Capital One 360 VS E*TRADE

Which bank is better for you?

  • Financial Rates: 3.5 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
3.80%APY
Savings/MMA
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Free checking account for teens
  • No fees for any accounts
  • Interest earning account for kids
  • High-interest rate on money market

Cons:

  • Large amount required for highest rates
  • Must link savings to checking account
  • Teen accounts do not offer checks
  • No ATM fee refunds
  • Financial Rates: 1.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 3.0 Star Icon
  • Bank Fees: 4.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • No minimum opening deposits
  • Interest rates not tiered
  • ATM fee reimbursement
  • Can open accounts online

Cons:

  • Max-Rate checking account has a fee
  • Limited personal accounts offered
  • Low interest rates on accounts
  • Business accounts limited
Capital One 360 Review

The checking account for teens does not have any fees. The parent can receive text alerts when their account balance is running low. This checking account earns interest. No minimum amount required to open the account or to keep in the account.

There are no fees for any Capital One 360 accounts. There is no minimum required amount to open any of their accounts, or required to stay in the accounts. Capital One 360 accounts are free.

The Capital One 360 savings account for kids pays interest on any amount in the account. There are no fees and no amount required to keep in the account. You will earn the same interest on whatever the balance is. Kids can upload checks through their mobile app. Adults must sign in and use a pin to make transfers out of the savings account.

Capital One 360 offers high-interest rates for their money market accounts. The money market account does not have any fees, and there is no required amount to keep in the account.

To earn the high-interest rates for the money market account, you must have $10,000 deposited. You will earn lower interest rates for any amount under $10,000 in the money market account. To earn the highest interest the $10,000 is necessary.

Capital One 360 savings accounts must link to a checking account when opened. You can link the account to a Capital One 360 checking account or a checking account with another bank. However, the savings account must link to a checking account.

The Capital One 360 checking account comes with a debit card and the possibility of checks. The teen MONEY checking account only comes with a debit card. The teen account does not offer checks.

Capital One 360 does not offer refunds for fees charged at ATMs other than their own. If you use a non-Capital One ATM, you will be charged a fee. Capital One has over 39,000 ATMs across the U.S. Find a Capital One ATM on their website.

Read the full Capital One 360 review.

E*TRADE Review

E*TRADE accounts do not have set amounts required to open accounts. You can open the Premium savings, Max-Rate checking, and E*TRADE checking with any amount. To avoid a monthly fee may require a set balance, but not to open the account.

The interest rates for E*TRADE Bank accounts are not tiered. Any balance earns the most competitive interest rate. The highest rates are not competitive with other online-only accounts. But any balance earns the best rate.

E*TRADE Bank accounts offer unlimited ATM fee reimbursement. There are no ATM fees for money withdrawn from ATMs across the nation. To get a refund, you must meet certain qualifications. If you qualify for the refund, the money should be in your account by the end of the day of the ATM transaction. Not all accounts offer ATM fee refunds.

You can open E*TRADE accounts online. They are available for anyone to open across the United States. You can transfer money from external bank accounts into your E*TRADE account.

The E*TRADE Max-Rate checking account has a monthly fee. The fee is $15 a month. Waive the fee by keeping a set account balance in one account or an average in multiple accounts. Having a direct deposit over $200 waives the fee. Making a set amount of trades can also help waive the fees.

The types of personal accounts offered through E*TRADE Bank are limited to new customers. Those accounts include a savings account and two checking accounts. More accounts may be available once you become a customer.

The E*TRADE Bank accounts earn interest, but the rates are low. The interest rates are not competitive with other online accounts. Any account balance earns the most competitive rate. Even the highest rates are not competitive with other online accounts.

E*TRADE offers limited accounts for small businesses. They do not offer traditional accounts for small or commercial businesses. The accounts offered to small businesses include retirement accounts.

Read the full E*TRADE review.

Sponsored Offers
From Our Partners

Advertiser Disclosure
Sponsored Offers
American Express
Savings (Rate as of 12/21/2024)
APY 3.80%
Rate 3.73%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Openbank
Savings (Rate as of 12/21/2024)
APY 4.75%
Rate 4.65%
Min to Open $500
Min to Earn APY $500
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Capital One
Savings (Rate as of 12/21/2024)
APY 3.80%
Rate 3.80%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.

Promoted offer: It only takes about 5 minutes to open a fee-free account.
Next >
EverBank
Savings (Rate as of 12/21/2024)
APY 4.40%
Rate 4.30%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.

Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
Next >
Western Alliance Bank
Savings (Rate as of 12/21/2024)
APY 4.46%
Rate 4.46%
Min to Open $500
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Barclays
Savings (Rate as of 12/21/2024)
APY 4.35%
Rate 4.35%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.

Promoted offer: $200 Bonus w/ Tiered Savings Account and Qualifying Activities
Next >
CIT Bank
Savings (Rate as of 12/21/2024)
APY 4.35%
Rate 4.35%
Min to Open $100
Min to Earn APY $5,000
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.

Promoted offer: CIT Bank, a division of First Citizens, 125+ years of experience.
Next >
BMO Alto
Savings (Rate as of 12/21/2024)
APY 4.30%
Rate 4.21%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Sallie Mae
MMA (Rate as of 12/21/2024)
APY 4.10%
Rate 4.02%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook Yes
Member FDIC.
Next >
Synchrony Bank
Savings (Rate as of 12/21/2024)
APY 4.10%
Rate 4.10%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Poppy Bank
Savings (Rate as of 12/21/2024)
APY 4.75%
Rate 4.64%
Min to Open $1,000
Min to Earn APY $1,000
Monthly Fee $5.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >
Betterment
Savings (Rate as of 12/21/2024)
APY 4.75%
Rate 4.75%
Min to Open $10
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
FDIC insured at program banks†.

Promoted offer: var. APY a/o 11/8/24. New customers only. Betterment LLC, not a bank
Next >
Sallie Mae
Savings (Rate as of 12/21/2024)
APY 4.10%
Rate 4.02%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC.
Next >