Bank Of America vs Capital One
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Bank of America vs. Capital One
As of July 15, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to Capital One's 3.50% APY for its 360 Performance Savings account.
Capital One yields $349 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Capital One pays $350 - 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 the Advantage Savings account.
Potential Drawbacks
- Advantage Savings offers a low APY of 0.01%, unchanged from 30 days ago.
- Maintenance fee of $8 may apply unless certain conditions are met.
Capital One
Strengths
- Capital One's 360 Performance Savings offers a competitive APY of 3.50%.
- No maintenance fees associated with the 360 Performance Savings account.
- Capital One has over 200 branches across multiple states.
Potential Drawbacks
- 360 Performance Savings APY decreased from 3.60% in the past 30 days.
- Lower App Store rating of 4.9 compared to Bank of America's 4.8.
Summary: Capital One's 360 Performance Savings account provides a significantly higher APY of 3.50% compared to Bank of America's 0.01%. Additionally, Capital One has no maintenance fees and offers over 200 branches, while Bank of America has an $8 fee and fewer branches. However, Bank of America has a slightly higher App Store rating. Capital One's APY has decreased recently, while Bank of America's remains unchanged.
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 7/15/2025) | 3.50% (as of 7/15/2025) | |
| 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 6 Months)
| Bank of America | Capital One | ||
|---|---|---|---|
| Product | Advantage Savings | vs | 360 Performance Savings |
| Latest APY | 0.01 % | 3.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -4.2 | |
| Rate Changes / Mo | 0.00 | 0.54 | |
| Days Since Last Change | 168 | 20 | |
| High (-6 m) | 0.01 % | 3.80 % | |
| Low (-6 m) | 0.01 % | 3.50 % | |
| Draw-down from High | 0.0 % | -7.9 % | |
| Volatility (CV) | 0.000 | 0.021 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 168 days.
- Low (-6 m)
- Lowest APY in the last 168 days.
- Draw-down from High
- How far today sits below the 6-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: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsAfter 1 year Bank of America would earn you $34.9 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 | 3.50% | $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 Presidential Bank | 4.50% | $5,000 |
| 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 |
| Bank of America vs Wells Fargo | 2.51% | $25 |
Compare Capital One's APY of 3.50% 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 | 3.50% | $0 |
| Capital One vs Fitness Bank | 5.00% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs SoFi Bank | 3.80% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |