Capital One 360 Performance Savings
Capital One 360 Performance Savings pays a 3.10% APY with no monthly fee and no minimum, through Capital One, N.A. — an FDIC member we verified directly. Unlike most online-only options, Capital One also has branches and Cafés, making it a strong pick for savers who want a high rate without going fully branchless.
Is the Capital One 360 Performance Savings worth it?
Capital One 360 Performance Savings stands out for one reason most high-yield accounts can’t match: it pairs a competitive rate with real-world access. It pays a 3.10% APY (variable, effective 05/30/2026) with no monthly fee and no minimum balance — and Capital One has branches and Cafés, so you are not locked into a purely online experience.
The account is held at Capital One, National Association. We confirmed with the FDIC that it is an active insured institution — certificate #4297 in McLean, Virginia — with coverage up to $250,000 per depositor, per ownership category.
The trade-off is the usual one: at 3.10%, the rate trails the highest online-only options, and the APY is variable. But if you want a strong rate without giving up branch access — or you already bank with Capital One — the 360 Performance Savings account is a genuinely convenient pick. This is not financial advice; confirm the current rate before opening.
How does a high-yield savings account work?
A high-yield savings account holds cash and pays interest, quoted as an annual percentage yield (APY). The bank can change a variable APY at any time, and federal rules may limit certain withdrawals. Interest compounds — usually daily or monthly — and is taxable income in the year you earn it.
How much could you earn with the Capital One 360 Performance Savings?
At a 3.1% APY, a $10,000 balance in the Capital One 360 Performance Savings earns about $310 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Capital One 360 Performance Savings?
The Capital One 360 Performance Savings stands out for 3.10% APY with no monthly fee and no minimum, though 3.10% APY trails the highest online-only rates.
- 3.10% APY with no monthly fee and no minimum
- Branch and Café access — not purely online
- Capital One, N.A., FDIC-insured (verified with the regulator)
- 3.10% APY trails the highest online-only rates
- APY is variable and effective only as of the stated date
- Top rates elsewhere may require giving up branch access
Who should get the Capital One 360 Performance Savings?
The Capital One 360 Performance Savings is best for savers who want a high rate but value branch and ATM access.
- Savers who want a high rate but value branch and ATM access
- Existing Capital One card or checking customers
- Anyone who wants no fees and no minimum with a major bank
Money guides for: First-time savers
How does the Capital One 360 Performance Savings compare?
Among the 29 high-yield savings accounts we track, the Capital One 360 Performance Savings ranks #12 with a money8020 score of 85/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Marcus by Goldman Sachs Online Savings | 96 | Essential | Marcus by Goldman Sachs |
| Bread Savings High-Yield Savings | 94 | Essential | Bread Savings |
| Pibank Savings | 94 | Essential | Pibank |
| Poppy Bank High Yield Savings | 94 | Essential | Poppy Bank |
| Vio Bank High Yield Online Savings | 94 | Essential | Vio Bank (a division of MidFirst Bank) |
See all high-yield savings accounts, ranked →
Common mistakes to avoid with a high-yield savings account
- Chasing a teaser rate without checking the ongoing APY or any balance tier needed to earn it.
- Leaving an emergency fund in a 0.01% big-bank account instead of a high-yield account.
- Assuming the APY is fixed — it is variable and can drop after you open.
- Overlooking transfer times: moving money to a linked bank can take one to three business days.
Key takeaways
- Capital One 360 Performance Savings earns a money8020 score of 85/100, ranking #12 of 29 high-yield savings accounts.
- 3.10% APY with no monthly fee and no minimum
- At a 3.1% APY, a $10,000 balance in the Capital One 360 Performance Savings earns about $310 in interest over a year, before taxes.
- Best for savers who want a high rate but value branch and ATM access.
- Rate and FDIC status fetched from Capital One and corroborated against a regulator.
Frequently asked questions about the Capital One 360 Performance Savings
Does Capital One 360 Performance Savings have fees or a minimum?
No. Per Capital One, the 360 Performance Savings account has no monthly fee and no minimum balance, and the 3.10% APY is variable and effective as of 05/30/2026. The rate can change, so confirm the current APY on Capital One's site before opening.
Is Capital One 360 Performance Savings FDIC insured?
Yes. The account is held at Capital One, National Association, which we confirmed with the FDIC is an active insured institution (certificate #4297, McLean, Virginia). Deposits are insured up to $250,000 per depositor, per ownership category.
Can the rate on the Capital One 360 Performance Savings change?
Yes. A high-yield savings APY is variable, so the bank can raise or lower it at any time, often following moves in the federal funds rate. Check the rate before you open and review it periodically.
How is interest from the Capital One 360 Performance Savings taxed?
Savings interest is taxable as ordinary income in the year you earn it. If you earn more than $10, the bank sends a Form 1099-INT, and you report it on your federal return.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked May 30, 2026. Primary sources: