Last Updated: 04/18/2025
SuperMoney User Recommendation Score +86
Strongly recommended7 total votes
Explore a similar product
Try this top product in Savings Accounts
Chime Savings Account
Mostly recommended31 reviews
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
3.90%(Verified 11/26/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
N/A
Number of Reviews
Capital One 360 Performance Savings Account Review
Capital One 360 Performance 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 3.90%, 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.
- No ATM fees. Capital One 360 Performance Savings Account does not charge fees on ATM transactions .
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
Capital One savings account Pros & Cons
| Pros | Cons |
|
|
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 Average Balance to Avoid Monthly Service Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Capital One 360 Performance Savings Account offer?
Capital One savings account offers an APY of 3.90% (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:
- ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
- 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.
- 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.
How do people rate the customer service and user experience of Capital One savings account?
Overall, Capital One savings account is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
Other Services by Capital One
Business Loans
Be the first to rate
Investment Advisors
Be the first to rate
Auto Loans
10
29
41 Reviews
Budgeting Apps
Be the first to rate
Auto Loan Refinancing
Rating not yet determined (1 Review)
Other Savings Accounts from Capital One
Rating not yet determined
APY (Annual Percentage Yield)
2.50%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +86, or 4.7 on a 5-point rating scale.
+86
-1000+100
No one recommends
Everyone recommends
Capital One 360 Performance Savings Account Community Reviews
Would you recommend Capital One 360 Performance Savings Account to your friends?
JW
Justine W.
Oct 23, 2023
May or may not recommend
The interest rate on the 360 Savings account is great. Mine is actually higher than what is posted here (it's 4.30%) and since it's calculated monthly, I get about $3-4 each month-pro tip: I leave my rent money in there and it calculates based on that amount. The more you keep in savings, the more you get per month. It's great!
Sienna B.
May 8, 2022
May or may not recommend
I like using this savings account because it's easily connected to my checking and Venture One credit card. I can see everything clearly in the app, which is super convenient. This savings account also gives interest. It's low, but that's usually how banks are with their interest anyway. One potential downside is actually the same as the upside — it's so easy to access this savings account, you might find ...Show More
AG
Allyson G.
Mar 5, 2021
May or may not recommend
I love the option of having many subaccounts and having savings goals. This helps to motivate me toward them and help me manage my money by having direct deposits going into many accounts. I love the flexibility and personalization of the account set up options!
JB
J B.
Jan 6, 2021
May or may not recommend
I have been using a Capital One savings account for some time now and I have found them to very responsive to any questions that I may have in regard to my money. I have never had any issues with this company, and they are always ready and willing to assist with whatever you need.
Jessica T.
Oct 11, 2020
May or may not recommend
I opened one of these accounts last year to save for a car for my nieces graduation but I ended up really loving it so much that I made 3 more of them for various long term expenses (house payment, for example). I really love how easy it is to transfer money directly into the accounts, and how its not easy to withdrawal it. You can send it back to ...Show More
Cody B.
Oct 6, 2020
May or may not recommend
I highly recommend Capital One 360 Savings (and also Capital One 360 Checking).
Capital One 360 Savings pays one of the highest interest rates not only for savings accounts, but also compared to other banking products such as certificates of deposit (CDs). (I’ve done plenty of shopping around.) This is true even if your balance is on the smaller side. The banking products offered at larger banks such as Bank of ...Show More
Tiffany K.
Sep 9, 2020
May or may not recommend
While there’s nothing overly horrible about this service, I wasn’t super impressed. It charged a monthly fee that I could avoid by banking with a different company. I really prefer to avoid the monthly fees as much as possible, especially on accounts with lower interest rates and when there are a small number of transactions. They do have a great chat feature for their customer service, which makes it easy ...Show More
Showing 7 of 7 reviews
You might also like
Best Savings Accounts
SuperMoney
Checking vs. Savings Account: Which Do You Need?
Andrew Latham
Opening a Joint Account: The Definitive Guide
Jessica Walrack
