Capital One 360 Savings Multiple Accounts – If you’re using the Galaxy Fold, consider unfolding your phone or viewing it full screen to best optimize your experience.
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Capital One 360 Savings Multiple Accounts
Many or all of the products here are from our partners who compensate us. This is how we make money. But our editorial integrity ensures that our experts’ opinions are not influenced by compensation. Terms and conditions may apply to offers listed on this page. APY = Annual Percentage Rate of Return
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The Capital One 360 Performance Savings Account checks all the boxes we look for in an online savings account and adds a few bonus perks. Its unique Capital One cafes and branch locations make it an ideal option for those who want the high API of an online savings account but aren’t quite ready to part ways with brick-and-mortar banks. Read our full review of the Capital One 360 Performance Savings Account to learn about everything it has to offer.
4.75/5 Cross with letter I in it. Our ratings are based on a 5-star scale. 5 stars is the best. 4 stars is excellent. 3 stars is fine. 2 stars is fair. 1 star is poor. We want your money to work harder for you. That’s why our ratings are biased toward offers that provide flexibility while keeping your out-of-pocket costs low. = best = excellent = good = satisfactory = poor
Capital One 360 Performance Savings checks all the boxes we look for in a high-yield savings account. But it also offers Capital One branches and cafes where customers can seek in-person support (if you live near one). This makes it great for those who want to reap the benefits of online banking but aren’t quite ready to cut ties with brick-and-mortar banks.
Capital One 360 Checking Account: No Monthly Fee, Above Average Apy
We recommend comparing high-yield savings account options to make sure the account you choose is the right one for you. To make your search easier, here’s a short list of standout accounts.
Course information A circle with an I in it. SOFI members with direct deposit or $5,000 or more in qualifying deposits during the 30-day evaluation period can earn 4.60% annual percentage rate (APY) on savings balances (including Treasuries) and 0.50% APY on current balances. There is no minimum direct deposit amount required to qualify for the specified interest rate. Members without direct deposit or qualifying deposits during the 30-day evaluation period will earn 1.20% APY on savings (including vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. Rates are current as of 10/24/2023. There is no minimum weight requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. You can earn the maximum APY either by making direct deposits in checking or savings, or by depositing $5,000 or more every 30 days. Learn more at https://support.sofi.com/hc/en-us/articles/4423866727949.
Course information A circle with an I in it. 5.05% APY on balances of $5,000 or more; Otherwise 0.25% APY
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4.30% APY: If you’re opening a high-yield savings account, it’s because you want to get a better return on your savings. Capital One 360 Performance Savings ranks among the best online savings accounts because of its higher-than-average APY on all balances.
No Minimum Balance Requirement: While it’s possible to find online savings accounts with slightly higher interest rates, many require minimum balances to earn those rates. The Capital One 360 Performance Savings account has no minimum balance requirements to open or maintain the account.
No monthly fee: Monthly maintenance fees can defeat the purpose of opening a high-yield savings account. This account has no maintenance fees, so you don’t have to worry about fees eating into your profits.
Capital One 360 Banking Review 2023
Hybrid online and in-branch: Unlike most online banks, Capital One offers a small number of branches for people who prefer in-person banking. Full-service branches are available in several states, most notably on the East Coast. The bank also offers its unique Capital One Cafes, which combine banking services and money coaching with coffee, snacks and Wi-Fi across the country.
FDIC Insured: Capital One’s 360 Performance accounts are FDIC insured, so in the event of a bank failure, you’re protected up to $250,000 per share per institution.
ATM Cards: Capital One 360 Performance Savings makes it difficult to access your money instantly unless you live near a branch. This account does not offer ATM cards or check writing capabilities. However, if you have a Capital One 360 checking account, you can instantly transfer your money and use your debit card to withdraw money from an ATM. With an external bank account, you will need to wait a few business days for the transfers to be processed.
My Bank Took Away All Access To Money On My Birthday… Including My Surgery Fund.
With any bank account, it’s extremely important to have access to your money when you need it. Fortunately, Capital One 360 makes it easy to deposit and withdraw money.
The bank also makes it easy to build your savings by letting you set up automatic recurring deposits from a linked checking account. If you have a Capital One 360 checking account, transfers will be processed instantly. If you are transferring from an external bank, it may take a few business days.
When you’re ready to withdraw money from your Capital One 360 Performance Savings account, you can do so using one of the following methods:
Capital One 360 Bank Review 2023
If you transfer your funds to a Capital One 360 checking account, they should be available immediately. You can withdraw them from your checking account by using your debit card or by writing a check.
This savings account does not come with an ATM card or check writing capabilities. It will take several business days to process a money transfer to an external checking account, so be sure to arrange transfers in advance of when you’ll need the money.
If you want high rates and no monthly maintenance fees, this is an easy, basic savings account that’s a solid option. As long as you don’t need an ATM card with your savings account, the Capital One 360 Performance Savings Account does the trick. You can even combine it with the Capital One 360 checking account for easier access to your money.
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This account comes with one of the best mobile apps and branch services option. But you may find other accounts that offer some of the features that the Capital One 360Performance Savings account lacks, such as ATM cards or even higher rates for larger balances. Many top online bank accounts come with high returns and no fees, so be sure to comparison shop.
Kaylee Hagan has written about small business and finance for nearly 10 years, with her work appearing in USA Today, CNN Money, Fox Business and MSN Money. Specializes in personal and business bank accounts and software for small and medium businesses. She lives on a quasi-farm in northern Wisconsin with her husband and three dogs.
Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate and other major outlets. Stephen began his writing career at the age of four with his first book, Bad Boys Revenge. He currently lives in Portland, Oregon.
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Ashley Maredy is a former history museum professional who made the leap to writing and editing digital content in 2021. She holds a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley enjoys creating content for the public and learning new things so she can teach others, whether it’s information on salt mining, sewer lines, or personal finance.
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