Capital One Review 2024 | Bankrate (2024)

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At a glance

Best big bank

4.7

Rating: 4.7 stars out of 5

Bankrate Score

CDs

Rating: 4.9 stars out of 5

Checking

Rating: 5 stars out of 5

Savings

Rating: 4.4 stars out of 5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

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Overview

Capital One is ideal for consumers looking for competitive rates and no monthly fees along with the experience of a full-service bank. It offers access to a wide network of no-fee ATMs and branch locations in select states.

Highlights

High APY
Digital Leader
No Monthly Fees

Overall

Capital One Bank is among the 10 largest U.S. banks by assets. While it offers branches in a handful of states, customers can access accounts online from just about anywhere. The bank offers high rates on its savings and certificate of deposit accounts (CDs) and a free checking account that pays interest. There are no balance minimums or monthly fees, and you won’t need to worry about overdraft fees either.

Capital One was named best big bank and best bank for ATM access as part of the 2024 Bankrate Awards, which recognizes the best financial products available to consumers.

Pros

Capital One offers no-fee access to more than 70,000 ATMs.
You’ll earn competitive rates on savings and CD accounts.
Checking and savings accounts feature no minimum balance requirements.
The mobile app is highly rated by iPhone and Android users.

Cons

Bank branches are limited to just a handful of states.
Capital One no longer offers money market accounts for new customers.

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Capital One banking products

4.4

Rating: 4.4 stars out of 5

Capital One savings overview

Capital One’s 360 Performance Savings account offers a competitive yield and doesn’t have a minimum balance requirement, making it suitable for all savers. Users can set savings goals and automatic savings plans (with funds transferred from a Capital One 360 checking account) for additional budgeting ease.

Pros

The 360 Performance Savings account has no monthly services fees.
The Capital One app allows you to make mobile deposits and set up an automated savings plan.
No minimum balance is required to open or maintain an account.

Cons

The 360 Performance Savings account doesn’t include a debit card or an ATM card.
Higher rates can be found at other online-only banks.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Capital One

APY

APY last updated between 6/15 and 6/21.

APY

APY last updated between 6/15 and 6/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Capital One APY APY last updated between 6/15 and 6/21. APY APY last updated between 6/15 and 6/21	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
06/04/2024	4.25%	0.58%
05/07/2024	4.25%	0.59%
04/16/2024	4.25%	0.58%
04/02/2024	4.35%	0.58%
03/05/2024	4.35%	0.57%
01/02/2024	4.35%	0.58%
12/06/2023	4.35%	0.57%
12/05/2023	4.30%	0.57%
11/07/2023	4.30%	0.60%
10/03/2023	4.30%	0.58%
09/05/2023	4.30%	0.57%
07/21/2023	4.30%	0.54%
07/04/2023	4.15%	0.54%
06/23/2023	4.15%	0.49%

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Capital One CD overview

Capital One offers 10 terms of CDs that range from six months to five years. Rates are competitive for a big bank, and no minimum deposit is required.

Early withdrawal penalties vary based on term length. For CDs of one year or less, the early withdrawal penalty is three months of interest, while the penalty for CDs with terms longer than one year is six months of interest.

Pros

No minimum deposit is required to open a CD.
Capital One CDs pay competitive APYs for a big bank.

Cons

Capital One Bank doesn’t offer a no-penalty CD or a rate bump CD. Some of its competitors offer these CDs.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Capital One

APY

APY last updated between 6/15 and 6/21.

APY

APY last updated between 6/15 and 6/21.

National average APY

Term length

How do we get this data?

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Capital One APY APY last updated between 6/15 and 6/21. APY APY last updated between 6/15 and 6/21	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
06/04/2024	3.90%	1.43%
04/16/2024	3.90%	1.42%
04/02/2024	4.00%	1.42%
03/12/2024	4.00%	1.43%
02/06/2024	4.00%	1.42%
01/23/2024	4.00%	1.43%
12/05/2023	4.10%	1.43%
11/07/2023	4.10%	1.45%
10/03/2023	4.10%	1.46%
09/05/2023	4.10%	1.43%
08/01/2023	4.10%	1.38%
07/04/2023	4.10%	1.35%
06/27/2023	4.10%	1.33%

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Capital One checking overview

The Capital One 360 Checking account is an interest-bearing account. The account is fee-free and offers customers access to mobile deposits and online bill payments. It also offers a free first checkbook with 50 checks.

Capital One doesn’t charge overdraft or non-sufficient funds (NSF) fees. Customer transactions that would overdraw an account may be declined, or an automatic transfer of funds can take place from a linked savings or money market account. If a customer agrees to it in their account settings, Capital One may consider approving ATM withdrawals and one-time debit card purchases. In such cases, a deposit must be made promptly to cover the overdraft.

Capital One 360 Checking users have access to more than 70,000 fee-free ATMs, including ATMs in the Allpoint and MoneyPass networks.

In addition, mobile app users can utilize Capital One’s Add Cash in Store feature to deposit up to $999 a day up to five times a month at CVS and Walgreens stores through a cashier.

Also, with Capital One’s early paycheck feature, direct deposit customers may be able to receive paychecks or other funds up to two days early.

Pros

The 360 Checking account earns interest on all balances and requires no minimum balance.
Customers have access to more than 70,000 ATMs in Capital One’s own network and the Allpoint and MoneyPass networks.
Mobile app users can deposit cash at CVS and Walgreens stores.
Your first order of checks is free.

Cons

Some competitors offer higher rates on interest checking accounts.
Capital One charges $30 for outgoing domestic wire transfers. That’s more than some banks charge for this service.

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Bank fees

Fee		Charged?
Overdraft fee		None
Non-sufficient funds fee		None
Account maintenance fees		None
Out-of-network ATM fee		None
Excessive transaction fee		None

Find out:Tips to avoid common bank fees

Customer experience

Customer support

Physical presence. Capital One has nearly 300 branches in select states for in-person banking, and it operates around 50 Capital One Cafés, where customers can open accounts, as well as deposit cash and checks. Customers can also access more than 70,000 fee-free ATMs through Capital One's owned-and-operated machines, and the Allpoint and MoneyPass networks. Mobile app users can take advantage of the Add Cash in Store feature to deposit cash at CVS and Walgreens stores through a cashier.

Customer service hours. Deposit account holders can reach out to representatives over the phone daily from 8 a.m. to 11 p.m. ET. Automated services, including Capital One’s digital assistant Eno, are available 24/7.

High customer satisfaction. Capital One scored highly in overall customer satisfaction among online-only banks for its checking product, according to J.D. Power’s 2023 Direct Banking Satisfaction Study. Though satisfaction for its savings product was below average.

Digital experience

Highly rated mobile app. Capital One’s mobile app, which has been reviewed by more than 9 million users, earned high marks on the Android and iOS app stores. The bank was the first in the U.S. to launch a skill for Amazon’s Alexa so that customers can voice commands to search for information, such as bank account balances. All this noted, a Bankrate staff member with a Capital One account commented that the app lacked useful breakdowns of spending and saving patterns; instead, there’s just a very basic money in, money out module.

Digital assistant. Capital One has a digital assistant called Eno, which you can interact with on the app or over text. Eno can be used to check your balance, recent transactions, available credit and payment dates. It can also be used to activate, lock or replace a card and even pay bills. “Eno is very easy to use, and I found it helpful when trying to find information on how to set up Apple Pay,” said a Bankrate staff member with a Capital One account. “Although when I asked it to explain how early direct deposit works, it couldn’t come up with an answer.”

Feature

Manage Funds

Screen view

DesktopMobile

The above images were last updated on March 13, 2024.

Complaints

Data breach fine. The Office of the Comptroller of the Currency, a U.S. bank regulator, ordered Capital One to pay an $80 million fine because the bank failed to ”establish effective risk assessment processes prior to migrating significant information technology operations to the public cloud environment.” Moreover, the bank failed to correct these deficiencies in a timely manner, resulting in a massive data breach of their customer’s information in 2019.

Bankrate staff insight

“With Capital One, I can get a solid APY on a checking account that exceeds what most of the big banks are offering on their savings accounts — so that’s a big differentiator,” says a Bankrate staff member who uses a Capital One account personally. “At the same time, knowing that I could get to a branch if necessary gives Capital One a big edge against the top online competitors who lack a physical presence. However, the branch network is on the thin side, so that’s one area that I can note that gives other big banks an edge for convenient access to in-person services.”

About Capital One

The banking unit of Capital One Financial Corp. offers checking and savings accounts, as well as CDs. Richard Fairbank and Nigel Morris started building Capital One (then as a unit of Signet Bank) in 1988. In 1994, Capital One spun off under its name, offering credit cards. In 2012, Capital One acquired ING Direct and rebranded the lender as Capital One 360.

Capital One is ideal for consumers looking for competitive yields, a highly rated banking app and access to a wide network of no-fee ATMs.

Capital One operates almost 300 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.

Learn more:Capital One CD rates

How Capital One compares to other banks

Compare different account types offered by Capital One. Annual percentage yields (APYs) shown were updated between June 15, 2024 and June 21, 2024.

Selected bank Capital One savings account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable Ally Bank savings account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between June 15, 2024 and June 21, 2024.
4.25%	4.20%
Minimum balance for APY
$0.00	$0.00
Estimated earnings Interest earned calculation based on a $25,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,063	$1,050

Capital One’s 360 Performance Savings Account earns a competitive yield. It doesn’t require a minimum opening deposit and you won’t pay a monthly service fee with this account. Capital One is one of the few online banks that you can visit at a branch location to withdraw cash.	Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM.

The bank pays a competitive yield on its 360 Performance Savings Account. The Capital One 360 Performance Savings Account doesn’t have a monthly service fee. You don’t need a minimum opening deposit. You can deposit checks through mobile deposit with this account.	Ally Bank offers a competitive yield on its Online Savings Account. Ally Bank has savings tools, such as Surprise Savings where Ally Bank looks at your linked checking account for savings opportunities.	N/A
Some banks offer a higher yield on their savings accounts.	Ally Bank doesn’t offer ATM access directly from its savings account. Some other online banks offer a higher yield than Ally Bank.	N/A

APY offering: 4.25% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Good 4/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY offering: 4.20% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance to earn interest: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Good 4/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. A procedure that allows an individual or organization to access and manage the funds of another account holder. Bankrate does not currently track additional product details for this bank.

Selected bank Capital One CD Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate CD rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable American Express National Bank CD Member FDIC Bankrate score Rating: 4.3 stars out of 5 4.3 Bankrate CD rating = 4.3/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between June 15, 2024 and June 21, 2024.
5.00%	4.50%
Minimum deposit
$0.00	$0.00
Term
1 yr	11 mos

Capital One offers a competitive yield on its CDs. It has pretty much every CD you’d need to build a CD ladder. It offers nine terms of CDs ranging from a six-month CD to a five-year CD. This is a CD for nearly anybody since it doesn’t require a minimum to open the CD like some of its competitors.	American Express offers a handful of CDs, and most of them offer a competitive yield. Even the terms with lower APYs are still solid, albeit not the best on the market right now. There is no minimum balance requirement to open a CD.

Capital One offers competitive yields on its CDs. Capital One has pretty much all of the standard CD terms you’d need. There’s no minimum deposit required to open a CD. Account holders can opt to receive interest disbursem*nts monthly or annually.	Most American Express CDs offer high yields. There is no minimum balance requirement to open a CD.	N/A
The shortest term available is six months. Capital One doesn’t offer a no-penalty CD.	American Express doesn’t offer CDs shorter than 11 months. Some American Express CDs offer solid but relatively low yields.	N/A

APY offering: 5.00% - 1 yr 5/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $0.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 6 mos - 5 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: No 0/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY offering: 4.50% - 11 mos 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $0.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 11 mos - 5 yrs 4/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: No 0/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. The minimum deposit amount a financial institution requires in order to open a CD. A designated amount of time that funds must be held within a CD. A penalty incurred when funds have been withdrawn from a CD before its maturity date. A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. Bankrate does not currently track additional product details for this bank.

Selected bank Capital One checking account Bankrate score Rating: 0 stars out of 5 N/A Bankrate Checking rating = 0.0/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.	Most comparable Discover Bank checking account Member FDIC Bankrate score Rating: 5 stars out of 5 5.0 Bankrate Checking rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review	Bankrate score Bankrate Checking rating Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between June 15, 2024 and June 21, 2024.
N/A	0.00%
Minimum balance to open
N/A	$0.00

Since it doesn’t have a minimum opening deposit requirement, the Capital One 360 Checking account is an option for most people. Capital One has early direct deposit and it doesn’t have overdraft fees. Recently banks have been have been moving toward adding the former and eliminating or lowering the latter.	Discover Bank’s Cashback Debit account offers a top-notch cash back program for a checking account. Customers can earn 1% cash back on up to $3,000 in debit card purchases each month. What’s more, the account comes without monthly maintenance fees or overdraft fees.

The Capital One 360 Checking account doesn’t have overdraft fees. This account has the opportunity for early direct deposit. You don’t have to make a minimum deposit to open the 360 Checking account.	Discover Bank’s checking account offers a stellar cash back deal. There are no monthly maintenance, overdraft or non-sufficient funds fees associated with the account. Customers have access to more than 60,000 fee-free ATMs nationwide.	N/A
There are higher-yield options available through Capital One’s savings account or through online savings accounts at other banks than the 360 Checking account.	The Cashback Debit account doesn’t earn interest.	N/A

Capital One vs. Chase Bank

Capital One and Chase are both big banks that maintain some branches and also offer options for digital account management. While Capital One offers nearly 300 branches in a handful of states, Chase operates more than 4,700 branches, with locations in nearly every state.

When it comes to rates, Capital One’s 360 Performance Savings account pays an APY that’s more than 400 times greater than the rock-bottom yield of the Chase Savings account. Likewise, Capital One’s CD rates are higher than those of Chase, including the higher relationship CD rates Chase offers to customers who also have a Chase checking account.

As far as checking accounts, Capital One’s 360 Checking account earns interest, whereas Chase’s Total Checking account is non-interest bearing. Capital One doesn’t charge for overdrafts, while Chase may charge up to three such fees each day. Neither bank charges a non-sufficient funds fee.

Learn more:The best banks of 2024

Capital One FAQs

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

FAQs

Capital One Review 2024 | Bankrate? ›

There are no balance minimums or monthly fees, and you won't need to worry about overdraft fees either. Capital One was named best big bank and best bank for ATM access as part of the 2024 Bankrate

Bankrate

Bankrate is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website.

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Awards, which recognizes the best financial products available to consumers.

Read On ›

Is Capital One safe from collapse? ›

Your money is safe at Capital One

The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.

Read The Full Story ›

Is Capital One a good bank reviews? ›

We give Capital One Bank 4.2 out of 5 stars after evaluating categories including its branch availability, account fees, interest rates and customer support. While the bank scores well across the board, its checking accounts earn the highest score.

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What are the disadvantages of Capital One Bank? ›

Capital One downsides

While we recommend many Capital One products, there are some important downsides about the bank to consider. For one, its interest rates on savings accounts aren't the highest out there—especially when compared with the best high-yield rates offered by some fully online banks.

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Which bank gives 7% interest on savings accounts? ›

As of June 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Find Out More ›

Is Capital One having trouble? ›

User reports indicate no current problems at Capital One.

Know More ›

Is my money safe at Capital One? ›

All deposits at this Capital One banking institution are FDIC-insured to at least $250,000 per depositor, per ownership category. In addition, Capital One is a leader in financial services, offering a broad spectrum of products and services to consumers, small businesses and commercial clients.

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Is Capital One Bank at risk? ›

While Capital One has a long-term credit rating of A- from Fitch Ratings, its risk profile and asset quality are at a BBB+ level.

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How financially strong is Capital One? ›

What is Capital One Financial Financial Strength? Capital One Financial has the Financial Strength Rank of 4. GuruFocus Financial Strength Rank measures how strong a company's financial situation is.

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Why is Capital One better than Chase? ›

Chase: Overview. Capital One and Chase both offer the banking basics, such as savings accounts, checking accounts and CDs. But Capital One has higher rates on its savings products than Chase, as well as fewer fees and less stringent minimum balance requirements.

Where can I get 5% interest on my money? ›

Best 5% interest savings accounts

Savings Account	APY
Primis Savings Account	5.07% APY
EverBank Performance℠ Savings	5.05% APY
Salem Five Direct eOne Savings	5.01% APY
CIT Bank Platinum Savings	5.00% APY on balances of $5,000 or more; 0.25% APY on balances under $5,000

19 more rows

7 days ago

Where can I get 7% on a CD? ›

What banks are offering 7% interest on CDs? Currently, no U.S. banks or credit unions are offering 7% APY on CDs. During August 2023, a few credit unions were offering 7% interest on CDs, but those were limited-time offers that are no longer available.

Explore More ›

Which bank gives 8% interest? ›

Top 20 Scheduled Banks offering Best FD Rates

Banks	Highest FD rate (% p.a.)	Additional interest rate for senior citizens (% p.a.)
DCB Bank	8.05	0.50
RBL Bank	8.00	0.50
AU Small Finance Bank	8.00	0.50
Induslnd Bank	7.99	0.26-0.50

16 more rows

Discover More ›

Which bank is least likely to go bust? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

Keep Reading ›

Where is the safest place to put money if banks collapse? ›

1. Federal Bonds. The U.S. Treasury and Federal Reserve (Fed) would be more than happy to take your funds and issue you securities in return. A U.S. government bond still qualifies in most textbooks as a risk-free security.

Explore More ›

Capital One Review 2024 | Bankrate (2024)

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Capital One Review 2024 | Bankrate? ›

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Where can I get 5% interest on my money? ›