Capital One 360 CD (12 Month)

The Capital One 360 CD is the certificate arm of Capital One's retail bank. You can open one online or at a Capital One location, although Capital One notes that its Cafes do not provide the same services as bank branches. Terms run 6, 9, 12, 18, 24, 30, 36, 48 and 60 months, plus an 11 month special, with no minimum deposit to open or maintain and no monthly cycle service charge. The 12 month term pays 4.00% APY as of October 14, 2026. The page also advertises an 11 month CD at 4.40% APY for a limited time, with no end date stated and no minimum deposit. Other terms pay less than the 12 month: 9 months at 3.75%, 18 months and 60 months at 3.60%, 24, 30, 36 and 48 months at 3.50%, and 6 months at 3.30%. The 6 month rate sits 70 basis points below the 12 month and 20 basis points above the 3.10% APY shown for Capital One's own 360 Performance Savings account, which is a variable rate. If your horizon is under a year, compare the 6 month CD with that savings rate before locking money in. Interest accrues daily using the daily balance method and is compounded and credited monthly. The early withdrawal penalty is simple: 3 months of interest on terms of 12 months or less, and 6 months of interest on anything longer. Partial withdrawals are not permitted, so an early exit closes the whole CD. At maturity you get a 10 day grace period to withdraw, renew or switch terms, and the CD auto renews at the prevailing rate if you do nothing. Two structural details matter. Balances are capped at $1,000,000 per CD, though you can open as many as 50 CDs at once, which makes laddering straightforward. And FDIC coverage now has a wrinkle: Capital One acquired Discover, and any Capital One or Discover Bank deposit accounts opened on or after May 18, 2025 are counted together when the FDIC calculates your $250,000 limit. If you hold money at both brands, check your combined exposure rather than assuming two separate buckets. This fits savers who want a one year CD with no minimum, with the option to open it in person, or who want to run a multi-rung ladder inside one login. The 24 to 48 month terms pay 3.50% against 4.00% on the 12 month, so a longer lock does not pay more here. And if you already keep large balances at Discover, confirm your FDIC math before adding more here.