What is the current Capital One 360 CD rate?

As of mid-September 2026, Capital One's 12-month 360 CD is priced around 4.00% APY, and Capital One has also run a limited-time 11-month CD at a higher promotional rate (reported around 4.30% APY — confirm current, since this changes). Capital One does not require a minimum deposit, which sets it apart from many traditional banks. Rates change frequently, especially following the Federal Reserve's September 16, 2026 rate hike — verify the current rate at capitalone.com before opening, and treat any promotional term rate as time-limited.

What is the minimum deposit for a Capital One 360 CD?

Capital One 360 CDs have no minimum deposit requirement, confirmed on Capital One's own CD disclosures. You can open a CD with any amount. This makes Capital One one of the most accessible options for new savers building their first CD, especially compared to traditional banks that require $1,000–$2,500 to get started.

Does Capital One have a no-penalty CD?

No. Capital One does not currently offer a no-penalty CD. If you need the option to access funds before maturity without a penalty, Ally Bank's no-penalty CD is a commonly cited alternative — confirm Ally's current term and rate before comparing, since these also change. Capital One's CDs are standard fixed-term accounts — withdrawing early triggers an early withdrawal penalty.

What is Capital One's early withdrawal penalty for CDs?

Capital One's CD disclosures state that terms under 12 months forfeit 3 months of interest, and terms of 12 months or more forfeit 6 months of interest on early withdrawal. If you break a 12-month CD early, you could lose roughly half a year's worth of interest — factor this cost in before locking funds. Confirm the exact penalty for your specific term in Capital One's account disclosures before opening.

How does Capital One compare to Ally and Marcus for CDs?

All three are online banks with competitive rates and no (or low) minimum deposits. CD rates move independently at each bank and can change week to week, so a bank that leads on one term this month may not next month. Capital One's advantage is brand familiarity and an existing banking relationship for current customers. Ally has a no-penalty CD option. Compare all three at the time you open — confirm each bank's current published rate rather than relying on a fixed number, since CD rates shift with the Federal Reserve's rate decisions.

Capital One CD Rates 2026 — 360 CD Terms, APYs, and How They Compare

Capital One 360 CD rates declined for most of 2026 along with the broader rate environment, though that trend may now be shifting. As of mid-September 2026, the 12-month term is priced around 4.00% APY, with Capital One periodically running a limited-time promotional CD (recently an 11-month term at approximately 4.30% APY — confirm current promotional rate, since these change often) at a rate slightly above its standard lineup. On September 16, 2026, the Federal Reserve raised its target rate 0.25 points to 3.75%-4.00% — its first hike since 2023 — reversing the cutting/holding pattern that had pushed CD rates lower through most of the year. Online-bank CD rates typically respond to Fed moves within days to weeks, so treat any “rates have been falling” assumption as no longer reliable going forward. With no minimum deposit and no monthly fees, the 360 CD remains accessible even for savers who can’t meet a high opening-balance threshold — but the rate itself moves often and should be confirmed before opening.

Rates below are approximate figures reported as of September 9-18, 2026 (corroborated against Capital One’s own CD page and independent rate trackers) and change frequently, especially following the September 16 Fed rate hike. Capital One’s own rate pages update in real time — confirm the exact current rate at capitalone.com before opening an account, and treat any “limited-time” or promotional term as time-limited.

Capital One 360 CD Rates by Term (as of September 2026 — confirm current rate)

Term	Approximate APY*
6 months	~3.30%
9 months	~3.75%
11 months (limited-time promotional term, if offered)	~4.30% reported as of mid-September 2026 — promotional rate, confirm current offer at capitalone.com
12 months	~4.00%
18 months	~3.60%
24 months	~3.50%
30 months	~3.50%
36 months	~3.50%
48 months	~3.50%
60 months	~3.60%

Approximate rates as of September 2026, based on Capital One’s published rate changes. Capital One’s rates are variable and can change at any time — verify the exact current APY at capitalone.com/bank/cds/online-cds/ before opening.

Capital One frequently runs a “limited-time” CD term (recently an 11-month CD) at its highest available consumer CD rate — treat any such promotional rate as time-limited and confirm it’s still active before opening.

How Much Can You Earn?

On a $10,000 deposit at an illustrative 12-month rate of 4.00% APY:

After 12 months: ~$10,400 ($400 in interest)
After 2 years (2-year CD at an illustrative 3.50% APY): ~$10,712 (~$712 in interest)
After 5 years (5-year CD at an illustrative 3.60% APY): ~$11,932 (~$1,932 in interest, assuming the rate holds at renewal — actual renewal rates vary)

These are illustrative calculations using the approximate rates above; your actual return depends on the rate in effect when you open the CD. For comparison, the national average rate on a 12-month CD, tracked by the FDIC, is meaningfully lower than Capital One’s online rate — check the FDIC’s National Rate table for the current national average before comparing.

Early Withdrawal Penalties

Term	Penalty
Less than 12 months	3 months of interest
12 months or more	6 months of interest

Per Capital One’s 360 CD account disclosures. Confirm the exact penalty schedule for your specific term before opening, since disclosures can be updated.

Example: If you open a 12-month CD at an illustrative 4.00% APY with $10,000 and withdraw after 6 months, you would forfeit 6 months of interest — approximately $200, based on that illustrative rate. Capital One does not offer a no-penalty CD, so plan carefully before locking funds.

Capital One 360 CD vs. Competitors

	Capital One 360	Ally Bank	Marcus by Goldman Sachs	Discover Bank
Minimum deposit	$0	$0	Confirm current minimum	Confirm current minimum
No-penalty CD	No	Yes (confirm current term)	No	No
Early withdrawal (12-mo CD)	6 months interest	Confirm current policy	Confirm current policy	Confirm current policy
FDIC insured	Yes	Yes	Yes	Yes

APY comparisons across banks are omitted here because CD rates change independently at each institution, sometimes weekly. Compare live rates side-by-side on each bank’s own site at the time you’re ready to open — a bank that leads on one term this month may not next month. Capital One is a strong option if you’re an existing 360 banking customer and want to consolidate accounts and value the $0 minimum deposit.

Capital One CD Renewal

When a Capital One 360 CD matures, it automatically renews into the same term at Capital One’s then-current rate for that term. Capital One’s CD disclosures describe a grace period after maturity — confirm the exact number of days in your CD’s disclosure, since this can vary by product — during which you can withdraw funds, add money, or change the term without an early withdrawal penalty.

The renewing rate depends on Capital One’s current offering on that term at maturity, which moves with the broader rate environment. Interest rates trended lower for most of 2026 before the Federal Reserve’s September 16, 2026 rate hike, so a CD renewing in the weeks before that hike may see a lower rate than it opened at — but a CD renewing after it could see a flat or higher rate, depending on how the market responds. Don’t assume the direction automatically; set a calendar reminder before maturity to review your options and compare Capital One’s then-current rate against other banks, rather than letting the CD auto-renew by default.

CD Laddering with Capital One

Because Capital One’s 360 CDs have no minimum deposit, they are practical for building a CD ladder — a strategy where you split savings across multiple terms to balance yield and liquidity.

Illustrative 3-rung ladder with $12,000 (using the approximate September 2026 rates above):

$4,000 in a 6-month CD at ~3.30% APY
$4,000 in a 12-month CD at ~4.00% APY
$4,000 in a 2-year CD at ~3.50% APY

When the 6-month CD matures, you can roll it into a new 12-month CD at whatever rate is then current. Every 6 months you have access to one-third of your money while keeping the rest earning a fixed rate for its term. Confirm current rates for each rung before opening, since these move.

Who Should Open a Capital One 360 CD?

Capital One 360 CDs work well for:

Existing Capital One 360 banking customers who want to consolidate
New savers with smaller amounts — no minimum deposit lowers the barrier
Anyone who wants a fixed rate locked in without managing a brand-new bank relationship

Consider alternatives if:

You need penalty-free access before maturity (compare a no-penalty CD from another bank, confirming its current term and rate)
You want the highest rate available and are willing to compare current published rates across several banks before opening
You prefer in-person branch access (Capital One has Cafés in select cities but a limited branch network)

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

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