Capital One CD Rates Today - Earn up to 5% APY

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Compared to some of the other largest banks in the US, Capital One 360 pays some of the best CD rates out there. The online bank is also fairly straightforward when it comes to its options — it has traditional CDs ranging from six months to five years.

Capital One CD Rates

Capital One 360 CDs pay Capital One 360 CD - APY APY. Capital One is one of the few banks that has CDs with a Capital One 360 CD - Minimum Deposit minimum deposit, so you can open a CD regardless of how much money you have.

Capital One CD rates are more competitive than the average CD rate, regardless of which term you want. Here are the current Capital One CD rates:

Capital One CD Rates Pros and Cons

Capital One 360 CD FAQs

What is Capital One currently paying for CD rates?

Capital One 360 CDs currently pay Capital One 360 CD - APY APY. 

Is Capital One a good place to open CDs?

Yes, Capital One is a good place to open CDs if you prioritize banking with a national brand. If you're strictly looking for the highest CD rates available, however, there may be other financial institutions with even higher rates right now.

What are the disadvantages of a Capital One 360 CD?

Capital One 360 CDs, as with any traditional CD, have the disadvantage of an early withdrawal penalty. If you need to take out money before the term ends, you will have to pay a penalty. 

How Capital One CD Rates Compare

Capital One CD Rates vs. Ally CD Rates

Both online banks are among the few that let you open a CD with $0.

If you're strictly looking for which one offers the higher interest rate, Capital One may be a better option for more terms. Capital One pays higher CD rates for 6-month, 18-month, 2-year, 3-year, or 4-year terms. Ally CD rates may be appealing if you're specifically searching for a 9-month term, though. 

Ally also has an 11-month No Penalty CD and a 2-year or 4-year Raise Your Rate CD. The latter gives you the option to increase your rate should Ally's rates go up during your term — once during the two-year term, and twice during the 4-year term.

Ally Bank Review

Capital One CD Rates vs. Marcus CD Rates

Deciding between Capital One and Marcus CD rates could be a toss-up depending on which term you want. Marcus CD rates are higher for short-term CDs under one year, while Capital One CD rates are more competitive for long-term CDs over four years.

Also, keep in mind Marcus requires $500 to open a CD. If you don't have that much cash ready, Capital One is the clear choice.

There is also a Marcus No-Penalty CD with 7-month, 11-month, and 13-month terms.

Marcus Bank Review

Why You Should Trust Us: How We Reviewed Capital One 360 CDs

We rate bank accounts on a scale from zero to five stars. For our CD review, we used our CD methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and the ethics of the company.