What’s happening at Capital One? Even Discover, Marcus, Ally, and American Express currently offer higher rates than Capital One’s savings account. Most of Capital One’s direct CD rates have not changed since 12/14/2022. The three CD rates that have changed, the 3-year, 4-year, and 5-year have all been rate decreases. The one exception was their brief 11-month CD promotion @ 5.00% which ended last month. Additionally, they have not issued any new issue brokered CDs since November 2022. I guess their credit card business is doing fine and they don’t have a need for additional deposits.
Here are the Capital One rates as of 4-1-2023:
Savings Account @ 3.40%
3-month CD @ 3.30%
9-month CD @ 3.30%
12-month CD @ 4.15%
18-month CD @ 4.25%
24-month CD @ 4.30%
30-month CD @ 4.30%
3-year CD @ 4.30%
4-year CD @ 4.20%
5-year CD @ 4.10%
To view Capital One rates see: https://www.capitalone.com/bank/