Bank of America vs. Capital One
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
Capital One
360 Performance Savings
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Capital One
360 Performance Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Bank of America vs. Capital One
Why Bank of America?
No distinct advantages found vs Capital One.
Why Capital One?
- ✓Higher potential APY (3.40% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
— Key Feature Differences —
Better Returns at $10,000
Capital OneCapital One's 360 Performance Savings earns more on smaller deposits (approx. $340 vs $1/yr).
Better Returns at $25,000
Capital OneCapital One's 360 Performance Savings pulls ahead with larger amounts (approx. $850 vs $3/yr).
Best for Simplicity
Capital OneCapital One's 360 Performance Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Capital One's 360 Performance Savings pays $339 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
Capital One offers a clear advantage with its 360 Performance Savings account, boasting a competitive APY of 3.40%. This account requires no minimum deposit or balance, and there are no maintenance fees, making it an attractive option for savers. In contrast, Bank of America's Advantage Savings account provides a significantly lower APY of just 0.01%, with a minimum deposit requirement of $100 and a monthly maintenance fee of $8, which can be waived under certain conditions. Overall, for those seeking higher returns without additional fees or requirements, Capital One is the superior choice.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Stop Losing Interest
See who beats both Bank of America and Capital One.
| Feature | Bank of America | Capital One |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change |
| Product Name | Advantage Savings | 360 Performance Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0 |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | - |
| Next Steps |
Savings Comparison
Capital One earns $2,044.8 more than Bank of America.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Capital One |
|---|---|---|
| Advantage Savings | 360 Performance Savings | |
Current APY | 0.01% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.5 |
Days Since Change | 311 | 66 |
10-Month High | 0.01% | 3.80% |
10-Month Low | 0.01% | 3.40% |
Adjustments / Mo | 0.00 | 0.39 |
Volatility Score | 0.000 | 0.032 |
How to read these metrics(Click to expand)
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