:

For a CD with a twelve (12) month or shorter term, the penalty is three (3) months interest, regardless of when you redeem the account prior to maturity.

For a CD with a term greater than twelve (12) months, the penalty is six (6) months of interest regardless of when you redeem the account prior to maturity.

POD Beneficiary Designations Are Now Possible

After many years of customer complaints, Capital One has changed its beneficiary policy for 360 deposit accounts. Customers can now designate up to 10 beneficiaries to each account. Once beneficiaries are named, the bank account will be referred to as a "Payable on Death" (POD) account. Unfortunately, there are some issues. I have more details in this post.

360 Savings Account and Checking Account

Capital One’s 360 Savings Account has been lagging the competition for awhile now. Its rate continues to be 1.00% APY for all balances. The last rate hike was in December 2017 when the rate increased from 0.75% to 1.00% APY. Capital One appears to be focusing on keeping 360 Money Market competitive instead of the 360 Savings Account. Unlike the Money Market, the Savings Account has no rate tiers. All balances qualify for the top rate.

1.00%--Capital One360 Savings Account
1.00*%$100k-Capital One360 Checking
OTHER TIERS: 0.20% Up to $50k | 0.75% $50k - $100k
Rates as of January 15, 2019.

Since checks can’t be written from the 360 Money Market, I consider this to be more like a savings account. In terms of features, the only difference between the 360 Money Market and the 360 Savings Account is the balance tiers.

$200 Bonus for the 360 Money Market Account

Capital One often has a new-account bonus for its 360 Money Market Account. The latest bonus pays $200 for opening a new 360 MMA and depositing at least $10k by December 14, 2018. When you open your account, make sure to enter the promotional code OFFER200. New money is required, and customers must not have had a savings product with Capital One since January 1, 2016.

Here’s Capital One’s landing page for the $200 bonus offer.

In the past, these bonus offers have often been targeted. This one had been primarily targeted to Quicken customers, but the targeted language has been removed.

Many thanks to DA reader, vic1, for his Forum post about Capital One's bonus offer.


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 account can only be done online, and must be funded from a personal checking account.

According to the 360 Money Market Disclosure,

To get started, you’ll need to "link" your Money Market account to your personal (non-business) checking account at another U.S. chartered bank (this is known as your Linked Account).

If you already have an account with us at the time you open your 360 Money Market account, your existing Linked Account(s) will also be linked to your 360 Money Market account.

Bank Overview

With assets in excess of $289 billion, Capital One is currently the eighth largest bank in the country.

Capital One (FDIC Certificate # 4297) has an overall health grade of "A+" at, with a Texas Ratio of 2.36% (excellent), based on June 30, 2018 data. In the past year, Capital One has increased its total non-brokered deposits by $10.68 billion, an above average annual growth rate of 4.98%. Please refer to our financial overview of Capital One for more details.

Capital One has both a large branch network and a large internet banking unit. The internet banking unit used to operate as Capital One 360. In 2012, Capital One acquired the internet bank, ING Direct, and in 2013, ING Direct was converted into Capital One 360.

Capital One 360 had operated as a subsidiary of Capital One Financial Corporation, but that ended last year. Capital One 360 no longer exists as a separate entity. It’s now under Capital One. All of the Capital One 360 products still exist with the same names as before, but they’re now offered from the website. now forwards visitors to

How the 360 Money Market Compares

When compared to the 207 Savings Accounts and 185 Money Market Accounts tracked by that are available nationally and have similar minimum balance requirements, 16 savings accounts and seven money market accounts have higher rates than the 360 Money Market Account.

The above rates are accurate as of 11/11/2018.

To view the best Savings and Money Market rates, both nationwide and state specific, please refer to our Savings Account rates table and Money Market Account rates table.

Related Pages: money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks

buckeye61   |     |   Comment #1
Capital One has done a better job of keeping competitive with their top-tier Money Market and CD rates, but the stagnate rate on their Savings(1.00%)is a little confusing.....much like how banks like Ally and Synchrony continue to raise their Savings rate but not their Money Market accounts.
DCGuy   |     |   Comment #2
My Capital One Savings account (formerly ING DIRECT orange savings account) balance has dropped to near zero now. It was one of the first online bank accounts that I opened over 15 years ago and had the majority of the online banking funds until recently.
RJM   |     |   Comment #3
I was with ING from back then too, paid 6% if I recall.

But I had drained all the money from it a few years ago and closed it a few months ago. I have hated Capital One for 25 years over them charging me a credit card late fee when I was really not late and refusing to remove it. (They apparently did the same thing to many others back then)

I will not do business with them again and will bad mouth them forever. Over $30.
DOA   |     |   Comment #4
If you ever get your debit card trapped in their ATM, they will not retrieve it for you. Instead, their policy is to destroy all cards that get trapped in the ATM. They destroyed mine and I even had a Capital One 360 account. I have never since gave them the $3.50 fee to use their ATM.
RJM   |     |   Comment #5
Thats everywhere. I did it at a local credit union. DESTROYED without calling. Costs $$ to replace. Instead I am just not going to use the stupid ATM again.

They have a regular drop box, where they don't hold your card hostage so I don't know why I even used the stupid ATM for a deposit anyway.
DOA   |     |   Comment #6
I visited a nearby smaller bank and they told me that they would retrieve it and return it to me as long as I provided proper identity. So that is where I go now to get any cash money needed.
RJM   |     |   Comment #7
It's very rare that I need cash.
DCGuy   |     |   Comment #16
Capital One Direct (the original version of the online part of Capital One prior to the acquisition of ING Direct), did me a big favor by not charging me the NSF fee for making a mistake when I attempted to withdraw more than the current balance in an account there from a credit card bill. The credit card company tried three times to withdraw the amount, but each time I got a letter from Capital One Direct that there was not enough money to pay it. I was not charged anything, except from the Credit Card company which charged me a fee for one ACH failure processing. Thankfully, the credit card company did not treat the ACH failure has not having paid the monthly minimum account which is another fee and possible interest rate change (and a black mark on your credit report).
Att   |     |   Comment #8
The ATMs I use are chip enabled. Your cardg) goes in halfway and is exposed. Your card can be pulled out at anytime so your card can not get stuck in the machine or "swallowed". You must pull out the card to get your cash and/or your receipt.
RJM   |     |   Comment #10
Mine was swallowed and honestly I have not used an ATM in 20+ years so I did not even remember that I had to sit there & wait for them to give the card back. The screen did not say anything that I recall either. Stupid system really. I don't recall ever having the problem way back when but I have never been much of an ATM user. I keep a few hundred at home and $5-10 in my wallet.
Att   |     |   Comment #11
I rarely use cash and charge everything I can using rewards credit card. I do use ATMs to deposit checks. I did have some checks deposited with different amounts that the actual check. I just sent secure emails and the problems were corrected the next day. One check was deposited for a higher amount and the other was for less.

One thing that is starting near me is that you must pay a 5% surcharge at a few restaurants if you use a charge card. Similar to some gas stations.
RJM   |     |   Comment #12
In my state, its against the law to have different prices for cash & credit at gas stations. A few places have tried it only to quickly stop it when the government types get on them.

And surcharges anywhere else are 100% against the credit card agreements those merchants have.

I have seen that around here. A low end quick mart had a hastily made sign that said no charges under $5. A bar, back 10 years ago had a $5 surcharge for paying with a cc. Those merchants can lose their ability to accept credit cards if someone complains and they don't stop.

That said, I don't understand how the cash/credit different prices at stations in other states get around the CC agreements? Only thing I can think of is State Law may trump the CC agreements?

As for me personally, yes I charge or use prepaid gift cards acquired at a discount for almost everything.

Speaking of that, Discovers 5%deal from Jan thru March is grocery stores. Just in time as I am almost out of Aldi GCs. (I will buy more at the end of March to hopefully cover 2019)
Catseye   |     |   Comment #13
Interesting...……..A lot of small businesses around here charge 3-5% if you use a CC, ex: tree cutters, plumbers, painters. The University charges 3% fee to pay tuition with CC. Our county charges 3% if you pay property tax with CC. Now you guys have me wondering if this is legal?
RJM   |     |   Comment #15
The university and county as well as my power company use 3rd party providers and those parties can charge to use a credit card. No merchant is forced to accept credit cards. Its not against the rules for a 3rd party to charge a processing fee.

My power bill CC provider charges $3.60 for any amount up to $600. So, I prepay $603.60 every so often. Because my cashback exceeds the fee. I still don't know how they can charge such a small fee unless the people paying smaller amounts are making up for those that pay $600 like me. On $603.60, I earn $12.07 or more. Less the $3.60= 8.47 tax free gain. But if rates keep rising there will be a time when its not worth it to prepay. But interest income is taxable and CC cashback is not.
no secret
no secret   |     |   Comment #17
so your using the barclay 2% card
i do the same for all utilities .
RJM   |     |   Comment #18
NO, changing username. I don't use the barclay 2% card. Its not the only one. Might be a secret to you.
no secret
no secret   |     |   Comment #19
spark, fidelity, citi
just asking *ick
Robb   |     |   Comment #14
A good number of gas stations around here charge more for credit cards versus cash. There are a couple that will only take cash and do tend to have the lowest prices in town so I tend to frequent them often.
DOA   |     |   Comment #20
I prefer to use a credit card for payments but there are two situations that I always use cash: (1) If I am at a restaurant where the waiter that takes the credit card off somewhere else to process the payment, you never know that they might be photo copying it also. So I always pay cash instead of a credit card at those places. (2) Some places charge a fee to use a credit card. So at those places, I use cash.
RJM   |     |   Comment #21

You think nice restaurants have copying machines in the back for their employees to use to steal credit card info? LOL

I would not worry about it. I've had 4-5 numbers stolen & used somehow over the years and they have never been out of my site. I have no idea how as I am careful. But it's never cost me a dime. Worst case is it takes a week for the new card to get here.
DOA   |     |   Comment #22
Maybe being cautious is why I have never had problems with stolen numbers.

LOL Not copying machines, but phone cameras. Every Tom, Dick, and Harry the waiter carries a phone/camera in their pocket these days.
Att   |     |   Comment #24
If you pay bills with charge cards and do it through the mail where you list the cc number expiration and security code, near me they are stealing mail from mail boxes as well as stealing mail from the blue boxes that people put mail in. Some have the key others have put sticky substances on the pull down. They coverted all the mailboxes near me to slots to prevent this. I have never lost a dime to charge card theft. BOA and AMEX will overnight you a new card if you ask. Penfed takes a week to get a replacement card.
Nothing   |     |   Comment #25
Use a PO Box
RJM   |     |   Comment #26
Yeah, I don't write my card number down anywhere. I speculated one of the times was a redbox many years ago that might have had a skimmer attached. Had to have been 5-6 years ago because I have not used them in a very long time.

But the other times, I just can't figure out where they got them. My cards never leave my hand/wallet.

I have Allys Webroot and it scans daily and it has never found anything.
Att   |     |   Comment #27
Most bills I pay online and when available use a charge card to pay online. When you use a charge card at major retailers like Lowes , Target they store your CC information. Sometimes I don't have a receipt they can look up the sale and give me a refund. I prefer not to pay for a a PO box. The advise from the post office is to deposit mail inside the post office and not deposit mail in blue boxes overnight or non business days.

Your credit card info is stored many places. I have never lost any money due to credit card fraud.
RJM   |     |   Comment #9
I will say one thing I liked about that old ING checking that remained is the overdraft thing. I could do a billpay by check without the money there and then get an email when the check was presented and then do a transfer the same day and never incur a penny in interest.

I don't have that feature anywhere else. Ally debits the money as soon as the check is mailed. AA won't send the check unless the money is in the account but then the money is not debited until the check clears. I don't think I have overdraft anywhere else. Ally has that but only to the extent you have extra in a savings account with them.

But, I'm not going back to Cap One unless they send me my $30 + 25 years of interest and that will never happen. I had a heckuva time even closing the account. A half dozen times I waited on hold over 5 minutes on the phone. They do not have email or secure messages.
I had went to the BBB to file a complaint when I finally found an email address and they closed it for me. And sent me a check for the remaining balance of 1 cent. Even though I told them to keep it.

larry   |     |   Comment #23
You do realize that Cap1 does not close accounts? You are complaining about chump change imo. The reason why I say this is because we got burned by Interactive Brokers that raped my brokerage account for the tune of $450 in fees. When I complained it landed on deaf ears. I proceeded to make more than half that back(on bonuses) with an eoy ira deal(after I moved my cash). Then when the timing was right I bought puts on Interactive Brokers 10x and made a handsome profit. We've looked at Cap 360 mm account bonus multiple times for $300-500(?), but have resisted because of their BS.
DCGuy   |     |   Comment #28
Capital One does not close accounts? Well, I just had a IRA CD account closed when the term had ended this month. Capital One sent a letter saying that the account was closed a week ago.
Capital One Ups Rates on Six 360 CDs
Deal Summary: 360 CD rate hikes. Most noteworthy is the 1-year CD, 2.50% APY, No minimum deposit

Availability: Nationally available

Capital One increased the rates on six terms of its 360 CDs and 360 IRA CDs this morning. Most noteworthy is the rate increase of the 1-year CD. The APY increased only 10 bps, but it reached 2.50%, which keeps it competitive with the large internet banks. The 18-month CD had the largest rate gain, but Capital One had lowered the rate of this CD in June to an uncompetitive...

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Capital One Boosts Rate of 360 Money Market Account
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,...

Continue Reading
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...

Continue Reading
Capital One Increases Rates on 360 CDs and 360 IRA CDs
Deal Summary: 360 CD rate hikes. Two noteworthy ones include 5-year CD, 2.90% APY; 1-year CD, 2.30% APY; No minimum deposit

Availability: Nationally available

Capital One increased the rates by 5 to 15 bps on six terms of its 360 CDs and 360 IRA CDs this morning. The rates went up 15 bps on the mid-term CDs with terms from 24 to 48 months. The 60-month rate increased 10 bps, and the 12-month rate increased 5 bps. The new APYs are shown below in bold and are effective as...

Continue Reading
Capital One Ups Rates on All 360 CDs and 360 IRA CDs
Deal Summary: 360 CD rate hikes. Two noteworthy ones include 5-year CD, 2.80% APY; 1-year CD, 2.25% APY; No minimum deposit

Availability: Nationally available

Capital One increased the rates by 5 to 20 bps on all of its 360 CDs and 360 IRA CDs this morning. The shorter-term CDs had the largest rate increases with the 1-year CD rate increasing by 15 bps to 2.25% APY. The longer-term CD rates increased by only 5 bps with the 5-year CD rate increasing 5 bps to 2.80% APY. The new APYs...

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