As of 2015, Capital One has a 98 percent smart rating based on its account interest rates, size and fees.This rating is above the average of 93 percent set for national banks, as Credio reports.
One way of benefiting from Capital One’s good interest rates is by making a certificate of deposit. Depositing money in a CD plan means that investors commit to a fixed interest rate for a specified period. The investor is not able to access the funds once he has signed it to a CD. Under Capital One's CD option, deposited money is likely to earn more interest than it could make on money market deposit accounts or savings accounts. The deposited money has to remain in the CD until it matures so that investors gain the full benefits of the program, as stated by Capital One.
The Capital One’s CD terms range from three months to five years. The one-year option, however, has a below average yield rate of 0.15 percent compared with the national average, which is 0.35 percent, as Credio states. Therefore, to make greater returns, investors have to consider the long-term CD options. Capital One’s CD curve typically rises, indicating that the annual percentage yield is larger for long-term CDs than for the short-term CDs.