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Capital One CD Rates: A Competitive Option for Savvy Savers

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Discover how Capital One's CD accounts offer good rates and flexible terms.

description: a photo of a stack of cds with a calculator and a pen next to it.

Capital One offers a solid certificate of deposit (CD) account, with a variety of term lengths, good rates, and no minimum balance required. If you're looking for a safe way to grow your savings, Capital One 360 CDs are worth considering. Their competitive interest rates range from 3.30% to 5.00% APY (annual percentage yield), depending on the term length and amount deposited.

One of the advantages of Capital One's CD accounts is that they are competitive with other online banks. You can easily compare their rates with other financial institutions and see how they stack up. Additionally, there's no minimum opening requirement, which makes it easy for anyone to start earning interest on their savings.

Today's best interest rates on CDs pay 4.74% and higher, depending on the CD's term. Plus, average CD yields have been increasing steadily over the past few years, making them an attractive option for savers.

High-interest savings accounts and CDs can be opened online or at a branch to help you earn interest on your money. All accounts are FDIC-insured, which means that your deposits are protected up to $250,000 per depositor, per institution.

Banks are keeping CD rates high for now, and they might go even higher after next month's Fed meeting. This makes it a good time to lock in a rate for a longer term and earn even more interest on your savings.

The SavorOne Student card from Capital One is one of the best student cards for cash back, benefits, and credit-building. It offers unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. Plus, there are no annual fees or foreign transaction fees, making it a great option for students who want to build credit while earning rewards.

Some banks and credit unions now offer rates 4x higher than the industry average. However, to qualify for these rates, you might need to meet certain requirements, such as maintaining a certain balance or setting up direct deposit. It's important to read the fine print and make sure you understand the terms and conditions before opening an account.

If you're looking for a safe and reliable way to grow your savings, CDs can be a great option. By comparing rates on the best certificates of deposit, you can find the right account for your needs and earn interest on your money in a rising rate environment.


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