Capital One Rates CD Rates Reviewed

Capital One CD Rates

Capital One Bank provides personal savings accounts including competitive CD rates, money market accounts, and savings accounts. In this Capital One CD Rates Review, I will compare Capital One CD rates, savings account, and money market rates to other top bank rates in the United States as well as to CD Type annuity rates.

Capital One CD Rates

CD Term	APY	Minimum
6 Month CD	3.30%	$0
9 Month CD	0.10%	$0
12 Month CD	4.15%	$0
18 Month CD	4.25%	$0
24 Month CD	4.30%	$0
30 Month CD	0.25%	$0
36 Month CD	0.60%	$0
48 Month CD	4.20%	$0
60 Month CD	4.10%	$0

Annual Percentage Yields (APY) are variable and effective as of 5/10/2023. CD rates are fixed upon opening the account. Early withdrawal penalties apply. The above terms are offered at this time and are subject to change.

Calculations are based on interest that is accrued daily but paid and compounded monthly through the CD term. Calculations assume 30 days per month and that monthly interest is reinvested in the CD and results in the above table are rounded to the nearest dollar. Actual earnings may vary.

Capital One 360 Savings Account Rates

Capital One 360 Performance Savings is a high-yield, fee-free savings account you can open in about 5 minutes.

Type	Minimum Balance	APY
360 Savings Account	$0.01	0.40%

APY = Annual Percentage Yield

There is no minimum balance to open the disclosed rate.

Capital One Checking Account Rates

Type	Minimum Balance	APY
360 Checking Account	$0.01	0.40%

Web access is needed to use mobile banking. Check with your service provider for details on specific fees and charges. Routine or unscheduled maintenance may impact accessibility. Mobile deposits are available only in the U.S. and U.S. territories.

CDs vs Fixed Annuity

A multi-year guaranteed annuity (MYGA) is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.

FEATURES	FIXED ANNUITY	CD
Issued By	Insurance Companies	Banks
Investment Amount	$2,000 - $1,000,000	Essentially Any Amount
Investment Term	2 years - 10 years	3 months - 5 years
Interest Rates (APY)	Varies by product.	Varies by bank, term and investment amount.
Liquidity	Usually, 10% annually or interest earned.	Almost always accumulated interest.
Guarantees	Backed by Insurer & State Guaranty Associations.	Backed by the FDIC.
Death Benefit	May avoid probate.	Probate process required.

Today's Best Guaranteed Annuity Rates

Fixed annuity rates are guaranteed for a set number number of years.

Term	Rate	Company	Annuity	AM Best	Free withdrawals	Application
2 Years	5.10%	CL Life	CL Sundance	B++	Interest Only	Apply
3 Years	5.85%	Revol One	DirectGrowth MYGA	B++	none	Apply
4 Years	5.10%	Americo Financial	Platinum Assure	A	5%	Apply
5 Years	6.05%	DirectGrowth MYGA	DirectGrowth MYGA	B++	none	Apply
6 Years	5.38%	American National	Palladium MYG	A	10%	Apply
7 Years	6.70% Simple	Knighthead Life	Staysail Annuity	A-	None	Apply
8 Years	5.40%	Clear Spring LIfe	Preserve MYGA	A-	None Yr 1 10% Yrs. 2-8	Apply
9 Years	5.40%	Clear Spring LIfe	Preserve MYGA	A-	None Yr 1 10% Yrs. 2-9	Apply
10 Years	5.90%	DirectGrowth MYGA	DirectGrowth MYGA	B++	None	Apply

Today's Top CD Rates

3 Month CD Rates

Best 3-Month CD Rates	APY	Term	Minimum
Signature Federal Credit Union	5.55%	3 Months	$500
Ponce Bank	5.40%	3 Months	$1
Western Alliance Bank	5.41%	3 Months	$1

12 Month CD Rates

Bank	Rate	Term	Minimum
All In Credit Union	5.85% APY	12 Months	$100,000
My eBanc	5.77% APY	12 Months	$100,000
State Bank of Texas	5.75% APY	12 Months	$50,000

2 Year CD Rates

Bank	Rate	Term	Minimum
Luana Savings Bank	5.68% APY	24 Months	$100,000.00
Maple Mark Bank	5.40% APY	24 Months	$25,000.00
Crescent Bank	5.35% APY	24 Months	$1,000.00

3 Year CD Rates

Bank	APY	Term	Minimum
Valley National Bank	5.60%	36 Months	$500
Bread Savings	4.95%	36 Months	$1,500
The State Exchange Bank	4.70%	36 Months	$1

4 Year CD Rates

Bank	APY	Term	Minimum
Bread Savings	4.75%	48 Months	$1
The State Exchange Bank	4.50%	48 Months	$1
Barclays	4.45%	48 Months	$1

5 Year CD Rates

Bank	APY	Term	Minimum
Farmers Insurance	5.00%	60 Months	$1,000
Schools First Credit Union	4.75%	60 Months	$100,000
Bread Savings	4.75%	60 Months	$1,500

Key Take-Aways

A certificate of deposit is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement savings you can learn more about fixed “CD Type Annuities“ here.

If you would like a personalized annuity quote you can contact us or use one of our fixed annuity calculators to see how much an annuity would pay you.

Frequently Asked Questions

Are Annuities FDIC Insured?

While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.” Financial Industry Regulatory Authority (FINRA). Visit FINRA’s Fixed Annuities Webpage

Can you Loose money in a fixed annuity?

You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.