Capital One vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Capital One vs. Wells Fargo
As of July 15, 2025 Capital One offers an APY of 3.50% for its 360 Performance Savings account, compared to Wells Fargo's 2.51% APY for its Platinum Savings account.
Capital One yields $345 more than Wells Fargo on a $10,000 balance after one year. Capital One pays $350, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for Capital One.
Capital One
Strengths
- Capital One's 360 Performance Savings offers a competitive APY of 3.50%.
- Capital One has an A+ BBB rating and is BBB Accredited.
- Capital One has over 200 branches across several states.
Potential Drawbacks
- Capital One's APY decreased from 3.60% in the last 30 days.
- No direct deposit requirement may limit some account options.
Wells Fargo
Strengths
- Wells Fargo's Platinum Savings offers a high APY of 2.51% for large balances.
- Wells Fargo has a 4.8 Google Play rating, indicating strong user satisfaction.
Potential Drawbacks
- Wells Fargo has an F BBB rating and is not BBB Accredited.
- Wells Fargo's high APY requires a $1,000,000 balance and linked checking account.
Summary: Capital One offers a higher APY of 3.50% with no minimum balance, while Wells Fargo's 2.51% requires $1,000,000. Capital One also has a better BBB rating (A+) compared to Wells Fargo's F. Additionally, Capital One has over 200 branches, whereas Wells Fargo operates in 36 states. However, Capital One's APY recently dropped from 3.60%, while Wells Fargo's APY is tiered and requires a linked account for higher rates.
Compare Capital One's vs Wells Fargo's Savings Accounts
| Capital One | Wells Fargo | ||
|---|---|---|---|
| Product | 360 Performance Savings | vs | Platinum Savings |
| APY | 3.50% (as of 7/15/2025) | 0.05% - 2.51% (as of 7/16/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $0 | $25 | |
| Minimum Balance for APY | $0 | $1,000,000 | |
| Maintenance Fee | $0 | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | No | No | |
| Note | N/A | This is a tiered savings account where rates vary based on the balance. The 2.51%% APY is available for balances of $1,000,000 or more, and 0.05%% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. | |
| Visit Bank | 360 Performance Savings | Platinum Savings | |
| App Store Rating | 4.9/5 | 4.9/5 | |
| Google Play Rating | 4.5/5 | 4.8/5 | |
| BBB Rating | A+ | F |
No historical data available.
Calculate Savings Growth for Capital One vs Wells Fargo
All calculations are based on APY.
Capital One
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsWells Fargo
APY: 2.51%
Total savings breakdown:
- Interest earned: $25.1 (2.45%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (97.55%)
Your total balance
$1,025.10
Effective APY: 2.51% (based on your deposit and contributions)
Total balance: $1,025.1
Earnings: $25.1
Bank DetailsAfter 1 year Capital One would earn you $9.9 more than Wells Fargo.
More Comparisons
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 | 3.60% | $0 |
| Capital One vs Axos Bank | 4.66% | $0 |
| Capital One vs Bank of America | 0.01% | $100 |
| 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 | 5.00% | $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 Varo Bank | 5.00% | $0 |
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.60% | $0 |
| Wells Fargo vs Axos Bank | 4.66% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Fitness Bank | 5.00% | $100 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs Presidential Bank | 4.50% | $5,000 |
| Wells Fargo vs SoFi Bank | 3.80% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |