Offer value details
Capital One describes 360 Performance Savings as an FDIC-insured online savings account with a high-yield rate, no fees to open or keep the account, and no minimum balance required to maintain the account.
Qualification requirements
The disclosure says there is no minimum balance required to obtain the disclosed APY. Capital One says the account is not considered opened until it is funded, and the product FAQ says approved applicants have 60 days to fund the account.
Fees and costs
Capital One lists no monthly cycle service charge and no fees to open or keep the account. The disclosure still lists possible service costs, including a $30 outgoing domestic wire transfer, a $10 cashier's check at a Capital One location, and possible foreign-check charges from the paying bank.
Availability
The disclosure says applicants must be U.S. citizens or lawful permanent residents with an eligible U.S. physical or military address, be at least 18, have a U.S.-based mobile phone number, have a valid SSN or ITIN, and use a linked account at a U.S.-chartered bank. Account opening is subject to approval.
What to verify
- APY is variable and can change at any time before or after account opening.
- Because the APY is variable, confirm the current rate on Capital One's page before opening.
- Outgoing domestic wires, cashier's checks, foreign checks, and other account services can create fees.
- The account does not support ATM withdrawals directly; Capital One says users need to transfer money to a checking account for ATM access.
- Eligibility, linked-account, account-limit, deposit-availability, and funding rules can affect whether the account opens and how quickly funds are usable.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.