Capital One is known for offering a variety of financial products. The products prominently include a wide range of Certificates of Deposit. It is designed to provide a safe and reliable means of saving money.

Investors can enjoy competitive interest rates that can easily exceed those of traditional savings accounts. Moreover, Capital One CDs can be a highly attractive option for individuals who require to maximize their savings potential.

Let’s find out in detail how Capital One’s CD rates offer the flexibility and security to grow your investments.

Capital One CD Rates Offers 

Some of the most authentic and highly credible CD rates that suit your financial strategy are as follows.

12-Month CD

  • Term Length: 12 months
  • APY: 4.60%
  • Minimum Deposit: None
  • Key Features
    • Ideal for short-term savings goals.
    • Guaranteed rate for the term of the CD.
    • Automatically renews at the end of the term.

Key Considerations

  • An early withdrawal penalty applies.
  • Interest can be transferred to another account or reinvested.

Pros & Cons

Guaranteed rate for the term.Early withdrawal penalty applies.
No minimum deposit required.Rates might be lower than longer-term CDs.

24-Month CD

  • Term Length: 24 months
  • APY: 4.70%
  • Minimum Deposit: None
  • Key Features
    • Higher APY for a slightly longer commitment.
    • Flexibility to choose between monthly or annual interest payouts.
    • No account fees.

Key Considerations

  • Early withdrawal penalties may reduce earnings.
  • Ideal for medium-term financial planning.

Pros & Cons

Higher APY for a medium-term commitment.Early withdrawal penalties.
No account fees, making it cost-effective.Rates may rise in future, missing higher returns.

60-Month CD

  • Term Length: 60 months
  • APY: 5.00%
  • Minimum Deposit: None
  • Key Features:
    • Highest APY among the options for long-term savings.
    • Interest compounded monthly, maximizing earnings.
    • Renewal options are available at maturity.

Key Considerations:

  • Significant commitment period.
  • Highest penalty for early withdrawal, making it less flexible.

Pros & Cons

Highest APY, maximizing long-term savingsSignificant early withdrawal penalties.

Collective Comparison CD Rates in Table

Here is a concise collective comparison of the Capital One CD rates in a single table given below, which includes term lengths, and APYs, for the concise one.

Feature/CD Offer12-Month CD24-Month CD60-Month CD
Term Length12 months24 months60 months
Minimum DepositNoneNoneNone
Points to Ponder– No minimum deposit
– Flexible interest options
– Guaranteed rate
– Higher APY for medium term
– No account fees
– Flexible interest payout
– Highest APY for long term
– Monthly compounding
– No minimum deposit

Are Capital One CD Rates Competitive? 

Capital One’s CD rates are extremely competitive to be enjoyed by the banking industry. All those people who are particularly interested in securing low-risk investment options with guaranteed returns find it extremely appealing to make a choice. 

With considerable APYs that exceed 4.50%, these rates stand out in comparison to traditional savings accounts and many other financial institutions’ CD offerings. 

The lack of a minimum deposit requirement across all terms further enhances their appeal, offering accessibility to a wider range of investors.

How do Capital One CD Rates Compare? 

In the broader context, when Capital One is compared to the broader market, CD rates are quite competitive. It often matches or surpasses all those rates who are offered by other large banks and financial institutions. 

This aspect makes the Capital One CDs highly accessible and appealing to a broad spectrum of savers. While online banks and credit unions might occasionally offer higher rates, Capital One’s is still considerable due to;

  • blend of competitive rates
  • Security of FDIC insurance
  • Convenience of multiple banking products and services

How Much You Can Earn With Capital One CD Rates? 

Investing your hard-earned money in the CDs of Capital One can be the most intelligent way to grow your savings with fixed interest rates. It has been fixed for predetermined periods. 

The considerable amount that you have earned precisely depends upon;

  • Annual Percentage Yield (APY) of the CD, 
  • Amount of your deposit
  • Term length of the CD. 

The basic overview of potential earnings that investors can earn by investing in the capital One banking CD option is as follows;

Term LengthAPYEarnings After Term
12-Month CD4.60%$460
24-Month CD4.70%$948
60-Month CD5.00%$2,763

Overview of Capital One 

Capital One Financial Corporation was established in 1994. It was initially owned by Richard Fairbank and Nigel Morris. From the time of its manufacturing, the bank has grown from a small credit card company into a diversified bank.

Overall, it is popular and considerable due to its innovative financial services industry. The unique and particular use of data analysis in the bank has promoted personalized customer service.

In terms of the result and output, Capital One manages hundreds of billions in assets. It operates numerous branches and Cafés that are primarily concentrated in the Northeast, Mid-Atlantic, and parts of the South and Midwest of the United States.

Moreover, Capital One provides access to over 70,000 fee-free ATMs through the Allpoint and Capital One networks. This makes it highly convenient for customers to manage their finances virtually anywhere in the country.

Locations of Capital One

Capital One operates branches and Capital One Cafés primarily in ;

Frequently Asked Questions 

What is the minimum deposit for a Capital One CD?

There is no minimum deposit required to open a Capital One CD.

Are Capital One CDs FDIC insured?

Yes, Capital One CDs are FDIC-insured up to the maximum allowed by law.

Can I withdraw my money before the CD term ends?

Yes, but early withdrawal from a Capital One CD will result in a penalty.

How can I open a Capital One CD?

You can open a Capital One CD online, via phone, or at select branch locations.

Do Capital One CD rates change?

Yes, CD rates at Capital One can change based on market conditions but the rate is fixed once you open a CD.