Bank of America vs. Capital One
Comparing Bank of America and Capital One for savings: Bank of America's Advantage Savings pays 0.01% APY while Capital One's 360 Performance Savings pays 3.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Capital One pays $319 more than Bank of America annually ($320 vs $1).
Choose Capital One if getting the best rate matters most, or you value in-person banking.
| Metric | Bank of AmericaAdvantage Savings Feb 25, 2026 | Capital One360 Performance Savings Apr 21, 2026 |
|---|---|---|
| APY | 0.01% | 3.20% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$160 $10,000+$320 $25,000+$800 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Comparison Analysis
Comparing Bank of America vs. Capital One
Executive Summary
Capital One offers a significant advantage with its 360 Performance Savings account, boasting an APY of 3.20%. This account requires no minimum deposit or balance, and there are no maintenance fees, making it an attractive option for savers. In contrast, Bank of America’s Advantage Savings account provides a much lower APY of 0.01%, with a minimum deposit of $100 and an $8 monthly maintenance fee, which can be waived under certain conditions. Overall, Capital One stands out as the clear winner for those seeking higher returns on their savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bank of America?
No distinct advantages found vs Capital One.
Why Capital One?
- ✓Higher potential APY (3.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
— Key Feature Differences —
Better Returns at $10,000
Capital OneCapital One's 360 Performance Savings earns more on smaller deposits (approx. $320 vs $1/yr).
Better Returns at $25,000
Capital OneCapital One's 360 Performance Savings pulls ahead with larger amounts (approx. $800 vs $3/yr).
Best for Simplicity
Capital OneCapital One's 360 Performance Savings offers 3.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Capital One's 360 Performance Savings pays $319 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bank of America vs. Capital One Savings Calculator
You earn $319 more with Capital One than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Capital One |
|---|---|---|
| APY | 0.01% Verified: 2/25/2026 Stable (90d) | 3.20% Verified: 4/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Advantage Savings | 360 Performance Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0 |
| Compound Frequency | Monthly | Monthly |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Physical Branches | N/A | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Available Limit: $2,500/dayAvailable for 360 Checking accounts. |
| BBB Rating | A+ | A+ |
| Important Notes | 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. | - |
| Next Steps | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at Capital One Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Capital One |
|---|---|---|
| Advantage Savings | 360 Performance Savings | |
Current APY | 0.01% | 3.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -3.5 |
Days Since Change | 71 | -15 |
12-Month High | 0.03% | 3.70% |
12-Month Low | 0.01% | 3.20% |
Adjustments / Mo | 0.16 | 0.41 |
Volatility Score | 0.116 | 0.042 |
How to read these metrics(Click to expand)
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Compare Bank of America's APY of 0.01% with other banks
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| Bank of America vs Ally Bank | 3.10% | $0 |
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