Capital One 360 Performance Savings review

Capital One 360 Performance Savings suits people who like the rates of an online bank but still want somewhere to walk in. The account paid 3.20% APY on all balances, effective November 6, 2026, with no fees to open or maintain it and no minimum balance. You can open one in about 5 minutes online, in the Capital One Mobile app or at a branch or Café, and you get 60 days after approval to fund it. Automatic savings transfers and mobile check deposit are built in. You cannot withdraw from savings at an ATM; Capital One says to transfer to a checking account first, such as its no-fee 360 Checking. Capital One also notes that Discover Bank deposit accounts opened on or after May 18, 2025 count together with Capital One accounts for FDIC coverage, which matters if you hold money at both. The rate is fair but not top tier.

Who it is for

Savers who want a big bank with in-person locations and a no-fee checking account alongside.

Price

$0 monthly maintenance fee, no minimum balance; 3.20% APY effective November 6, 2026.

No fees to open or maintain the account. Plus, a $0 monthly maintenance fee.
Quoted from the vendor pricing page on November 8, 2026.

Key features

• 3.20% APY on all balances, effective November 6, 2026
• No fees to open or maintain and no minimum balance
• Open in about 5 minutes online, in the app or at a location
• Automatic savings transfers and mobile check deposit
• Capital One branches and Cafés for in-person help

Strengths and weaknesses

• Strength: In-person service is available, unlike most online banks
• Strength: Same rate on all balances
• Strength: Pairs with no-fee 360 Checking
• Weakness: Rate trails Marcus, EverBank and Wealthfront
• Weakness: No ATM withdrawals directly from savings
• Weakness: New accounts must be funded within 60 days of approval

Key facts

• APY: 3.20%, effective November 6, 2026
• Monthly fee: $0
• Minimum balance: None
• Opening time: About 5 minutes
• In-person: Branches and Capital One Cafés

Where it ranks

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