Bank Of America vs Capital One
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Bank of America vs. Capital One

As of June 20, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to Capital One's 3.60% APY for its 360 Performance Savings account.

Capital One yields $359 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Capital One pays $360 - an APY advantage for Capital One.

Bank of America

Strengths

  • Bank of America has a high App Store rating of 4.8.
  • No direct deposit requirement for Advantage Savings account.

Potential Drawbacks

  • Advantage Savings offers a low APY of 0.01%.
  • Monthly maintenance fee of $8 may apply.

Capital One

Strengths

  • Capital One's 360 Performance Savings offers a competitive APY of 3.60%.
  • No maintenance fees for the 360 Performance Savings account.
  • Capital One has over 200 branches across multiple states.

Potential Drawbacks

  • Capital One has a lower Google Play rating of 4.5 compared to Bank of America.
Summary: Capital One offers a significantly higher APY of 3.60% for its 360 Performance Savings account, compared to Bank of America's 0.01%. Additionally, Capital One has no maintenance fees and over 200 branches, while Bank of America charges an $8 monthly fee for its Advantage Savings account. However, Bank of America has a slightly higher App Store rating at 4.8 compared to Capital One's 4.9, though Capital One's Google Play rating is lower.

Compare Bank of America's vs Capital One's Savings Accounts

Bank of AmericaCapital One
ProductAdvantage Savingsvs360 Performance Savings
APY
0.01% (as of 6/20/2025)3.60% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyNoNo
Compound Frequency
MonthlyMonthly
Minimum Deposit$100$0
Minimum Balance for APYN/A$0
Maintenance Fee$8$0
Direct Deposit Required
NoNo
NoteAPY 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.N/A
Visit BankAdvantage Savings360 Performance Savings
App Store Rating4.8/54.9/5
Google Play Rating4.6/54.5/5
BBB RatingAA+

Comparative Historical APY Insights (Last 5 Months)

Bank of AmericaCapital One
ProductAdvantage Savingsvs360 Performance Savings
Latest APY0.01 %3.60 %
TrendSidewaysSideways
Slope (bps/mo)-0.0-3.8
Rate Changes / Mo0.000.42
Days Since Last Change14374
High (-5 m)0.01 %3.80 %
Low (-5 m)0.01 %3.60 %
Draw-down from High0.0 %-5.3 %
Volatility (CV)0.0000.017
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Calculate Savings Growth for Bank of America vs Capital One

All calculations are based on APY.

Bank of America

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

Capital One

APY: 3.60%

Total savings breakdown:

  • Interest earned: $36 (3.47%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.53%)

Your total balance

$1,036.00

Effective APY: 3.60% (based on your deposit and contributions)

Total balance: $1,036

Earnings: $36

Bank Details

After 1 year Bank of America would earn you $35.9 less than Capital One.

More Comparisons

Compare Bank of America's APY of 0.01% with other banks
Compare Capital One's APY of 3.60% with other banks