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 America | Capital One | ||
---|---|---|---|
Product | Advantage Savings | vs | 360 Performance Savings |
APY | 0.01% (as of 6/20/2025) | 3.60% (as of 6/20/2025) | |
Bundled Account | No | No | |
FDIC-insured | Yes | Yes | |
Online Only | No | No | |
Compound Frequency | Monthly | Monthly | |
Minimum Deposit | $100 | $0 | |
Minimum Balance for APY | N/A | $0 | |
Maintenance Fee | $8 | $0 | |
Direct Deposit Required | No | No | |
Note | 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. | N/A | |
Visit Bank | Advantage Savings | 360 Performance Savings | |
App Store Rating | 4.8/5 | 4.9/5 | |
Google Play Rating | 4.6/5 | 4.5/5 | |
BBB Rating | A | A+ |
Comparative Historical APY Insights (Last 5 Months)
Bank of America | Capital One | ||
---|---|---|---|
Product | Advantage Savings | vs | 360 Performance Savings |
Latest APY | 0.01 % | 3.60 % | |
Trend | Sideways | Sideways | |
Slope (bps/mo) | -0.0 | -3.8 | |
Rate Changes / Mo | 0.00 | 0.42 | |
Days Since Last Change | 143 | 74 | |
High (-5 m) | 0.01 % | 3.80 % | |
Low (-5 m) | 0.01 % | 3.60 % | |
Draw-down from High | 0.0 % | -5.3 % | |
Volatility (CV) | 0.000 | 0.017 |
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 DetailsCapital 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 DetailsAfter 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
Bank Pair | Best APY | Min Deposit |
---|---|---|
Bank of America vs Ally Bank | 3.50% | $0 |
Bank of America vs American Express | 3.60% | $0 |
Bank of America vs Axos Bank | 4.66% | $0 |
Bank of America vs Barclays | 4.10% | $0 |
Bank of America vs Chase Bank | 0.01% | $0 |
Bank of America vs Chime | 3.75% | $0 |
Bank of America vs CIT Bank | 4.00% | $100 |
Bank of America vs Discover Bank | 3.60% | $0 |
Bank of America vs Fitness Bank | 5.00% | $100 |
Bank of America vs Marcus by Goldman Sachs | 3.65% | $0 |
Bank of America vs SoFi Bank | 3.80% | $0 |
Bank of America vs Synchrony Bank | 3.80% | $0 |
Bank of America vs Varo Bank | 5.00% | $0 |
Compare Capital One's APY of 3.60% with other banks
Bank Pair | Best APY | Min Deposit |
---|---|---|
Capital One vs Ally Bank | 3.50% | $0 |
Capital One vs American Express | 3.60% | $0 |
Capital One vs Axos Bank | 4.66% | $0 |
Capital One vs Barclays | 4.10% | $0 |
Capital One vs Chase Bank | 0.01% | $0 |
Capital One vs Chime | 3.75% | $0 |
Capital One vs CIT Bank | 4.00% | $100 |
Capital One vs Discover Bank | 3.60% | $0 |
Capital One vs Fitness Bank | 5.00% | $100 |
Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
Capital One vs SoFi Bank | 3.80% | $0 |
Capital One vs Synchrony Bank | 3.80% | $0 |
Capital One vs Varo Bank | 5.00% | $0 |