Earn a high-yield rate on your savings

You can open a 360 Performance Savings account in about 5 minutes online, on your mobile device or at a Capital One location—no minimum balance required.

To open a no-fee, no-minimum 360 Performance Savings account, have these things ready: your name, date of birth, mailing address, email, phone number, employment information, annual income, Tax ID Number (SSN or ITIN) and citizenship information. You’ll also need to agree to the terms and conditions. Based on varied factors, you may be denied for a 360 Performance Savings account. Upon approval, you’ll have 60 days to fund your account. Read more about the terms and conditions.

Absolutely! Whether at a branch, Café, or online through the Capital One Mobile app, you can open a 360 Performance Savings account anytime that fits your schedule, even beyond business hours.

Not with a Capital One 360 Performance Savings account. There are no monthly fees or minimums, so every dollar you save works towards achieving your financial goals.

Yes, your savings are protected. Capital One’s 360 Performance Savings accounts are insured by the FDIC up to allowable limits, giving you peace of mind.

Please note that any Capital One or Discover Bank deposit accounts opened on or after May 18, 2025, are immediately counted with your other Capital One deposit accounts for determining deposit insurance coverage by the FDIC.

You can withdraw your money from your 360 Performance Savings account online or at a branch, but not by using an ATM. To withdraw using an ATM, you’ll first need to transfer money to a checking account—for example, our no-fee, no-minimum 360 Checking account.

Your savings are secure up to the allowable limits through FDIC insurance. And with no fees or minimums, every dollar you deposit is yours to keep.

A 360 Performance Savings account offers flexible access to your funds with a competitive interest rate. A 360 CD account also earns interest, but it’s designed for savings over a fixed amount of time, also known as a term. (Accessing funds early from a CD may involve a penalty.)

Yes, you can assign up to 10 Payable on Death beneficiaries to your 360 Performance Savings account, ensuring your savings are passed on according to your wishes. Learn about the two ways to manage beneficiaries for your accounts. If you're wondering what happens to debt when you die, then this could be a good way to mitigate risks associated with outstanding debt.

The account you use for your first deposit will be linked automatically, making it easy to transfer funds. You can also set up an automatic savings plan to grow your savings effortlessly.

Unlike tiered savings accounts, Capital One offers the same high-yield savings rate on your entire balance, so you earn the same great rate whether you’re just starting out or have substantial savings. Interest accrues daily and compounds monthly. Learn more about how savings interest works.

APY (annual percentage yield) reflects the total interest you’d earn over a year, including compound interest, while interest rate refers to the interest earned on your account balance.

Yes! Capital One makes it easy to create multiple savings accounts, each dedicated to your unique financial goals and personal budget. Whether you’re saving for a vacation, an emergency fund, or a big purchase, you can keep your goals organized.