Bank Of America vs. Capital One
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Bank of America vs. Capital One
Key Metrics at a Glance
| Feature | Bank of America | Capital One |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.40% 360 Performance Savings |
| Minimum to Open | $100 | $0 |
| Minimum Balance for APY | $0 |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- The Advantage Savings account has a low minimum deposit of $100.
Potential Drawbacks
- The current APY for Advantage Savings is only 0.01%, unchanged from 30 days ago.
- Bank of America charges an $8 monthly maintenance fee.
Capital One
Strengths
- Capital One offers a competitive APY of 3.40%, down slightly from 3.50% last month.
- The 360 Performance Savings account has no minimum deposit or balance requirements.
Potential Drawbacks
- Capital One has a lower App Store rating of 4.9 compared to Bank of America.
- The bank has a limited branch presence with over 200 locations.
Summary: Bank of America offers a low APY of 0.01% on its Advantage Savings account with an $8 fee, while Capital One provides a much higher APY of 3.40% with no fees or minimums. However, Bank of America has a higher App Store rating and a broader digital presence, while Capital One's branch network is more limited.
→ As of October 14, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Capital One's 3.40% APY for its 360 Performance Savings account, with a minimum balance of $0.
→ Capital One yields $339 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Capital One pays $340 - an APY advantage for Capital One.
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: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewCapital One
APY: 3.40%
Total savings breakdown:
- Interest earned: $2,050.5 (10.23%)
- Total contributions: $13,000 (64.84%)
- Initial deposit: $5,000 (24.94%)
Your total balance
$20,050.50
Effective APY: 3.40% (based on your deposit and contributions)
Total balance: $20,050.5
Earnings: $2,050.5
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,044.8 lower than Capital One's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 10/14/2025) | 3.40% (as of 10/14/2025) | |
| 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. | ||
| 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 8 Months)
| Bank of America | Capital One | ||
|---|---|---|---|
| Product | Advantage Savings | vs | 360 Performance Savings |
| Latest APY | 0.01 % | 3.40 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -3.6 | |
| Rate Changes / Mo | 0.00 | 0.46 | |
| Days Since Last Change | 259 | 14 | |
| High (-8 m) | 0.01 % | 3.80 % | |
| Low (-8 m) | 0.01 % | 3.40 % | |
| Draw-down from High | 0.0 % | -10.5 % | |
| Volatility (CV) | 0.000 | 0.027 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 259 days.
- Low (-8 m)
- Lowest APY in the last 259 days.
- Draw-down from High
- How far today sits below the 8-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.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
Compare Capital One's APY of 3.40% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Capital One vs Ally Bank | 3.40% | $0 |
| Capital One vs American Express | 3.50% | $0 |
| Capital One vs Axos Bank | 4.51% | $0 |
| Capital One vs Barclays | 4.10% | $0 |
| Capital One vs BrioDirect | 4.20% | $5,000 |
| Capital One vs Chase Bank | 0.01% | $0 |
| Capital One vs Chime | 3.75% | $0 |
| Capital One vs CIT Bank | 3.85% | $100 |
| Capital One vs Discover Bank | 3.40% | $0 |
| Capital One vs Elevault | 4.34% | $0 |
| Capital One vs EverBank | 4.05% | $0 |
| Capital One vs Fitness Bank | 4.75% | $100 |
| Capital One vs FVCbank | 4.10% | $500 |
| Capital One vs GO2bank | 4.50% | $0 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Neighbors Bank | 4.50% | $0 |
| Capital One vs Newtek Bank | 4.35% | $0 |
| Capital One vs Peak Bank | 4.20% | $100 |
| Capital One vs Pibank | 4.60% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs Santander Bank | 0.01% | $25 |
| Capital One vs SoFi Bank | 4.50% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs TIMBR | 4.40% | $1,000 |
| Capital One vs UFB Direct | 3.96% | $5000 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 0.05% | $25 |
| Capital One vs Zynlo Bank | 4.20% | $10 |