Capital One 360 Review 2025 One of the Best Bank Accounts?
When it comes to banking in 2025, Capital One 360 remains one of the best choices for checking and savings accounts. With over a decade of experience using Capital One, I’ve seen firsthand how it continues to be a top-tier option. But how does it compare to competitors like SoFi? Let’s break it down.
What Time Does Capital One Bank Close?
Capital ONE hours are Monday to Friday 7 AM–9 PM and Saturday and Sunday 8 AM–5 PM.
What Time Does Capital One Bank Open?
Capital One BANK opens Monday to Friday from 7 AM to 9 PM and Saturday and Sunday from 8 AM to 5 PM. You can also use the automated options to make payments and self-serve outside of these hours.
Why Choose Capital One 360?
Capital One 360 offers several features that make it stand out in the online banking space. From great digital banking tools to fee-free accounts, here’s what makes Capital One a solid choice:
- ✅ User-Friendly Mobile & Web Apps
Review transactions easily, locate nearby ATMs, deposit checks using mobile deposit, monitor your credit score, and manage multiple Capital One accounts seamlessly.
- ✅ Access to 70,000+ Fee-Free ATMs
Capital One offers a massive network of fee-free ATMs, which is hard to beat compared to many online banks.
- ✅ Send & Receive Money with Zelle
Unlike many online-only banks, Capital One integrates seamlessly with Zelle, making it easy to send and receive money instantly.
- ✅ Deposit Cash at CVS (No Fees!)
Deposit cash at CVS stores—up to $999 per day, up to five times per month—without paying any fees. (Note: Only available at standalone CVS stores, not those inside Target or other retailers.)
- ✅ No Monthly Fees or Minimum Balances
Both the checking and savings accounts are completely fee-free, with no maintenance fees, overdraft fees, or minimum balance requirements. If an overdraft happens, you have options to avoid fees.
- ✅ Early Direct Deposit (Get Paid 2 Days Early!)
Access your paycheck up to two days early when you set up direct deposit with Capital One 360.
- ✅ Physical Branches & Capital One Cafés
Unlike most online banks, Capital One has physical branches in several states and Capital One Cafés, where you can grab a coffee and get banking assistance.
Capital One 360 Interest Rates: Checking & Savings
- 📌 Checking Account Interest
Capital One pays 0.10% APY on checking balances. While this isn’t high, it’s better than nothing.
- 📌 Savings Account Interest
Capital One’s 360 Performance Savings account offers a 4.35% APY, making it one of the best high-yield savings accounts available.
- 📌 Savings Goals & Automatic Transfers
Create custom savings goals and set up automatic deposits for things like vacations, an engagement ring, or a home down payment.
Capital One Credit Cards: A Great Bonus Perk
- 🏆 Capital One Venture X Card
Earn 2X miles on all purchases, get a $300 annual travel credit, receive 10,000 anniversary miles every year, and enjoy airport lounge access. $395 annual fee but delivers over $400 in value yearly! Welcome bonus: 75,000 miles (worth at least $750) after spending $4,000 in 3 months.
- 💳 Capital One SavorOne Card
No annual fee, earn 3% cash back on dining, entertainment, streaming services, and grocery stores. Convert cash back into miles for more value. Welcome bonus: $200 after spending $500 in 3 months.
The Downsides of Capital One 360
- ❌ Lower Checking Interest Rate
Capital One offers 0.10% APY on checking accounts, which is lower than competitors like SoFi (0.50% APY on checking with direct deposit).
- ❌ Savings Interest Rate Not the Highest
While 4.35% APY is great, some banks, like Raisin, offer up to 5.30% APY with certain partner banks. If you want the highest interest rates, you may need to look elsewhere.
Final Verdict: Is Capital One 360 Worth It?
Overall, Capital One 360 remains one of the best online bank accounts in 2024. It offers:
- Fee-free checking & savings accounts
- Access to 70,000+ fee-free ATMs
- Cash deposit capability at CVS
- Great mobile & web app experience
- Capital One credit card perks