Capital One 360 Performance Savings
There are no monthly fees to get between you and your money. Zero never sounded so good.
on Capital One's site
Capital One 360 Performance Savings is an online savings account that pays a flat 4.00% APY on every dollar, with no monthly fee and no minimum balance. It stands apart from most online accounts because Capital One also runs physical branches and Cafes, which gives you an in-person option that pure online banks cannot.
What Capital One 360 Performance Savings offers
This is Capital One's core online savings product. It pays one rate across all balances, so you do not need to track tiers or hit a target to earn the full APY. Capital One is a full-service bank, which means you can pair the savings account with a 360 Checking account, manage everything in one app, and get help at a branch or a Capital One Cafe.
Capital One is one of the largest banks in the country, so the 360 Performance Savings account combines the rate you would expect from an online bank with the scale and infrastructure of a major institution. There are no separate account tiers and no relationship requirements. Everyone who opens the account gets the same straightforward product.
APY and how you earn interest
The account pays 4.00% APY on all balances, with no tiers and no conditions. A $500 balance and a $50,000 balance earn the same rate.
On a $10,000 balance, 4.00% APY works out to about $400 over a year. Interest compounds and is credited monthly, so the balance grows without any action on your part. There is no promotional rate that expires, which means the rate you open with is the rate you keep until Capital One changes it.
The APY is variable. Capital One can raise or lower it in response to market conditions, the same as any online savings account. Because there is no intro period, you do not have to track a calendar or worry about a rate cliff a few months in.
Fees and minimums
There is no monthly maintenance fee and no minimum deposit to open the account. You will not pay to keep it open, and a low balance does not cost you the APY. Capital One also does not charge for standard incoming or outgoing transfers. The result is a clean account where what you earn in interest is not eaten back by fees.
Accessing your money
The savings account does not include a debit card or ATM access. You withdraw by transferring money to a linked account, which can take a day or two over the ACH network, or by visiting a branch. If you want card access to your cash, Capital One's 360 checking account provides it and links directly to the savings account.
The branch and Cafe network is the account's most unusual feature. Most high-rate savings accounts are online-only, so the ability to walk into a location for help with a transfer, a question, or a problem is a genuine point of difference. Capital One Cafes also work as casual banking spaces where you can use an ATM or meet with staff.
Opening the account and the mobile app
You can open the account online in a few minutes and fund it with an external transfer. The Capital One mobile app is well regarded, with ratings around 4.8 on the App Store and 4.6 on Google Play, and it handles transfers, mobile check deposit, and account alerts. For savers who manage money mostly from a phone, the app experience is a real strength of this account.
Eligibility and FDIC coverage
The account is open to U.S. residents nationwide. There is no membership requirement, since Capital One is a bank rather than a credit union. You can open it online and there is no minimum to get started.
Deposits are FDIC insured up to $250,000 per depositor. One detail to know: for accounts opened after May 2025, that limit is calculated across all of your Capital One Bank deposits combined, rather than applied separately to each account. If you keep large balances at Capital One, factor that aggregation into how you spread your money.
Who Capital One 360 Performance Savings is best for
This account suits savers who want a straightforward, competitive rate without watching balance tiers or promotional clocks. It is a strong pick if you value the option of in-person service, or if you already bank with Capital One and want everything in one app.
It is less ideal in two cases. If you need ATM access directly from savings, other savings accounts may serve you better. And if you keep large balances spread across several Capital One accounts, the FDIC aggregation rule means you should plan your coverage carefully.
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Capital One's flat 4.00% holds up well against tiered accounts, where most savers land on a lower base rate and need a large balance to reach the headline number. An intro-rate account such as E*TRADE Premium Savings can pay more for a few months, but that advantage disappears once the promotion ends.
The real differentiator is the branch and Cafe network. If in-person access matters to you, Capital One is one of the few accounts on this list that can offer it while still paying a competitive online rate.
Frequently Asked Questions
Frequently Asked Questions
Pros
Competitive flat rate: every dollar earns 4.00% APY with no tiers, no conditions, and no balance to track.
No fees and no minimums: nothing to pay and no minimum balance to open or keep the account.
Branch and Cafe access: a rare option to get in-person help for an account that otherwise works like an online savings account.
Cons
No ATM or debit access on savings: withdrawals run through linked transfers or a branch visit, not a card.
Variable rate: Capital One can change the 4.00% APY at any time as market conditions shift.
Shared FDIC coverage: accounts opened after May 2025 share the $250,000 limit with your other Capital One Bank deposits.