bank rates

Capital One Customers: Stick With The Credit Cards, Steer Clear Of The CDs

The 6-month CD is this bank's only above average CD.When you think about Capital One, credit cards probably come to mind before CD rates.

There’s a reason for that.

CD rates are mediocre, at best, at McLean, Va.-based Capital One Bank, which has 1,000 branches in Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.

The only CD to consider (meaning the only one with an above-average rate) is the 6-month CD, which pays 0.25% APY with a $2,000 minimum deposit.

The average annual yield large banks and thrifts are offering for that term this week is 0.22%.

Not a major achievement, especially considering the 6-month leader on our CD Rates Leaderboard pays 0.81% APY.

You’ll find below-average rates for the rest of Capital One Bank’s standard terms:

12-month CD rate is 0.30% APY versus an average rate of 0.33% APY. (Leaderboard leader is 1.15% APY.)

24-month CD rate is 0.40% APY versus an average rate of 0.52% APY. (Leaderboard leader is 1.20% APY.)

36-month CD rate is 0.50% APY versus an average rate of 0.69% APY. (Leaderboard leader is 1.55% APY.)

60-month CD rate is 0.75% APY versus an average rate of 1.13% APY. (Leaderboard leader is 0.81% APY.)

Still only thinking about Capital One Bank’s credit cards?

That’s really not a bad thing.

You can learn more about Capital One Bank at or call 866-346-6549.

There are definitely better deals out there, and you’ll find them if you compare Capital One Bank’s returns with the best CD rates from scores of other banks in our extensive database.

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