Compound Interest Calculator
Savings Account from Capital One 360 with 3.10% APY and $0 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from Capital One 360 with 3.10% APY and $0 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $27,140. The interest earned would be $7,140 and the tax amount on the interest earned would be approximately $2,142.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Capital One 360
Savings Boost of
$4,667 over 10 years
$4,667 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Capital One 360 Interest Earned
$4,998
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Capital One 360 Scenario
| Rate: 3.10% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 620 | 434 |
| 2 | 20,620 | 639 | 447 |
| 3 | 21,259 | 659 | 461 |
| 4 | 21,918 | 679 | 476 |
| 5 | 22,598 | 701 | 490 |
| 6 | 23,298 | 722 | 506 |
| 7 | 24,020 | 745 | 521 |
| 8 | 24,765 | 768 | 537 |
| 9 | 25,533 | 792 | 554 |
| 10 | 26,324 | 816 | 571 |
| TOTAL: | $7,140 | $4,998 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| September 26, 2026 | 3.10% |
| June 2, 2026 | 3.00% |
| April 26, 2026 | 3.10% |
| March 16, 2026 | 3.20% |
| January 12, 2026 | 3.30% |
| January 5, 2026 | 3.40% |
| December 29, 2025 | 3.40% |
| December 6, 2025 | 3.40% |
| October 8, 2025 | 3.40% |
| July 2, 2025 | 3.50% |
| April 10, 2025 | 3.60% |
| February 6, 2025 | 3.70% |
| December 7, 2024 | 3.80% |
| November 21, 2024 | 3.90% |
| October 23, 2024 | 4.00% |
| October 3, 2024 | 4.10% |
| April 11, 2024 | 4.25% |
| March 6, 2024 | 4.35% |
| August 20, 2023 | 4.30% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
||||
|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
||||
|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
||||
|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
||||
|
|
4.70% |
$500 |
Learn More | |
|
Last change: ↑0.66% on April 27. |
||||
Customer Reviews for Capital One 360 (27)
2.7 out of 5 based on 17 ratings
NS123
March 15, 2023
Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. I'm moving my money out immediately.
Is this review helpful? Yes:8 / No: 1
Martys
March 8, 2023 |
I am also an existing customer and ran into the same issue. I'm getting 0.3% interest on savings whereas new customers can get 3%. The 3% if for a new product called Performance Savings, which the customer service rep told me is the same as the old 360 savings, just with higher interest. Existing customers can transfer money from your old 360 Savings to Performance Savings and close the old account(s), which I'm happy about, but Capital One did not notify old customers about this, which is why I'm docking them one and a half stars. I figure I lost out on about $125 in interest by not signing up when they started offering Performance Savings, which I think was in October.
Here is more information: https://www.businessinsider.com/personal-finance/switched-to-high-yield-savings-glad-i-did-2020-5
Is this review helpful? Yes:7 / No: 0
Christopher C.
February 24, 2023 |
So, after nearly 20 years with Capital One (going back to ING Direct), I'm now moving everything away from them. I first went with them due to their high-interest savings accounts, but my savings account is currently at 0.3% and stuck there because Capital One is apparently screwing over their long-term customers and their "legacy" accounts. Looking at the reviews, I'm not the only one running into this.
Last straw for me, I'll never use Capital One again.
Is this review helpful? Yes:13 / No: 2
Christopher C.
February 24, 2023 | | Replies 1
So, after nearly 20 years with Capital One (going back to ING Direct), I'm now moving everything away from them. I first went with them due to their high-interest savings accounts, but my savings account is currently at 0.3% and stuck there because Capital One is apparently screwing over their long-term customers and their "legacy" accounts. Looking at the reviews, I'm not the only one running into this.
Last straw for me, I'll never use Capital One again.
Is this review helpful? Yes:8 / No: 0
Christopher C. | Feb 24, 2023
Ok, this site screwed up the rating. I had it listed as 1 star, and I would have listed as lower if possible. Highly recommend AGAINST using Capital One.
pathetic
February 18, 2023 |
Tried to open up a cd...what a waste of time. Set it all up, and then 2 days later the account was closed with no explanation. Called and was told to open another...said no thanks
Is this review helpful? Yes:5 / No: 1
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