Capital One vs. Openbank
Comparing Capital One and Openbank for high-yield savings: Capital One's 360 Performance Savings pays 3.30% APY while Openbank's High-Yield Savings Account pays 4.09% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $79 more than Capital One annually ($409 vs $330).
Choose Capital One if you value in-person banking, mobile app quality matters, or you want Zelle for quick transfers. Choose Openbank if getting the best rate matters most.
| Metric | Capital One360 Performance Savings Feb 21, 2026 | OpenbankHigh-Yield Savings Account Feb 21, 2026 |
|---|---|---|
| APY | 3.30% | 4.09% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredLow MinimumsRate Changes Often |
Comparison Analysis
Comparing Capital One vs. Openbank
Executive Summary
Openbank offers a High-Yield Savings Account with a competitive APY of 4.09%, making it the clear winner compared to Capital One's 360 Performance Savings, which has an APY of 3.30%. Openbank's account is online-only and requires a minimum deposit of $500, but it has no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, Capital One's account has no minimum deposit or maintenance fees, but its lower APY may not yield as much interest over time. Both banks provide FDIC insurance, ensuring the safety of deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
- ✓Higher rated iOS app (4.9 vs 3.1)
- ✓Higher rated Android app (4.5 vs 2.6)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why Openbank?
- ✓Higher potential APY (4.09% vs 3.30%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $409 vs $330/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1023 vs $825/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Capital OneCapital One offers an iOS app rated 4.9 (vs. 3.1) and Android app rated 4.5 (vs. 2.6)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $79 more interest on a $10,000 balance than Capital One's 360 Performance 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
Capital One vs. Openbank Savings Calculator
You earn $79 more with Openbank than Capital One 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.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both Capital One and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Capital One | Openbank |
|---|---|---|
| APY | 3.30% Verified: 2/21/2026 ↘︎ 0.10%90d Change | 4.09% Verified: 2/21/2026 ↘︎ 0.11%90d Change |
| Product Name | 360 Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Monthly |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,500/dayAvailable for 360 Checking accounts. | Not Supported |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at Capital One Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Openbank |
|---|---|---|
| 360 Performance Savings | High-Yield Savings Account | |
Current APY | 3.30% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.3 | -2.7 |
Days Since Change | 44 | 16 |
12-Month High | 3.70% | 4.75% |
12-Month Low | 3.30% | 4.09% |
Adjustments / Mo | 0.33 | 0.33 |
Volatility Score | 0.035 | 0.027 |
How to read these metrics(Click to expand)
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