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.

Each Popular Direct CD offers competitive interest rates. The rates are competitive with other online accounts. The terms are shorter than 12-months offer competitive interest rates as well. Popular Direct interest rates are much higher than typical bank interest rates.

There are a good variety of CD terms offered through Popular Direct. The terms range in length from three-months to five-years. There are eight CD term lengths in all. You can open any of these CD terms online.

If you have a question and need to contact customer service, they are available anytime. Customers can reach a customer service representative every day, all day. Their customer service phone line is open 24 hours a day, seven days a week. You can also contact customer service through email or mail.

The process of opening Popular Direct CD terms is entirely online. It takes around ten minutes to complete the application for a new CD account. Once you successfully open an account, everything for your account is online. Access your accounts from anywhere, anytime.

Popular Direct CDs have a high set amount required to open their CDs. The requirement is $10,000 to open each CD term. If you do not have at least the $10,000 balance, you cannot open a Popular Direct CD.

The fee for withdrawing money from Popular Direct CDs before the maturity date is high. For terms less than 91 days, the fee is 89 days of interest. For terms greater than 91 days, but shorter than 12-months, the fee is 120 days of interest. The fee for terms longer than 12-months, but shorter than 36-months, is 270 days of interest. For terms from 36-months to 60-months, the fee is 365 days of interest. Terms 60-months or longer has a fee of 730 days of interest.

Some CDs allow you to withdraw interest earned on CDs without paying an early withdrawal fee. Popular Direct does not. They do not allow for withdrawals of the CD principal or the interest earned without paying a fee. You can only make withdrawals without a fee during the grace period.

There is only one way to fund your Popular Direct CDs. Customers must link each CD to an external bank account. When you open a CD, you must make the deposit from a linked external account. This is part of the account opening process. Once the accounts are linked, you can make electronic transfers into your CD. To avoid a fee, only transfer money when you first open the account and during the grace period.

Read the full Popular Direct review.