With a certificate of deposit (CD) account, you can save money for a fixed amount of time, called a term. In return for leaving your money in the CD, you earn a fixed interest rate—unlike traditional savings accounts, which have variable interest rates that are subject to change. Learn more about CDs and how they work.

Capital One 360 CD accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to allowable limits.

Please note that any Capital One or Discover Bank deposit accounts opened on or after May 18, 2025 are immediately counted with your other Capital One deposit accounts for determining deposit insurance coverage by the FDIC.

CDs allow you to save money with a fixed interest rate for a fixed amount of time, called a term. Capital One CD terms range from 6 months to 60 months. In exchange for leaving your money in the account for the term, you earn interest on the money you deposit. Keep in mind, you can’t access your money until your CD term ends without incurring a penalty.

Since CD account rates are often higher than traditional savings accounts, CDs are a great way to reach your savings goals faster using money that you don't need immediately.

How much interest you earn on your 360 CD account will depend on how much you deposit, your specific term and interest rate. Check out current Capital One 360 CD rates and terms on this page to see how much you can earn. You can enter a deposit amount to instantly see how much you will earn at the end of each term.

Capital One 360 CDs have no minimum deposit required to open an account. Just choose whatever amount is right for you.

While you can't add money to an existing 360 CD account, you can open additional CDs. In fact, you can open up to 50 CDs at once.

Once your 360 CD matures, you have a 10-day window called a grace period where you have four choices:

1. Withdraw your money and put it in another account.
2. Withdraw your money and open a different CD.
3. Renew your CD at the currently selected term length.
4. Update your renewed CD to a different term length. Choosing a new CD term length may result in a new interest rate.

If you haven't selected a new maturity option by the time your 360 CD account matures, your account will automatically renew to the same CD term at the rate effective on your maturity date. Any changes you make to your maturity options after your grace period ends will apply to your next maturity date.

You can always decide to withdraw your money early. However, like with any CD account, there is a penalty for withdrawal prior to the end of your CD term. For 12 month CD accounts (or less), the penalty for withdrawing early is 3 months of interest. For CD accounts longer than 12 months, the penalty for withdrawing early is 6 months of interest. You also cannot make a partial withdrawal during your CD term.

Yes, you can open a Capital One 360 CD online or at one of our locations.

Similar to a 360 Performance Savings account, 360 CDs are savings vehicles that allow you to deposit money and earn interest. However, unlike a 360 Performance Savings account, with a 360 CD you deposit money for a specific amount of time called a term, and you agree not to access your money until the term has ended. In exchange for agreeing not to access your money, CDs offer fixed, guaranteed returns, whereas savings account rates are variable and subject to change.

Capital One 360 CD interest is accrued daily and is compounded and credited to your CD account monthly. You can choose to receive CD interest disbursements on a monthly, yearly basis (on the anniversary date of the account opening), or end of term based on the schedule that works best for you. You can also choose to receive interest payments by transfer to another Capital One account or by transfer to an external linked account. You can change the account that receives the disbursement at any time.

Yes. You can assign up to 10 individuals as Payable on Death beneficiaries, which means that while you’re alive, the beneficiaries won’t have access to anything in the certificate of deposit (CD) account. The only exception is that you cannot assign beneficiaries for a Trust account, where the trustee controls funds for another party. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your CD accounts up to allowable limits. Learn about the two ways to manage beneficiaries for your accounts.

CD accounts like a 360 CD grow at a fixed rate over a set period of time called a term. This “set it and forget it” approach, and the fact that your money is FDIC-insured up to allowable limits, make CD accounts among the lowest-risk investments and they will not lose value. The only risk of losing money is if you make an early withdrawal from your 360 CD, where you would face a penalty of 3 to 6 months of interest depending on the term of your account.