Capital One vs. Santander Bank
Comparing Capital One and Santander Bank for savings: Capital One's 360 Performance Savings pays 3.20% APY while Santander Bank's Santander Savings pays 0.01% 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 Santander Bank annually ($320 vs $1).
Choose Capital One if getting the best rate matters most.
| Metric | Capital One360 Performance Savings Apr 21, 2026 | Santander BankSantander Savings Jan 29, 2026 |
|---|---|---|
| APY | 3.20% | 0.01% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDaily CompoundingRate 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 Capital One vs. Santander Bank
Executive Summary
Capital One offers a clear advantage with its 360 Performance Savings account, boasting a competitive APY of 3.20%, which is significantly higher than Santander Bank's Savings account, which yields only 0.01% APY. Capital One's account requires no minimum deposit, maintenance fees, or direct deposit, making it an attractive option for savers. In contrast, Santander imposes a $25 minimum deposit and a $1 maintenance fee, which may deter potential customers. With its higher yield and user-friendly features, Capital One stands out as the superior choice for 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 Capital One?
- ✓Higher potential APY (3.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.5 vs 4.1)
Why Santander Bank?
No distinct advantages found vs Capital One.
— 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.
Best Mobile App Experience
Capital OneCapital One offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.5 (vs. 4.1)
Shared Benefits
Over a 1-year period, Capital One's 360 Performance Savings pays $319 more interest on a $10,000 balance than Santander Bank's Santander 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. Santander Bank Savings Calculator
You earn $319 more with Capital One than Santander Bank 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+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Capital One | Santander Bank |
|---|---|---|
| APY | 3.20% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 0.01% Verified: 1/29/2026 Stable (90d) |
| Product Name | 360 Performance Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Physical Branches | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. | Primarily in the Northeast and Miami, Florida |
| 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. | Available Branch-based retail accounts only. |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Capital One Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | Santander Bank |
|---|---|---|
| 360 Performance Savings | Santander Savings | |
Current APY | 3.20% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -0.2 |
Days Since Change | -42 | 132 |
12-Month High | 3.80% | 0.03% |
12-Month Low | 3.20% | 0.01% |
Adjustments / Mo | 0.49 | 0.08 |
Volatility Score | 0.045 | 0.462 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Capital One's APY of 3.20% with other banks
Compare Santander Bank's APY of 0.01% with other banks
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|---|---|---|
| Santander Bank vs Ally Bank | 3.10% | $0 |
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| Santander Bank vs Openbank | 4.00% | $500 |
| Santander Bank vs Pibank | 4.40% | $0 |
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