When it comes to the largest banks in the U.S. by total assets, Chase and Capital One are at the top of the list. Chase holds the number one spot, while Capital One comes in at number nine. Both banks offer a range of deposit products, including certificates of deposit (CDs), checking accounts, and savings accounts. However, neither bank offers a money market account.
While Chase has a larger number of branches compared to Capital One, Capital One stands out with its high-yield deposit accounts that come with no monthly fees. In this comparison of Chase and Capital One, we will explore their offerings across different account types.
Chase vs. Capital One: Overview
Chase | Capital One | |
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Overall Bankrate score | 3.5 | 4.7 |
Overview | Chase has a widespread banking presence across nearly every state, offering convenient services through its app and website. However, for those seeking the highest savings rates, other options may be more competitive. | Capital One is a solid choice for individuals looking to earn competitive rates and avoid monthly fees. It provides access to a large no-fee ATM network and has branch locations in select states. |
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Chase vs. Capital One: Savings accounts
When it comes to savings accounts offering high annual percentage yields (APY) and no monthly fees, Capital One’s 360 Performance Savings surpasses Chase’s savings accounts.
Chase Savings | Capital One 360 Performance Savings | |
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Bankrate score | 2.9 | 4.4 |
APY | 0.01% | 4.25% |
Monthly fees | $5 or $0 when requirements are met | $0 |
Minimum deposit to open | $0 | $0 |
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Note: APYs as of June 24, subject to regional variations for some products.
Chase vs. Capital One: CDs
Both Chase and Capital One offer a variety of CDs with different terms and yields. While Chase offers a wider range of terms, Capital One stands out for not requiring a minimum deposit, making its CDs more accessible. Additionally, Capital One offers top rates regardless of the deposit amount, unlike Chase, which requires a significant deposit for top yields.
Chase CDs | Capital One 360 CDs | |
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Bankrate score | 2.8 | 4.9 |
Term lengths | One month to 10 years | Six months to five years |
Minimum deposit to open | $1,000 | $0 |
APY for one year | 2.00% | 5.00% |
APY for three years | 2.00% | 4.00% |
APY for five years | 2.50% | 3.90% |
IRA CDs | Not available | Not available |
Specialty CDs | Not available | Not available |
Featured CDs | Available: 3.00% – 4.75% APY* | Not available |
*To earn the highest APY for some terms, you must have a linked eligible Chase checking account and $100,000 in deposits.
Note: APYs as of June 24, subject to regional variations for some products.
Chase vs. Capital One: Checking accounts
Chase offers a range of checking accounts catering to diverse consumer needs, with Chase Total Checking being a popular choice. On the other hand, Capital One offers a single checking account, the Capital One 360 Checking, which may appeal to many customers due to its fee-free structure and decent yield.
Chase Total Checking | Capital One 360 Checking | |
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Bankrate score | 3.8 | 5.0 |
Monthly fees | $12 or $0 when requirements are met | $0 |
Minimum deposit to open | $0 | $0 |
APY | None | 0.10% |
Overdraft fee | $34 | None |
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Chase vs. Capital One: Banking experience
Chase, as the largest bank in the U.S., boasts branches in almost every state, providing easy access to banking services. In contrast, Capital One has a more limited presence, available in only nine states. Despite this, Capital One compensates for its branch shortage with a vast ATM network. Both banks offer highly rated mobile apps for convenient money management.
Chase | Capital One | |
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Branches | Approximately 4,700 | Approximately 300 |
Customer service | Available via phone, mail, and in-person. Phone service hours not prominently displayed on Chase’s website. | Available via phone, email, and mail. Phone customer service hours daily from 8 a.m. to 8 p.m. ET. |
ATM network | Approximately 16,000 ATMs | Approximately 70,000 ATMs |
Mobile app rating | iOS: 4.8
Android: 4.4 |
iOS: 4.8
Android: 4.5 |
Philanthropy | JPMorgan Chase Foundation | Capital One Foundation, part of the Change Capital Fund. |
— Contribution by Karen Bennett to this article update.