Capital One 360 CDs have no minimum deposit, and the rate on a new CD is whatever Capital One offers for that term on the day you open it. Capital One’s CD pages did not show readable term-by-term rates when we checked on October 15, 2026, so this page does not list APYs. Check the rate on capitalone.com before you open. On September 16, 2026, the Federal Reserve raised its target range to 3.75%-4.00%, so rates for new CDs may differ from earlier in the year. Capital One’s disclosure says Discover CD accounts are becoming Capital One CD accounts; its updates page covers what that means for existing Discover CDs.
What Capital One’s CD Disclosure Says
| Feature | Detail |
|---|---|
| Minimum deposit | None to open or maintain; a CD may not exceed $1,000,000 |
| Rate | Fixed until the maturity date |
| Compounding | Monthly |
| Partial withdrawals | Not allowed during the term |
| Rate lock | If you fund the CD within 10 calendar days of applying and the rate for your term changed, you get the higher of the two rates |
| Renewal | Renews automatically into the same term (or the next closest) at the rate offered on the maturity date |
| Grace period | 10 calendar days after maturity to redeem or make changes |
Source: Capital One’s online CD account disclosure.
Early Withdrawal Penalties
| Term | Penalty |
|---|---|
| 12 months or shorter | 3 months of interest |
| Longer than 12 months | 6 months of interest |
Per Capital One’s online CD account disclosure. The disclosure also says the penalty can be greater than the interest you have earned, and that a CD can be redeemed early without penalty if an owner dies or is declared legally incompetent.
Example: If you open a 12-month CD, you pay the 3-month penalty tier (a term of exactly 12 months falls in the lower tier). On $10,000 at a hypothetical 4.00% APY, three months of interest is about $100 (about $10,000 x 4.00% x 3/12).
How Capital One Compares
| Capital One 360 | Ally Bank | |
|---|---|---|
| Minimum deposit | None | None |
| FDIC insured | Yes | Yes |
For rates, compare the dated rates in our best CD rates guide with what Capital One and Ally show on their own pages the day you open. The FDIC’s national average 12-month CD rate was 1.73% as of September 21, 2026.
Capital One CD Renewal
When a Capital One CD matures, it renews on its own into the same term, or the next closest term if yours is no longer offered, at the rate offered that day. You have 10 calendar days after maturity to withdraw the full balance or make changes. Set a calendar reminder before maturity so you can compare Capital One’s rate against other banks.
CD Laddering with Capital One
Because Capital One’s CDs have no minimum deposit, they work for a CD ladder, where you split savings across several terms to balance yield and access. A simple example is three equal CDs at 6, 12 and 24 months: each time one matures, you can reinvest it at the rate then offered. Check each term’s rate before opening, since they move.
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The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy