Capital One's CD Rates for 2025: Strong but Not Setting Industry Standards
In the world of Certificate of Deposits (CDs), finding the best rates is crucial for maximising returns on your savings. Let's compare the current CD rates offered by Capital One 360 with some top online banks.
Capital One 360 CD rates are competitive, with a solid offering across various CD terms. For instance, a 1-year CD at Capital One has an APY of 4.00%, while the 3-year CD offers a 3.60% APY. The 6-month CD boasts a 4.20% APY, and the 18-month CD has a 3.80% APY.
However, if you're looking for the absolute highest yield, other online banks might be worth considering. As of August 2025, the top CD rates reach up to about 4.45-4.50% APY on short-term CDs like six months, such as those from Northern Bank Direct. This is higher than Capital One 360's 1-year CD rate.
Banks like Bask Bank offer 4.25-4.30% APY on 1-year CDs, and over 4% APY on shorter terms. National averages for CDs are much lower, close to 2.4% for six-month CDs, so these top offers stand out well above average.
Large traditional banks often have lower CD rates compared to online-only banks or credit unions focusing on savings products. Therefore, to maximise high-yield CD returns compared to Capital One 360, consider top online banks like Northern Bank Direct or Bask Bank, or credit unions offering in the 4.25-4.50% APY range for 6-month to 1-year terms.
One advantage of Capital One CDs is the lack of a minimum deposit requirement to open an account. Additionally, Capital One CDs automatically renew, so the 10-day window after maturity is the only time to withdraw without incurring a penalty.
It's important to note that Capital One does not offer IRA CDs. For those seeking IRA CDs, other banks such as Ally Bank, Fidelity, or Vanguard might be more suitable.
In conclusion, while Capital One 360 offers competitive CD rates, for those seeking the highest yields, exploring other online banks like Northern Bank Direct, Bask Bank, or Forbright Bank Growth Savings could yield better returns. As always, it's essential to compare rates for various terms and types, including best overall rates, 3-month, 6-month, 1-year, 3-year, 5-year, no-penalty, IRA, and more, to find the best fit for your savings goals.
- In the realm of personal-finance, finding the best Certificate of Deposits (CD) rates is paramount for maximizing savings returns.
- When comparing CD rates, Capital One 360's offerings are competitive, but may not be the absolute highest yield.
- For instance, some top online banks like Northern Bank Direct offer APYs up to 4.45-4.50% on short-term CDs, which surpass Capital One 360's 1-year CD rate.
- Banks like Bask Bank provide APYs of 4.25-4.30% on 1-year CDs and over 4% APY on shorter terms, making them worth considering.
- Large traditional banks often have lower CD rates compared to online-only banks or credit unions focusing on savings products, so it's advantageous to explore these options.
- Capital One CDs have no minimum deposit requirement to open an account, but they automatically renew with a 10-day window for penalty-free withdrawal.
- For those seeking IRA CDs, banks such as Ally Bank, Fidelity, or Vanguard might be more suitable, as Capital One does not provide IRA CDs.
