Capital One 360 Performance Savings review

Capital One 360 Performance Savings showed 3.20% APY, effective November 13, 2026, with no fees to open or maintain the account and no minimum balance. It earns its place for savers who still want a physical option: you can open it in about 5 minutes online, on mobile or at a Capital One location, and Capital One Cafes offer in-person help. Automatic Savings lets you set rules for the amount and frequency of transfers, and mobile check deposit runs through the Capital One app. Interest accrues daily and compounds monthly. Two details matter. You cannot withdraw from this account at an ATM, so cash has to move to a checking account first. And Capital One says any Capital One or Discover Bank deposit accounts opened on or after May 18, 2025 are counted together for FDIC coverage, so former Discover customers should add up their balances. Discover's savings page now shows this account.

Who it is for

savers who want branch access with an online rate

Price

$0 monthly maintenance fee, no minimum balance; 3.20% APY effective November 13, 2026.

No fees to open or maintain the account. Plus, a $0 monthly maintenance fee.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• 3.20% variable APY, effective November 13, 2026
• No fees to open or maintain and no minimum balance
• Automatic Savings rules set amount and frequency
• Interest accrues daily and compounds monthly
• Open in about 5 minutes online, on mobile or at a Capital One location

Strengths and weaknesses

• Strength: Branches and Capital One Cafes for in-person help
• Strength: $0 monthly maintenance fee and no minimums
• Strength: Mobile check deposit through the Capital One app
• Weakness: No ATM withdrawals from savings; transfer to checking first
• Weakness: 3.20% APY trails the top five on this list
• Weakness: Capital One and Discover accounts opened on or after May 18, 2025 share FDIC coverage

Key facts

• APY: 3.20%, effective 11/13/2026
• Monthly fee: $0
• Minimum balance: None
• Compounding: Accrues daily, compounds monthly

Where it ranks

Capital One 360 Performance Savings is No. 6 in our Best High-Yield Savings Accounts verdict and No. 7 in Best Savings Accounts.