APY
3.60%
Capital One 360 5-Year CD Rate (2026)
Quick take: The Capital One 360 5-Year CD pays 3.60% APY (effective 9/24/2026, checked September 25, 2026), below the best nationally available 5-year CDs (4.35% to 4.50%, DepositAccounts, September 24, 2026) and well below 5-year MYGAs: A-rated 5-year MYGAs topped out around 5.50% to 6.05% (public carrier rate sheets, October 14, 2026). No minimum deposit. 6-month interest penalty.
Capital One 360 CD rates, checked September 25, 2026
| Term | APY | Source, as of |
|---|---|---|
| 11-month | 4.30% | capitalone.com, effective 9/24/2026 |
| 12-month | 4.00% | capitalone.com, effective 9/24/2026 |
| 60-month (5-year) | 3.60% | capitalone.com, effective 9/24/2026 |
| 6-month | 3.30% | capitalone.com, effective 9/24/2026 |
| 24- to 48-month | 3.50% | capitalone.com, effective 9/24/2026 |
$0 minimum; APYs are those Capital One lists as effective 9/24/2026. For comparison, A-rated 5-year MYGAs topped out around 5.50% to 6.05% (public carrier rate sheets, October 14, 2026). Rates change weekly. Other rate figures further down this page are as of June 27, 2026.
Hero stats · Capital One 5-Year CD
Insurance
FDIC
Min Deposit
$0 (no minimum)
EWP
6 months interest
As of
2026-09-24 (bank)
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $121,081 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $5,055 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Capital One CD rates, full term ladder (effective 9/24/2026)
| 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.
Pros and cons
Pros
- No minimum deposit
- Light 3-month interest early withdrawal penalty on terms under 12 months
- Branch access if you live near a Capital One Cafe
- Strong mobile app and integrated banking
- Easy auto-renewal management
Cons
- 5-Year APY (3.60%) trails the best 5-year CDs (4.35% to 4.50%)
- 5-Year APY (3.60%) trails A-rated 5-year MYGAs (5.50% to 6.05%) by 220+ bps
- Branch access limited to Capital One Cafe markets
- No partial early withdrawal, full balance only
Rate alert
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
We’ll email you when a rate on this page changes. Hans Goldstein · NPN 20602398.
Rather talk it through? Or book 15 minutes on Hans’s calendar.
How the Capital One 5-Year CD compares to peers
At the 5-year term, this is how the CD compares with the most-shopped competitors:
| Bank | 5-Year APY |
|---|---|
| Capital One 360 (9/24/2026) | 3.60% |
| Marcus (June 2026, not current) | 4.00% |
| Ally (June 2026, not current) | 4.00% |
| Top nationally available 5-year CDs (DepositAccounts, 9/24/2026) | 4.35%-4.50% |
For a broader view of top 5-year rates across 30+ banks and credit unions, see Best 5-Year CD Rates 2026.
When a MYGA beats this CD
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):
- Capital One 5-Year CD @ 3.60%: $298,359 ending balance
- 5-year MYGA @ 5.50%: $326,740 ending balance
- Difference: $28,381 in favor of the MYGA, before tax deferral
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.
Lock in now or wait?
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.
FAQ, Capital One 5-Year CD
What is the current Capital One 5-Year CD rate?
Capital One lists the 360 5-Year CD at 3.60% APY, effective 9/24/2026. Rates change frequently, confirm on the Capital One website before opening.
Is the Capital One 5-Year CD FDIC-insured?
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.
What is the minimum deposit for the Capital One 5-Year CD?
$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.
What is the early withdrawal penalty?
6 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.
Can I add money to my Capital One CD after opening?
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.
What happens at maturity?
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.
Should I pick a CD or a MYGA at this term?
At the 5-year term, A-rated 5-year MYGAs topped out around 5.50% to 6.05% (public carrier rate sheets, October 14, 2026), well above this CD's 3.60%. 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.
Related reading
- Capital One full bank CD review
- Best 5-Year CD Rates 2026: 30+ banks compared
- CD vs MYGA: which one fits your money?
- Best MYGA Rates 2026: current top carriers
Before you lock in, get the MYGA comparison
Hans Goldstein, independent licensed insurance producer.
If you're considering the Capital One 5-Year CD, you should see what a 5-year MYGA from an A-rated carrier pays at the same risk level. Often it's 50-150 basis points higher, with tax deferral.
Send your details and you'll get a written side-by-side: this CD vs. the top 3 MYGAs at the same term, with end-of-term math at your actual deposit amount. We’ll email it to you.
Rather talk it through? Or book 15 minutes on Hans’s calendar, or call 213-414-2808.
Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
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.