![]() ![]() Like most banks that offer CDs, Capital One charges early withdrawal penalties if you take money out of your CD before it matures or the term ends.įor CD terms of 12 months or less, the penalty for withdrawing early is three months’ worth of interest. What’s more, the balance amount for each 360 CD account is insured by the Federal Deposit Insurance Corporation for up to $250,000 per depositor for each account ownership category. That decision could yield more savings if the interest is reinvested into a high-yield savings account. We like that Capital One also lets you decide how often you want the interest from your CD to be paid out - monthly, annually or at the end of the term. Capital One’s 360 CD terms range from six months to five years - with rates currently between 3.90% and 4.75%. The 360 CD terms are flexible, with no minimum balance required to open an account. ![]() Even though you’ll have the flexibility to choose from a range of CD terms and payout options, there’s more to know about Capital One’s CDs before opening one. For CD terms longer than 12 months, the penalty for withdrawing early is six months’ worth of interest.ġ0-day period to decide whether or not to either withdraw your money and put it in another account, withdraw your money and open a different CD, or allow your CD to renew.Ĭapital One offers its 360 CD accounts as a way for its customers to earn higher yields compared with competing banks. Capital One CDs: At a glance CD types offeredģ60 CDs (featuring one-, two- and five-year terms)įor CDs with terms of one year or less, the penalty for withdrawing early is three months’ worth of interest. ![]()
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