Last Updated: 04/18/2025
Capital One Kids Savings Account
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in Savings Accounts from Capital One
Last Updated: 04/18/2025
Not enough votes for recommendation
Rating not yet determined2 total votes
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Highlights
APY (Annual Percentage Yield)
2.50%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
Capital One Kids Savings Account Review
Capital One Kids Savings Account is offered by Capital One, a bank founded in 1933 and based in McLean, VA. Capital One savings account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.50%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Capital One savings account Pros & Cons
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Capital One savings account FAQ
Are savings accounts from Capital One federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Capital One offer a signup bonus?
Capital One savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Capital One savings account?
There is no minimum deposit to open a Capital One savings account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Capital One Kids Savings Account offer?
Capital One savings account offers an APY of 2.50% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Capital One savings account charge?
Capital One savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30 fee.
- Capital One savings account charges $5 every time you request a paper statement.
What features and perks does Capital One savings account offer?
This savings account includes the following features:
- Fraud monitoring - Capital One savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Capital One savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Capital One savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Capital One savings account?
The customer support email for Capital One savings account is support@capitalone.com.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
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Other Savings Accounts from Capital One
APY (Annual Percentage Yield)
3.90%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
N/A
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Learn MoreSuperMoney Net Recommendation Score
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Capital One Kids Savings Account Community Reviews
Would you recommend Capital One Kids Savings Account to your friends?
C
Callista
Apr 1, 2022
May or may not recommend
A few years ago when I was a teenager, my mother had opened a capital one kids savings account for me since I had just begun working, and we spent almost a whole day setting up my account. On several occasions, we tried linking my mother's personal checking account with the capital one savings account and it would repeatedly give an error message. Because of this, we called customer service ...Show More
WS
Warda S.
Sep 28, 2021
May or may not recommend
I just give them a chance for my daughter as she loves to shop by herself. I know she is so young to use the bank accounts amd can make troubles with the account. But they always fixes all the troubles.
Showing 2 of 2 reviews
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