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Capital One CD rates
Capital One pays significantly higher rates than what you’ll earn with brick-and-mortar banks, especially for long-term CDs.
Capital One is one of the few banks that doesn’t require any minimum deposit, so you can open a CD regardless of how much money you have.
The bank charges low-to-standard penalties for withdrawing funds before your CD matures. You’ll pay 3 months interest for a term of 1 year or less, and 6 months interest for a term of more than a year.
How Capital One CD rates compare with competitors
Editor’s Rating
Editor’s Rating
Editor’s Rating
We compared Capital One CD rates with two other online banks known for paying high rates: Ally and Marcus by Goldman Sachs.
Capital One CD rates vs. Ally CD rates
Both banks are among the few that let you open a CD with no minimum deposit.
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.
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Capital One CD rates vs. Marcus CD rates
Marcus pays similar CD rates as most Capital One CDs. But Marcus requires $500 to open a CD, so 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.
