This account may suit someone saving for a vacation, an emergency fund or a large purchase. You can apply online, on a mobile device or at a Capital One location. Have your personal details, employment information, annual income, SSN or ITIN, and citizenship information ready. Approval is not guaranteed, and you must agree to the account terms.
Once approved, you have 60 days to fund the account. The account used for your first deposit is linked automatically. You can move money between linked Capital One accounts or external bank accounts.
Withdrawals are available online or at a branch, but not directly through an ATM. To access the money at an ATM, first transfer it to a checking account.
Highlights
No fees to open or keep the account
No minimum balance required
The same high-yield rate on your entire balance, with a variable APY
Interest that accrues daily and compounds monthly
Automatic savings plans
Multiple savings accounts for separate goals
Up to 10 Payable on Death beneficiaries
Account opening in about 5 minutes
About Capital One
360 Performance Savings balances are FDIC-insured up to allowable limits. Capital One or Discover Bank deposit accounts opened on or after May 18, 2025 count together with your other Capital One deposit accounts when determining FDIC coverage.
Details come from Capital One and are subject to change.