Getting into high-yield savings is now super easy with Capital One’s 360 Performance Savings account. This online savings option lets you earn a good interest rate. Plus, you don’t need to worry about minimum balances or monthly fees. You can open your 360 Performance Savings account in about 5 minutes on Capital One’s website or mobile app.
To start, you’ll need to share some personal info. This includes your name, birthdate, contact details, job info, income, Social Security number, and where you’re from. After you apply, it will be checked, and you’ll hear back soon. If you get approved, you have 60 days to put money into your new 360 Performance Savings account.
Key Takeaways
- Open a high-yield Capital One 360 savings account online in just 5 minutes
- No minimum balance required to open or maintain the account
- Earn a competitive interest rate on your savings
- FDIC insurance coverage up to the allowable limits
- Link your 360 Savings to other Capital One accounts for easy access
What is a Capital One 360 Savings Account?
The Capital One 360 Savings Account is a top choice for saving money online. It has a great interest rate. Plus, it has no monthly fees or balance needs, making it easy to save.
High-yield online savings account
This account earns a high APY. Your savings can grow faster than usual. It’s perfect for building an emergency fund or saving for a goal.
No monthly fees or minimum balance
This account doesn’t charge monthly fees. You also don’t need a minimum balance. Start saving with any amount you want, without extra costs.
FDIC-insured up to allowable limits
Your money in this account is safe. It’s FDIC-insured up to the highest limits. You can rest easy knowing your savings are protected.
“The Capital One 360 Savings Account is a great way to grow your money without any hassle or hidden fees.”
Benefits of a Capital One 360 Savings Account
Choosing the right savings account is key to growing your money fast. A Capital One 360 Savings Account offers many benefits. These benefits make it stand out from traditional banks.
Earn a Competitive Interest Rate
One big plus of a Capital One 360 Savings Account is earning a competitive variable annual percentage yield (APY). This means your savings grow faster than with lower interest rates. As of September 2024, the federal funds rate was between 4.75% and 5.00%. This is great news for savers.
Link to Other Capital One Accounts
Being able to link your Capital One 360 Savings Account to other Capital One accounts is very useful. You can easily move money between accounts. This makes managing your money and reaching your savings goals easier.
Mobile App for Easy Access
Today, quick access to your savings is essential. The Capital One mobile app lets you check your balance, move money, and manage your savings anytime. This makes it easy to keep track of your finances.
By using these benefits, you can grow your savings. You’ll also enjoy the convenience and flexibility of a Capital One 360 Savings Account.
Requirements to open a Capital One 360 savings account
To open a Capital One 360 Savings Account, you need to give some personal info. You also need to share about your job and how much you make. Lastly, you must agree to the account’s rules before it’s approved.
Personal information
When you open a Capital One 360 Savings Account, you’ll give your name, address, and Social Security number. This info is to check who you are and set up your account.
Employment and income details
The bank wants to know about your job and how much you earn. This helps them see if you can have the account.
Agree to terms and conditions
You must read and agree to the account’s rules before it’s yours. This means knowing about fees, interest rates, and how the account works.
| Requirement | Description |
|---|---|
| Initial Deposit | You don’t need to put in any money to start a Capital One 360 savings account. |
| Interest Rate | The account’s interest rate is NaN% with an Annual Percentage Yield of NaN. These rates can change. |
| Fees | There are fees for things like wire transfers and buying Cashier’s checks. There might also be fees from foreign banks for checks. |
| Account Limits | The bank can limit how many accounts you can open without telling you first. |
| Eligibility | To get a Capital One 360 savings account, you must be a U.S. citizen or legal resident. You need a valid Social Security Number, a U.S.-based phone, and be at least 18. ITINs are okay for opening in branches and Capital One Cafés. |
By giving the needed info, job details, and agreeing to the rules, you can open a Capital One 360 Savings Account. You’ll get to save with good interest rates and no monthly fees.
Steps to open a Capital One 360 savings account online
Opening a Capital One 360 Savings Account is easy and can be done online. Just go to the Capital One website or mobile app. Look for the “Open an Account” or “Open a Savings Account” link.
Then, you’ll need to fill out some personal info. This includes your name, address, Social Security number, and job details. Capital One uses this to check who you are and if you can open the account.
After that, read the account terms and agree if you’re okay with them. Once your application is approved, you have 60 days to add money to the account. You can link an existing bank account or transfer money directly to your new Capital One 360 Savings Account.
There are no monthly fees or minimum balance needs. So, you can start saving with whatever amount you choose.
Frequently Asked Questions
Kuldeep Nirgude is a computer science student with a strong interest in finance and marketing. With a focus on analyzing industry trends, he writes articles that simplify complex concepts and empower readers to make informed decisions. Kuldeep is dedicated to bridging the gap between technology and business, and is committed to staying updated on the latest innovations shaping the economy.