FREQUENTLY ASKED QUESTIONS
What is a CD?
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.
Are online CDs safe and FDIC insured?
Capital One 360CD accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to allowable limits.
How do bank CDs work?
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 will I earn on a CD?
How much interest you earn on your 360CD account will depend on how much you deposit, your specific term and interest rate. Check out current Capital One 360CD 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.
