Capital One 360 Performance Savings is a high-yield savings account with a variable APY, no monthly maintenance fee, no minimum balance requirement and FDIC insurance up to applicable limits. As of September 20, 2026, Bankrate lists the account at 3.00% APY, with the rate last updated on September 11, 2026. Capital One can change the APY at any time, so confirm the current rate before opening an account.
Capital One 360 Performance Savings at a Glance
| Feature | Details |
|---|---|
| Account name | Capital One 360 Performance Savings |
| Current listed APY | 3.00% variable APY |
| Minimum opening deposit | $0 |
| Minimum balance | None |
| Monthly maintenance fee | None |
| FDIC insurance | Yes, up to applicable limits |
| Interest | Compounded and credited monthly |
| Direct ATM withdrawals | Not available from the savings account |
| Access | Online, through the mobile app, and at branches or Cafés where available |
Capital One's official disclosures state that you do not need a minimum deposit to open the account or a minimum balance to receive the disclosed APY.
Is Capital One 360 Performance Savings Really a High-Yield Savings Account?
Yes. Capital One calls 360 Performance Savings a high-yield savings account because it pays a variable rate intended to be more competitive than rates on traditional savings accounts. The account pays the advertised rate across the entire balance instead of using balance tiers.
The rate is not fixed, though, and it may not be the highest available. Other online banks may offer a higher APY when you compare rates.
What Are the Main Benefits?
No Monthly Fee or Minimum Balance
Capital One does not charge a monthly maintenance fee for 360 Performance Savings. You also do not need to maintain a minimum balance. Those terms can work well for emergency funds, short-term savings and automatic savings goals.
FDIC Insurance
Capital One 360 Performance Savings accounts are FDIC-insured up to applicable limits. FDIC insurance generally protects eligible deposits if an insured bank fails, subject to federal coverage rules.
Automatic Savings Tools
Capital One's AutoSave features let you schedule transfers and choose how much to save and how often to move the money. The account also supports mobile check deposits and transfers from linked external bank accounts.
No Rate Tiers
Capital One says 360 Performance Savings pays the same rate on the full balance. You do not need to reach a certain balance to receive the advertised APY.
What Are the Drawbacks?
The APY Is Variable
The 360 Performance Savings APY is not locked in. Capital One can raise or lower the rate after you open the account.
A certificate of deposit may be a better fit if you need a fixed rate for a specific period. CDs can limit access to your money, however.
You Cannot Withdraw Directly From an ATM
Capital One says you cannot use an ATM directly with a 360 Performance Savings account. To withdraw cash from an ATM, you first need to transfer the money to an eligible checking account, such as Capital One 360 Checking.
Savings Transfer Limits May Apply
Capital One's disclosures say its savings accounts permit no more than six transfers per statement cycle to a third party or another Capital One deposit account. Capital One currently says it is not enforcing that limit, but it may notify customers if that changes.
Is Capital One 360 Performance Savings Worth Opening?
Capital One 360 Performance Savings may suit you if you want a no-fee account from a large bank with automatic savings tools, mobile access and no minimum balance.
It may be less suitable if your main goal is to earn the highest available APY. Compare Capital One's current rate with other high-yield savings accounts before applying, especially if you plan to deposit a large amount.
Check the account name before opening an account. 360 Performance Savings may have different terms from an older Capital One savings account, so existing customers should review the exact account name and current APY in their Capital One account.