Capital One Raises 360 Money Market Rate


Deal Summary: 360 Money Market, 1.10% APY ($10k+), 0.60% APY (up to $9,999.99)

Availability: Nationally available

In March 2016, a new Money Market account was unveiled by Capital One 360, the now defunct online banking subsidiary of Capital One Financial Corporation. Earlier this year, Capital One 360 was quietly absorbed into Capital One, although the “360” moniker is now attached to the majority of Capital One products.

The 360 Money Market maintained its 1.00% APY on balances of $10k+ throughout the past 15 months, and today the rate was raised to 1.10% APY ($10k+). Balances below $10k still earn 0.60% APY.

1.10*%$10k-Capital One360 Money Market
OTHER TIERS: 0.60% Up to $10k
Accounts mentioned in this post. Rates as of August 17, 2017.

The 360 Money Market has no monthly service charge, no minimum opening deposit, or minimum balance requirement. The 360 Money Market Account Disclosures details almost all features of the account.

I say “almost” because the process of making a withdrawal is described as,

You can request a withdrawal from your account by calling us or
by using our website. You may not write any checks on this account.

CSR confirmed that the 360 Money Market account does not have a debit card or checks associated with it. He suggested the easiest way to access funds would be to transfer funds into an existing Capital One checking account. As the 360 Checking account has no minimum balance requirement or monthly service fee, the lack of checks/debit card for the 360 Money Market shouldn’t be considered a deterrent.

0.90*%$100k-Capital One360 Checking
OTHER TIERS: 0.20% Up to $50k | 0.75% $50k - $100k
Accounts mentioned in this post. Rates as of August 17, 2017.

While there is no formal definition of a Money Market account that is carved in stone somewhere, having no checks/debit card makes the 360 Money Market more like a savings account. The only difference between the 360 Money Market and the 360 Savings account seems to be the balance tiers and the APYs.

0.75%--Capital One360 Savings Account
Accounts mentioned in this post. Rates as of August 17, 2017.


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 with a U.S. physical address and a valid Social Security number can open an account at Capital One. Individual Taxpayer Identification Numbers (ITINs) will not accepted.

The 360 Money Market account can be opened as an individual account, as a joint account, or as a living trust account.

Opening 360 Money Market account can be done online, and must be funded from a personal checking account.

Account opening deposit must be from a personal checking account only. Please note:

We don't accept brokerage, money market or savings accounts (institutions put restrictions on these types of accounts that prevent electronic transfers).

If your check has the words "Payable Through" with another bank name listed near the memo field, it can't be linked.

If you are already a Capital One customer, you can open and fund the 360 Money Market account from your Capital One liquid accounts or from your linked checking account.

Bank Overview

Capital One has an overall health grade of "A" at, with a Texas Ratio of 5.54% (excellent), based on March 31, 2017 data. In the past year, Capital One has increased its total non-brokered deposits by $13.68 billion, an excellent annual growth rate of 6.7%. Please refer to our financial overview of Capital One (FDIC Certificate # 4297) for more details.

Earlier this year, Capital One 360, which had operated as a stand-alone internet division following Capital’s One 2012 acquisition of ING Direct (another internet bank), was absorbed into Capital One, and no longer exists as a separate entity. Many of Capital One’s products now contain “360” in their names, i.e., 360 Money Market. With assets in excess of $282 billion, Capital One is currently the seventh largest bank in the country.

How the 360 Money Market Compares

When compared to the 176 Money Market Accounts tracked by that require a similar minimum balance and are available nationwide, Capital One’s 360 Money Market APY currently ranks seventh.

The above rates are accurate as of 6/27/2017.

To look for the best Money Market Account rates, both nationwide and state specific, please refer to our Money Market Account rates table or our Rates Map page.

Related Pages: money market accounts, nationwide deals, Internet banks

Ed F
Ed F   |     |   Comment #1
opening this account forces the elimination of any U.S. mail statements. You are required to accept EMAIL statements for any and all CAPITAL ONE bank accounts.
rhutnik   |     |   Comment #2
This is true. However, you are able to still get paper statements for any credit cards you have with them, even if you are also a banking customer. There are also a few promotions still out there for the MMA account for new customers or those without a prior checking or savings account with them, for example:
Anonymous   |     |   Comment #3
Capital One wastes lots of money sending me offers to open money market, checking and credit card accounts. I probably get at least one offer and possibly 2 or 3 each week. The rates they offer me are lower than I have with other financial instututions. I even telephone them to tell them that. They insist on offering products with lower rates in my area. A while back -- a few years ago they offered bonuses and 1.25% on money markets. I had an account back with them back then. But not now. Their rates are too low.
Robb   |     |   Comment #5
They had one of the best 5 year CD rates at 2.3% back in March/April of the mainline banks but fell back to 2.1% in May. So they do have some competitive offerings but you have to be quick to take advantage of them. They also have some good bonus offers on specific accounts from time to time without jumping through a lot of hoops like some of the CU's often require.
buckeye61   |     |   Comment #4
I'm glad to see them offer a somewhat competitive savings product, but I don't understand why their 360 Savings is still at 0.75%.
barry_NY   |     |   Comment #6
A tip: Capital One's brokerage Money Market account pays 0.90%, with no minimums. It has instant transfers to/from their regular checking/savings accounts. If you have less than 10K with them, this is a way to squeeze out a higher return with no drawbacks, except no FDIC.
DCGuy   |     |   Comment #7

Note that the 0.9% is for a mutual fund that is not FDIC insured. The FDIC insured product in the brokerage account pays a paltry 0.01%
Martin   |     |   Comment #8
To little to late, they should have start raising the rates in January not now. Most of the money is gone to much better rates at other banks and CUs. Today average is 1.5% for liquid accounts, long way for them to catch up.
Att   |     |   Comment #9
1.5% is the top for a liquid account which I consider a savings account. The 11month 1.5% for 25K+ no penalty from Ally is liquid and guarantees the rate for 11 months.
Capital One Offers $200 Bonus For New 360 Money Market Account
Deal Summary: 360 Money Market, 1.00% APY on balances of $10k+, $200 bonus offered through June 30, 2017.

Availability: Nationally available

Now through June 30, 2017, Capital One is offering a publicly available $200 bonus when opening a new 360 Money Market account online and depositing at least $10k. In this instance, “new” really means new:

In February, DA reader, stevel, wrote a Forum post about a targeted $200 bonus on Capital One’s 360 Money Market, which currently earns 1.00% APY on balances of $10k+. According to CSR,...

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Big CD Rate Hikes at Capital One, 5-Year CD Now 2.30% APY

Deal Summary: 5yr CD, 2.30% APY; 2yr CD, 1.60% APY; 18mo CD, 1.45% APY; no minimum deposit

Availability: Nationally available

Capital One increased the rates on four of its 360 CDs this morning. The 5-year CD rate had the largest increase. The APY is now 2.30%, up by 30 basis points. The 2-year CD rate also had a sizeable increase, up 15 basis points to 1.60% APY. The 18-month CD rate increased 10 basis points to 1.45% APY, and the 9-month CD rate increased 20 basis points to 0.60% APY.

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Capital One Raises 1-Year 360 CD Rate to Competitive Level

Deal Summary: 12-month CD, 1.30% APY, no minimum deposit

Availability: Nationally available

Capital One made a large increase to its 1-year 360 CD rate. The APY increased 40 basis points to 1.30%. This rate increase brings the 1-year CD to a competitive level. Capital One now has competitive online CD rates with terms from one to five years.

One thing to note is that this is a 360 CD from Capital One. Capital One 360 no longer exists as a separate entity. It’s now under Capital One. All of...

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Capital One 360 Offers $100 Money Market Bonus
Availability: Nationally available

In March, I wrote about Capital One 360’s new 360 Money Market, which currently earns 1.00% APY on balances of $10k+.

For the next ten days, Capital One 360 is offering a $100 bonus when opening a new 360 Money Market account by December 15, 2016, and depositing at least $10k by December 31, 2016.

The requirements to earn the $100 bonus are straightforward:

  • Open your “very first” 360 Money Market account online by December 15, 2016.
  • Use the promo code “Merry100.”
  • Deposit at least $10k (from an external account)...
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Capital One 360 Hikes All CD Rates
Availability: Nationally available

Following precipitous rate drops in June, Capital One 360’s long-term CDs were removed from the bi-weekly CD Rates Summary; the short-term CDs had been MIA from the Summary since February. That changed yesterday when Capital One 360 hiked the APYs on its CDs, with increases ranging from 35 to 75 basis points.

Capital One 360 has no minimum opening deposits or maximum balance caps for any of its CDs. The CDs are also available as IRAs (Traditional and Roth) earning the same APYs, with...

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