Compound Interest Calculator
CD 1-year Account from Capital One 360 with 4.00% APY and $0 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Capital One 360 with 4.00% 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 $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.

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
$5,931 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Capital One 360 Interest Earned $6,723

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

Capital One 360 Scenario

Rate:
4.00%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 800 560
2 20,800 832 582
3 21,632 865 606
4 22,497 900 630
5 23,397 936 655
6 24,333 973 681
7 25,306 1,012 709
8 26,319 1,053 737
9 27,371 1,095 766
10 28,466 1,139 797
TOTAL: $9,605 $6,723

Take Action

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
November 21, 2024 4.00%
November 17, 2024 4.10%
November 17, 2024 4.00%
October 3, 2024 4.20%
August 22, 2024 4.50%
August 5, 2024 5.00%
May 1, 2024 5.10%
March 15, 2024 4.90%
October 29, 2023 5.30%
September 20, 2023 5.00%
August 20, 2023 4.85%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↑0.25% on November 25.



Customer Reviews for Capital One 360 (27)


  • 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.

  • 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

  • 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.

  • 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.

    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.

  • February 18, 2023 |

    Online CDs 11 Month Rates

    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


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