But the rates are generally better, and there is no minimum balance to open a CD. Those rates vary based on the CD balance, with the highest yield being 4.50% to 5.00% APY on both the two- and nine-month CDs.Ĭapital One 360 certificates of deposit have fewer term options than those of Chase, with term lengths varying from six months to five years. However, there are higher “relationship” rates for customers with a linked Chase personal checking account. ![]() The standard rate for all those terms is just 0.01% APY. Capital One: CDsĬhase certificates of deposit have many offerings, with terms varying from one month to 10 years, all of which require a minimum deposit of $1,000. This account doesn’t have any monthly fees or a minimum balance requirement.Ĭapital One also has a savings account for kids, the Capital One Kids Savings Account, that earns 2.50% APY with no fees or minimum balance requirements. That’s in line with the rates on many of the other best high-yield savings accounts. On the other hand, Capital One’s savings account, the Capital One 360 Performance Savings, is a high-yield savings account with a yield of 4.35%. This account has a monthly fee of $25 which can be waived with one of the following at each monthly statement period: maintaining a $15,000 minimum balance at the beginning of each day in the account or if linked to a Chase Premier Plus Checking℠ or Chase Sapphire℠ Checking account. There is also the Chase Premier Savings account that has a 0.01% to 0.02% APY, depending on the relationship. This account has a monthly fee of $5 which can be waived with a minimum balance at the beginning of each day of $300 in the account, at least $25 in total Autosave or other repeating automatic transfers from a personal Chase checking account, a Chase College Checking℠ account linked to this account for overdraft protection, an account owner who is younger than 18 years old or with a linked Chase Premier Plus Checking℠, Chase Sapphire℠ Checking or Chase Private Client Checking℠ account. The yield on the basic savings account is just 0.01% APY - far below the national average savings rate. Like many larger, traditional firms, the yields on Chase’s savings accounts are significantly lower than those of most online banks. If you’re looking for a place to park your cash, both Chase and Capital One have a few options.Ĭhase offers two savings accounts: Chase Savings℠ and Chase Premier Savings℠. You can also pay bills online and send cash with Zelle. While physical branches are limited, you’ll have access to over 70,000 fee-free ATMs, and you can deposit cash at any CVS, Walgreens or Duane Reade locations. Neither account has a monthly fee or overdraft fees and both earn 0.10% APY on all balances. Depending on the account you choose, you can have features such as early direct deposit, 3rd party ATM fee reimbursements, free paper checks and no-fee foreign transactions.Ĭapital One only has two checking accounts the Capital One 360 Checking Account and the Capital One MONEY Teen Checking Account. It offers mobile banking, online bill pay and Zelle. All but one checking account ( Chase Secure Banking℠) offers a way to have the monthly fees waived with qualifying activities such as having direct deposit or maintaining a minimum balance.Ĭhase has more than 15,000 ATMs and 4,700 branches. There are accounts specifically for kids and students, premium accounts and everything in between. ![]() Capital One: Checking accountsĬhase offers eight different checking accounts with monthly fees ranging from $0 to $35 per month. However, if you want to keep all your money in one place, and like the option of in-person banking you might want to consider Chase. So, if you prefer higher savings rates and lower fees on your banking accounts, then Capital One might be your choice. Chase also has a wider variety of accounts and offers mortgages and investment services, which Capital One does not. Capital One only has physical branches in eight states and Washington, D.C., whereas Chase has a presence in all the lower 48 states. But Capital One has higher rates on its savings products than Chase, as well as fewer fees and less stringent minimum balance requirements.īut rates aren’t everything. ![]() Chase: OverviewĬapital One and Chase both offer the banking basics, such as savings accounts, checking accounts and CDs. Here’s what you need to know about how these banks differ - and which one might be the right fit for you.Īccount details and annual percentage yields (APYs) are accurate as of January 16, 2024. ![]() Capital One and Chase are two of the largest banks in the country, with offerings of savings and checking accounts, certificates of deposit (CDs), credit cards, loans and more.īut there are some big differences between the banks, such as the number of physical branches and the yields you can earn.
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