It’s also an extremely competitive rate when you compare this account to other online savings accounts offered through online banks - including the American Express High Yield Savings account. While the current 4.30% APY offered by the Capital One 360 Performance Savings account won’t help you get rich, this rate is a competitive one when you compare savings rates from the past few years. Since many online savings accounts are offered through institutions that don’t have any brick-and-mortar locations, this is another area where the Capital One 360 Performance Savings account stands out.Īdvantages of the Capital One 360 Performance Savings account Consumers can open a Capital One 360 Performance Savings account online, through the Capital One mobile app or in a physical bank branch. With the digital nature of this account, you also have added flexibility. Ultimately, having a way to grow your savings at a good rate with no fees associated with holding the account is an unparalleled perk. Plus, the 360 Performance Savings account offers a terrific 4.30% annual percentage yield (APY) on any balance, meaning the more you save, the more you’ll earn in return. After all, Capital One is well known in the banking industry and for its rewards credit cards, which are some of the best on the market today. The Capital One 360 Performance Savings account stands out compared to other online savings accounts since it’s offered by a major financial institution that’s also a household name. Manage your savings from home and earn a competitive 4.30% APY. (Though in the case of Capital One, this itself is unlikely.) This means that even if a bank or financial institution goes out of business, individual consumers can rest assured that their deposits (up to pre-determined limits) won’t disappear overnight. When it comes to security, this account is FDIC-insured, meaning individuals benefit from protection for up to $250,000 per depositor, per insured bank.

Ultimately, that’s where digital accounts like the Capital One 360 Performance Savings account come into play. That said, finding savings accounts with no hidden fees is an absolute must, and most people don’t want to deal with minimum deposits or monthly transfer requirements, either. With experts warning of a looming recession and a shaky stock market, now is as great a time as ever to secure a reasonable, guaranteed return on the money you’ve already worked hard to save up. Having a safe place for storing your money is key to giving you peace of mind. No debit card and no ATM access unless you transfer money to another account, such as a checking account, first.īest for: The Capital One 360 Performance Savings account is best for people who want a convenient way to earn a competitive rate on their savings, as well as access to their savings through a highly-rated mobile app.Ĭlick here to open a Capital One 360 Performance Savings account in five minutes or less.ĭigging into the Capital One 360 Performance Savings account.No welcome bonus offer for opening an account.Your CNN account Log in to your CNN account

Capital one bank account