Banking » Compare Banks » Comparing CD Rates: Capital One and Chase Head-to-Head
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Comparing CD Rates: Capital One and Chase Head-to-Head

Overall, Capital One CD rates are higher than Chase. Compare CD rates, minimum deposit, early withdrawal fees, and alternatives.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Table Of Content

Two banks that offer competitive CD rates are Capital One and Chase.

In this article, we will explore and compare the CD rates offered by these banks, as well as delve into how CDs work and the different terms and conditions that come with them. We'll also examine the consequences of early withdrawal, including potential fees and penalties.

Here's a general CD comparison:

Capital One CDs
Chase Bank CDs
CD Range
4.00% – 5.10%
3.00% – 4.75%
Minimum Deposit
$0
$1000
Early Withdrawal penalty
3-6 months of interest
90 – 365 days of interest
Term
6 – 60 months
1 to 120 months

Compare CD Rates: Capital One vs. Chase Bank

The table compares the CD rates offered by Capital One Bank and Chase Bank for specific terms.

Based on the comparison, Capital One generally offers higher CD rates than Chase for almost all CD terms. Unless you need a 3-month CD offered by Chase and unavailable through Capital One, the latter wins on any other term.

CD Term
Capital One APY
Chase Bank APY
3 Months
N/A
2.00%
6 Months
4.35%
3.00%
9 Months
4.35%
4.00% – 4.75%
12 Months
4.90%
2.00%
18 Months
4.50%
2.50%
24 Months
4.20%
2.50%
30 Months
4.10%
2.50%
36 Months
4.10%
2.50%
48 Months
4.05%
2.50%
60 Months
4.00%
2.50%
120 Months
N/A
2.50%

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Which Is Better If You Need An Early Withdrawal?

An early withdrawal penalty is a fee imposed by financial institutions when an account holder withdraws funds from a certificate of deposit (CD) account before the maturity date.

If you're looking for a short term CD and you may need the money before the maturity date, you may want to do it with Capital One. The table below illustrates that Capital One is the better choice for CD early withdrawals, as the penalty required to be paid are lower than those of Chase.

CD Term
Capital One
Chase Bank
3 Months
N/A
90 days of interest
6 Months
3 months of interest
180 days of interest
9 Months
3 months of interest
180 days of interest
12 Months
3 months of interest
180 days of interest
18 Months
6 months of interest
180 days of interest
24 Months
6 months of interest
365 days of interest
30 Months
6 months of interest
365 days of interest
36 Months
6 months interest
365 days of interest
48 Months
6 of months interest
365 days of interest
60 Months
6 months of interest
365 days of interest
120 Months
N/A
365 days of interest
Open CD Capital One
Open CD with Capital One (Screenshot taken by our team from Capital One Bank)

CD Alternatives: What Do Capital One And Chase Offer?

Chase Premier Savings
Capital One 360 Savings
Savings Rate
0.01%
4.35%
Minimum Deposit
$25
$0
Fees
$25 per month Can be waived if you carry $300 account balance at the start of the month, $25+ autosave or linking a Chase checking account
$0
Promotion
None
None

If an individual needs access to their funds in the near future or wants more flexibility in managing their savings, a savings account may be a better option. On the other hand, if someone is willing to commit to a specific term and wants to earn a higher interest rate, a CD may be a better choice.

Unfortunately, The Chase savings account doesn't offer a good alternative to its CDs due to the very low APY it offers.  On the other hand, the The Capital One 360 Performance Savings account offers a highly competitive APY, with no minimum balance requirements or monthly maintenance fees. Although Capital One is an online bank, it has a small number of branches and Cafes for those who prefer in-person banking. 

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Compare Chase CDs

Chase and Wells Fargo offer competitive CD rates only on specific terms. Compare rates, minimum deposits, and early withdrawal penalties.

Wells Fargo vs Chase: Which Offers Better CD Rates?

Compare Capital One Certificate Of Deposit (CDs)

Citi has better CD rates than Capital One for specific terms, but Capital One rates are higher on other terms. Here's a full comparison: Capital One CDs and Citibank CDs

Discover and Capital One offer high CD rates on all terms. However, for each term there is a different winner – here's a full comparison: Capital One CDs vs. Discover CDs

Marcus offers higher CD rates than Capital One on most terms but not all of them. Compare CD rates, min deposit, and early withdrawal fees.

Compare CD Rates: Capital One vs. Marcus

Compare CD Rates

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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