Capital One 360 Bank CD Rates Increased
Capital One 360 Bank increased some of their short term and long term CD rates. The largest percentage increase was an increase of 325 percent on Capital One 360 Bank's 1 year CD rate. Capital One 360 Bank also increased rates on their 18 month and 5 year certificates of deposit.
The old 1 year CD rate and yield at Capital One 360 Bank was a measly 0.40 percent. The new 1 year CD rate is 1.29 percent with an APY of 1.30 percent. The new 1 year rate places Capital One 360 Bank at the top of our 1 year rate list. The bank is now tied with EverBank and E-Loan for the highest 1 year rate.
The 18 month CD rate at Capital One 360 Bank was increased from 1.19 percent with an APY of 1.20 percent, to 1.29 percent with an APY of 1.30 percent. The 5 year rate was increased from 2.18 percent with an APY of 2.20 percent to 2.23 percent with an APY of 2.25 percent.
Certificates of deposit at Capital One 360 Bank have the following benefits:
As with any certificate of deposit, there is an early withdrawal penalty. Listed below are the Capital One 360 Bank early withdrawal penalties:
Also keep in mined that depending on how early you redeem an CD, the early withdrawal penalty may be greater than the interest you have earned on the deposit and will be subtracted from the initial amount.
See how Capital One 360 Bank's CD rates compare with other bank rates by searching our rate lists at RatesORama.com.
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