Bank of America vs. Capital One
Bank of America's Advantage Savings pays 0.04% APY while Capital One's 360 Performance Savings pays 3.00% 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 $296 more than Bank of America annually ($300 vs $4).
Choose Capital One if getting the best rate matters most, or you value in-person banking.
| Metric | Bank of AmericaAdvantage Savings Sep 11, 2026 | Capital OneBusiness Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 0.04% | 3.50% |
Earns in a year | $5,000+$2 $10,000+$4 $25,000+$10 | $5,000+$175 $10,000+$350 $25,000+$875 |
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® Supported |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Bank of America vs. Capital One
Executive Summary
Capital One offers a significantly higher APY of 3.50% for its Business Savings Account, making it the clear winner compared to Bank of America's Advantage Savings, which yields only 0.04%. Capital One's account has no minimum balance requirement and no maintenance fees, providing better returns for both small and large deposits. In contrast, Bank of America's savings account requires a minimum deposit of $10,000 and has a monthly maintenance fee of $8 unless certain conditions are met. While Bank of America does have other savings options, they do not match the competitive rates offered by Capital One.
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 (2.50%-3.50% vs 0.01%-0.04%) 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 Business Savings Account earns more on smaller deposits (approx. $350 vs $4/yr).
Better Returns at $25,000
Capital OneCapital One's Business Savings Account pulls ahead with larger amounts (approx. $875 vs $10/yr).
Better for Simplicity
Capital OneCapital One's Business Savings Account offers 3.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Capital One's Business Savings Account pays $346 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 $346 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+$4.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,004.00
Capital One
Business Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Capital One |
|---|---|---|
| APY | 0.04% Observed: 9/11/2026 Stable over 90 days | 3.50% Observed: 9/11/2026 Stable over 90 days |
| Product Name | Advantage Savings | Business Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $8 | N/A |
| Compound Frequency | Monthly | Monthly |
| In-Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Physical Branches | 3,823 (AR, AZ, CA, CO, CT, DC, DE, FL (+31 more)) | 252 (CT, DC, DE, LA, MD, NJ, NY, TX (+1 more)) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA 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 Relationship Banking | Business Advantage Savings | 360 Performance Savings | Business Savings Account | |
Current APY | 0.02% | 0.01% | 3.00% | 3.50% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | 0.00 | -0.00 | -0.03 | 0.00 |
Days Since Change | 105 | 114 | 101 | 171 |
7-Month High | 0.11% | 0.02% | 3.20% | 3.50% |
7-Month Low | 0.02% | 0.01% | 3.00% | 3.50% |
Changes per month | 0.54 | 0.54 | 0.27 | 0.00 |
Steadiness | 0.894 | 0.354 | 0.026 | 0.000 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 223-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Bank of America's APY of 0.04% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bank of America vs Ally Bank | 3.00% | $0 |
| Bank of America vs American Express | 3.00% | $0 |
| Bank of America vs Axos Bank | 4.21% | $0 |
| Bank of America vs Barclays | 3.65% | $0 |
| Bank of America vs Chime | 3.75% | $0 |
| Bank of America vs CIT Bank | 3.75% | $100 |
| Bank of America vs EverBank | 3.90% | $0 |
| Bank of America vs Marcus by Goldman Sachs | 3.40% | $0 |
| Bank of America vs Newtek Bank | 4.20% | $100 |
| Bank of America vs Openbank | 3.80% | $500 |
| Bank of America vs Pibank | 4.10% | $0 |
| Bank of America vs SoFi Bank | 4.00% | $0 |
| Bank of America vs Synchrony Bank | 3.30% | $0 |
| Bank of America vs Varo Bank | 3.75% | $0 |
| Bank of America vs Wealthfront | 3.95% | $0 |