Capital One 360: High yield with no minimums or monthly fees

Capital One offers credit cards, loans, commercial services, checking, and savings accounts. If you’re not near any of its branch locations, such as one of its 54 café locations, you can still bank online. Its online division is called Capital One 360, and that’s where you can find high-yield savings accounts, checking accounts, and certificates of deposits (CDs). 

This review focuses on the products you can find through its Capital One 360 service. All rates and fees are current as of February 14, 2024, and are subject to change.

Capital One 360 at a glance

• Checking accounts: Starting at $0 per month
• Savings accounts: Open with as little as $0
• CD rates: Earn up to 5.00% annual percentage yield (APY)

Who is Capital One good for?

Capital One is ideal for anyone who appreciates a digital banking experience so they can handle banking tasks anytime, anywhere, with few fees or minimum requirements. Its checking and savings accounts have no minimum account opening requirements, no minimum balance requirements to earn interest, and no monthly fees. Setting up multiple accounts is easy, and you can view these from a single dashboard, making it ideal for those who have specific goals set up for each account they have.

For people who travel frequently, having access to a large network of fee-free ATMs means easy access to cash. Additionally, if located near any one of its 50-plus café-style branches, customers can enjoy a coworking space and coffee shop all rolled into their banking experience. 

Who shouldn’t use Capital…