The interest rates for Capital One 360 CDs are competitive. Each of the terms offers competitive rates. The rates are competitive with other online CDs. The interest rates are not tiered. There is no required balance to earn competitive rates.

The Capital One 360 CDs do not have a set amount required to open the account. You choose how much you want to invest in the Capital One 360 CDs. The CDs cannot exceed $1,000,000.

Capital One 360 CDs offer a Rate Lock Guarantee. You fund your CD by linking it to an external account, which can be another Capital One account. Capital One 360 gives you 10 days to confirm ownership of the linked account. Because this takes a few days, your CD interest rate will be the highest one offered during those days.

Capital One 360 offers a good variety of CD terms. The CDs range from six months to five-year terms. They offer a total of nine CD terms. Each of the terms is FDIC insured.

The only deposit you can make into your CD is when you initially open the account. You cannot add money to the CD during the term life.

During the CD term, you cannot withdraw partial amounts of the principal. These types of withdrawals are only allowed during the grace period. If you make a withdrawal before the maturity date, you will be charged a fee.

To fund your Capital One 360 CD, you must link the CD to an external bank account. Once you have the CD linked to an external account, you can transfer money into the CD. The linked account can be another Capital One account.

Once your CD matures, you cannot add money to the current CD. If you have more money to add, your current CD will be closed and Capital One 360 will help you open a new CD. That CD will include the money from the previous CD and the money you want to add.

Read the full Capital One 360 review.

Luana Savings Bank offers a good variety of CD terms. The terms range from three-months to five-years. They offer a variety of CD types as well. Along with regular CDs, they offer CDs with rate increases. They also offer a CD specifically for children under 18.

The interest rates for Luana Savings Bank CDs are competitive. Their rates are slightly lower than other online CDs, but still competitive. Luana CD interest rates are higher than typical bank interest rates. Even the shorter-term CDs offer competitive interest rates.

Luana Savings Bank offers a Step Up and Add CD. This CD is available in a 26-month term. The opening required amount is $5,000. Any amount above $5,000 earns the most competitive rate. This is also true for the special nine-month CD. Amounts above $5,000 earns the competitive rate.

Most of the Luana Savings Bank CDs have low opening required amounts. A good portion of the CD terms only require $1,000 to open. The CD for children only requires $500. You must keep the opening required balance in the account to earn interest.

The CDs offered through Luana Savings Bank have tiered interest rates. To earn the most competitive rate, you must have a high account balance. Most of the CD terms require a balance of $100,000 to earn the most competitive interest rate. Lower balances still earn good rates, just not the most competitive.

Luana Savings Bank CDs do not offer an interest rate guarantee. The interest rate on the day you open the account is the rate your CD earns for the life of the term. If interest rates increase shortly after you open your account, your rate will not increase.

The required amounts to open Luana CDs vary depending on the CD term. The regular CD accounts typically require $1,000 to open. A few special CDs require $5,000 to open. The CD for kids requires $500 to open. These amounts are required to open the CD. To earn the best rate requires a much higher balance.

You can apply for Luana Savings Bank CDs online, but the process takes some time. To apply for a CD, you fill out the necessary information. The paperwork is then submitted to a Luana employee. They will contact you within one business day to discuss your application.

Read the full Luana Savings Bank review.