Interest

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.

How is my 360 Checking interest amount calculated?

Your interest is calculated daily by multiplying your interest rate by the balance in your account at the end of the day, and dividing by 365. (Divide by 366 when it’s a leap year.) Keep in mind, most deposits begin earning interest 2 business days after they’re initiated (so don’t include a new deposit in your calculations). Direct Deposits, like your paycheck or Social Security, begin earning interest immediately.

Your "Interest Earned This Month" is a total of the daily interest that has accrued to your 360 Checking since the beginning of the month. Your interest accrues daily, is compounded monthly, and is credited to your account at the end of the month.

When do deposits start accruing interest and how long are they on hold in my savings account?

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

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Money Market, Confidence Savings and Kids Savings Accounts are subject to a 4 business day hold before they can be withdrawn.

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. Cash deposited via one of our deposit taking ATMs and transfers between Capital One 360 and Capital One Bank accounts are also available immediately. For these types of deposits, interest will begin accruing right away.

Deposits into 360 Checking are slightly different. Learn More.

Transfers, Interest, and Hold Times

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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. All rights reserved.