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The Basics

What is 360 Savings?

360 Savings has no fees, no minimums and no catches. Your money will earn much more than what it would in an average savings or money market account and all deposits are FDIC insured up to $250,000 per depositor.

What's the catch? There is none!

View a short demo to learn how 360 Savings works. Opens a new window

360 Savings Terms & Conditions Opens a new window

Paperless Agreement Opens a new window

What is 360 Money Market?

With 360 Money Market, you'll earn one of the nation's best savings rates -- without fees. You can access your money whenever you want online and with our mobile app. Plus, all deposits are FDIC-insured up to $250,000 per depositor.

360 Money Market Terms & Conditions

What’s the difference between 360 Savings and 360 Money Market?

The 360 Savings account has no fees and no minimums, plus has tools to help you save.  It offers the same great rate regardless of your account balance.  The 360 Money Market account includes the same great features–like no fees–but pays one of the nation’s best savings rates for accounts with balances of $10,000 or more.  Both accounts provide 24/7 online and mobile access to your money, plus the option of chatting with a real person for help at 1-800-289-1992.  Regardless of which account you choose, your deposits are FDIC insured up to $250,000 per depositor.

How do I access my money?

When you open your 360 Savings or 360 Money Market, we'll use the checking account information you provide for your initial deposit to automatically establish a link, which allows you to easily transfer funds between the two accounts. View Opens a new window a brief demo to learn more about links.

You can initiate a deposit or withdrawal between your accounts online or by phone one of the following ways:

  • Sign in to your account 24/7 at Opens a new window.
  • Call our Interactive Phone Service with 24/7 access at 1-888-464-7868.
  • Speak to an Associate at 1-888-464-0727 from 8 AM to 8 PM, 7 days a week.

Keep in mind, transactions generally take 2 business days to be completed.

If you have 360 Checking, you can transfer funds from your 360 Savings to your 360 Checking, which will be instantly available to make purchases with your debit card, to access cash at over 38,000 free Allpoint® ATMs or to pay bills online.

How do you calculate the interest on my account?

Interest on your savings account is accrued daily, compounded monthly and credited to your available balance at the end of each month.

When do deposits start accruing interest and how long are they on hold?

Interest starts accruing on your deposit starting the next business day after being processed.

Most deposits into 360 Savings, Money Market and Kids Savings Accounts are subject to a 4 business day hold before they can be withdrawn. Deposits to Confidence Savings are generally available the next business day.

Checks drawn from another Capital One, N.A. account will be available the next business day.

Electronic deposits that are automatically initiated outside the bank - like Direct Deposit or Social Security benefits - are generally available immediately. Transfers between Capital One 360 and Capital One Bank accounts are also available immediately. Both begin earning interest right away.

Deposits into 360 Checking are slightly different. Learn More.

How can I close my account?

Follow these directions to close one of your savings accounts – you’ll need to repeat the steps to close multiple accounts:

  1. Sign in to
  2. Click on the account you want to close
  3. Check to make sure you have no scheduled transactions or deposits on hold (including an Automatic Savings Plan)
  4. Click the 'Transfers & Deposits' tab
  5. Enter the entire balance of the account as the amount you’d like to transfer
  6. Select your savings account as the "from" account and the account you’d like the money transferred to
  7. Click the 'Transfer' button and finally the 'Close Account' button

Once you do this, your account will be closed. If you're consolidating funds into another Capital One 360 account, the transfer is immediate. If you're transferring the funds to your external linked checking, the funds will arrive in 2 business days. 

If your savings has a $0 balance, not to worry. Here's how you can close it:

  1. Sign in to
  2. Click on the account you want to close
  3. Check to make sure you have no scheduled transactions or deposits on hold (including an Automatic Savings Plan)
  4. Click the ‘Account Details’ tab
  5. Click ‘Close your account’ at the bottom of the screen
  6. Select an account to transfer any accrued interest to (if applicable)
  7. Click the ‘Continue’ button and finally the ‘Close Account’ button

Is there a limit to the number of withdrawals I can make from my savings?

Yes. Due to federal regulations, the 360 Savings and 360 Money Market each have a limit of 6 withdrawals per calendar month. Withdrawals include transfers to your linked checking account or between other Capital One 360 accounts and external withdrawals. So, for example, if you transfer money from one 360 Savings to another 360 Savings, 360 Money Market, 360 Checking, etc., it still counts as 1 withdrawal. Keep in mind, the 6 withdrawal limit is per each 360 Savings account. If you exceed the limit multiple times, your account may be closed.

Keep in mind, the following withdrawals do not count towards the withdrawal limit:

  • Withdrawals to a Capital One Mortgage or Capital One Auto Loan
  • Cash withdrawals performed by a teller at a Capital One location

All other withdrawals (including payments to a Capital One Credit Card) counts towards the monthly limit.

Is there a limit to the number of accounts I can have with Capital One 360?

Yes. There is a limit to how many accounts each Customer can have (don’t worry, we doubt you’ll even get close to it) with Capital One 360. You could be either a primary or joint account holder on a specific account and it would still count as one account. Here’s how it breaks down:

  • 360 Savings, 360 Money Market and Business Savings Accounts: 25 combined accounts
  • CDs and Business CDs: 50 accounts max
  • 360 Checking: 3 account

Please note: IRA Savings and IRA CD accounts are not included in the total number of 360 Savings and/or CDs you can have.

How do I view specific types of transactions in my account?

If you’re looking to view specific type of transactions in your account, here’s how:

  1. Sign in to
  2. Click on the account you want to view
  3. Go to the ‘History’ section
  4. Use the drop down boxes to filter your transaction results and click on the ‘Search’ button

What is backup withholding?

Backup withholding is when someone makes certain payments to you and you must withhold and pay 28% of those payments to the IRS. Payments that may be subject to backup withholding include, but are not limited to, interest, dividends and broker and barter exchange transactions.

If you provide your correct Social Security Number, make proper certifications and report all your taxable interest and dividends on your tax return, payments you receive should not be subject to backup withholding.

How do I update my backup withholding status?

Updating your backup withholding status is easy. Just follow these steps:

  1. Visit Opens a new window or call the IRS at 1-800-829-1040 to obtain a W-9 Form
  2. Fill out and send in the W-9 Form to advise us of your updated withholding status
    • Fax: 1-877-464-4963, ATTN: Operations Research
    • Mail: Capital One 360, ATTN: Operations Research, P.O. Box 60, St. Cloud, MN 56302.

Your backup withholding status will be updated the day we receive the W-9 Form and funds will/won't be withheld beginning that month.

Please Note:

  • If your account(s) is jointly held and the joint holder needs to update their withholding status, they also need to follow the steps listed above.
  • To update backup withholding for a minor, a parent or guardian may sign their own name on the W-9 Form in place of the minor.
  • To update backup withholding for a Business Account, an Authorized Signer can complete and return the W-9 Form.

How do I request a Verification of Deposit (VOD)?

Requesting a Verification of Deposit (or VOD) is easy. Here’s how:

  1. Sign in to
  2. Click on one of your accounts
  3. Go to the 'Documents' tab
  4. Under the "Verification of Deposit" section, click the 'Verification of Deposit' link to generate and print a form

You can select which accounts you want included. Keep in mind, your account must be open for at least 30 days to be included.

Can I use a Capital One Bank location to service my Capital One 360 account(s)?

Yes, Capital One associates can help with limited servicing needs such as disputing a transaction, changing contact information, printing tax statements, and some debit card related servicing as well. If we can't help you out at one of our locations, we'll be happy to get you connected to our Capital One 360 associates to assist you.

What is FATCA reporting?

FATCA (Foreign Account Tax Compliance Act) reporting applies to accounts held with foreign financial institutions. Since Capital One 360 is a U.S. institution, our US Customers are not subject to FATCA reporting. However, the IRS still requires you to certify that you are not subject to this reporting.

Can I transfer money between my Capital One 360 and Capital One accounts?

You can transfer money between Capital One 360 and Capital One by linking accounts, just as you do with other accounts. Transactions usually take 2 business days to be completed. Learn more Opens a new window about moving your money.

Investment and Insurance Products Are:

Not FDIC InsuredNot Bank GuaranteedMay Lose Value
Not a DepositNot Insured By Any Federal Government Agency

Banking and lending products and services are offered by Capital One, N.A. NMLS ID 453156, and
Capital One Bank (USA), N.A., Members FDICOpens a new window Equal Housing Lender

Investment products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRAOpens a new window/SIPC Opens a new window .
Investment advisory services are provided by Capital One Advisors, LLC, an SEC-registered investment advisor.
Insurance products are offered through Capital One Agency, LLC.

All are subsidiaries of Capital One Financial Corporation.

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