Bank Of America vs Capital One
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
We earn a commission if you open an account through some links on this page.
Summary of Bank of America vs. Capital One
As of August 29, 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.
- Bank of America offers an Advantage Savings account with a low minimum deposit of $100.
Potential Drawbacks
- The current APY for Bank of America's Advantage Savings is only 0.01%.
- Bank of America charges an $8 monthly maintenance fee.
Capital One
Strengths
- Capital One's 360 Performance Savings offers a competitive APY of 3.50%.
- Capital One has no maintenance fees and no minimum balance requirements.
Potential Drawbacks
- Capital One has fewer branches, with over 200 locations.
- Capital One's App Store rating is slightly lower at 4.9.
Summary: Capital One's 360 Performance Savings account stands out with a significantly higher APY of 3.50% compared to Bank of America's 0.01%. Additionally, Capital One has no maintenance fees or minimum balance requirements, making it more accessible. However, Bank of America has a higher App Store rating and a lower minimum deposit for its Advantage Savings account. Both banks share an A+ BBB rating, but only Capital One is BBB Accredited.
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 8/29/2025) | 3.50% (as of 8/29/2025) | |
| 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 7 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 | -3.9 | |
| Rate Changes / Mo | 0.00 | 0.42 | |
| Days Since Last Change | 213 | 65 | |
| High (-7 m) | 0.01 % | 3.80 % | |
| Low (-7 m) | 0.01 % | 3.50 % | |
| Draw-down from High | 0.0 % | -7.9 % | |
| Volatility (CV) | 0.000 | 0.024 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 213 days.
- Low (-7 m)
- Lowest APY in the last 213 days.
- Draw-down from High
- How far today sits below the 7-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: $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: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,108.4 lower than Capital One's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 | 3.50% | $0 |
| Bank of America vs Axos Bank | 4.46% | $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 | 4.85% | $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 UFB Direct | 4.21% | $5000 |
| 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 | 3.50% | $0 |
| Capital One vs Axos Bank | 4.46% | $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 | 4.85% | $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 UFB Direct | 4.21% | $5000 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |