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 |