APY
4.00%
Quick take: The Capital One 360 1-Year CD pays 4.00% APY (effective 9/24/2026, checked September 25, 2026); the 11-month CD pays more, 4.30%. Zero minimum and branch access if you already bank with Capital One. 3-month interest early withdrawal penalty on terms under 12 months.
| Term | APY |
|---|---|
| 6-Month | 3.30% |
| 9-Month | 3.75% |
| 11-Month | 4.30% |
| 1-Year | 4.00% |
| 18-Month | 3.60% |
| 2-, 2.5-, 3- and 4-Year | 3.50% |
| 5-Year | 3.60% |
Rates from capitalone.com, APYs effective 9/24/2026 (checked September 25, 2026). $0 minimum. Confirm the current rate on the Capital One site before funding.
At the 1-year term, this is how the CD compares with the most-shopped competitors:
| Bank | 1-Year APY |
|---|---|
| Capital One 360 (9/24/2026) | 4.00% |
| Marcus (June 2026, not current) | 4.75% |
| Ally (June 2026, not current) | 4.50% |
| Synchrony (June 2026, not current) | 4.60% |
For a broader view of top 1-year rates across 30+ banks and credit unions, see Best 5-Year CD Rates 2026.
A Multi-Year Guaranteed Annuity (MYGA) is the insurance-industry equivalent of a CD: lock a fixed rate for a fixed term, principal-protected. A-rated 5-year MYGAs topped out around 5.50% to 6.05% (public carrier rate sheets, October 14, 2026), versus 3.60% on Capital One’s 5-year CD (effective 9/24/2026).
Math at $250,000 over 5 years (simple annual compounding):
MYGAs also defer tax on interest until withdrawal, CDs are taxed annually as ordinary income whether you touch the interest or not. The trade-off: MYGAs have a fixed surrender schedule (usually with 10%/yr free withdrawal); CDs have shorter penalty periods. For taxable retirement money you don't plan to touch, the MYGA almost always wins. See CD vs MYGA Comparison for the full breakdown.
Short answer: nobody knows the next move, so don’t bet everything on one. The Treasury curve is no longer inverted: on September 25, 2026 the 5-year par yield was 4.98% versus 4.50% for the 1-year (U.S. Treasury), and the Fed raised its target range to 3.75%-4.00% on September 16, 2026. Many banks still price short CDs above long ones, so compare the exact terms before you lock.
Practical move: ladder. Put 1/3 in a 1-year CD or MYGA, 1/3 in a 3-year, and 1/3 in a 5-year. You capture today's still-elevated rates on the long end while keeping liquidity rolling.
Capital One lists the 360 1-Year CD at 4.00% APY and the 11-month CD at 4.30% APY, effective 9/24/2026. Rates change frequently, confirm on the Capital One website before opening.
Yes. Capital One 360 is FDIC-insured up to $250,000 per depositor, per ownership category. Couples with joint accounts get $500,000 of coverage.
$0 (no minimum). If you have more to deposit, FDIC coverage caps at $250,000 per depositor per bank, split large balances across multiple institutions if needed.
3 months interest. Withdraw before maturity and the penalty is deducted from your interest (or principal if interest isn't enough). Plan your maturity date carefully.
No, like most traditional CDs, this is a single-deposit account. To add funds, you must open a new CD at the rate available at that time.
Capital One typically gives you a 10-day grace period to withdraw, change terms, or accept auto-renewal at the current posted rate. Set a calendar reminder, auto-renewal often locks you in at a worse rate.
MYGAs are priced by term; for reference, A-rated 5-year MYGAs topped out around 5.50% to 6.05% (public carrier rate sheets, October 14, 2026), versus 3.60% on Capital One's 5-year CD. MYGA interest is tax-deferred (CDs are taxed annually). Trade-off: MYGAs have surrender schedules; CDs have shorter penalty periods. For taxable retirement money, the MYGA usually wins. See CD vs MYGA Comparison.
This review reflects publicly posted bank rates and approximate APYs as of 2026-06-27. CD rates change frequently, confirm current rates directly with Capital One 360 before opening an account. This article is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific banking or insurance product. Capital One 360 is FDIC- or NCUA-insured to the limits stated; coverage is per depositor, per ownership category. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers; he is NOT a bank employee, broker-dealer, or registered representative, and is not paid by Capital One 360 for this review. No compensation has been received from Capital One 360 in connection with this content. MYGA comparisons reference rates from A-rated carriers as of the date stated; carrier rates change monthly. Always read the actual CD disclosure or annuity contract before purchasing.
Hans Goldstein is an Enrolled Agent, admitted to practice before the Internal Revenue Service. Not affiliated with or endorsed by the IRS. General education, not tax or legal advice for your situation.