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.

Union Bank offers a variety of CD terms. The terms range from 91-days to 60-months. They provide standard CDs as well as agricultural CDs. These are for the farmers of Michigan who have their business accounts with Union Bank.

The Union Bank CDs offer interest rates that are competitive with other online CDs. They offer a special 15-month and a 36-month terms. These terms earn more competitive interest rates. These two CDs are promotional. The other CDs are not promotional and earn competitive rates.

The initial required amount to open standard Union Bank CDs is low. Each of the CD terms only requires $500 to open. The interest rates are not tiered. Any balance over $500 earns competitive interest rates.

You can choose how to receive the interest you earn off Union Bank CDs. You can have the interest added to the CD balance. You can have the money mailed to you in the form of a check. You can also have the interest deposited into another checking or savings account.

Union Bank CDs cannot be opened entirely online. You fill out the initial application online. Once the bank reviews your information, they will contact you. You then set up a time to go into a branch location to finish the account opening process. When you visit the branch, you will pay the initial opening amount.

Union Bank CDs do not offer an interest rate guarantee. If the rates increase shortly after you open a CD, you will not receive the higher rates. Union Bank CD rates are competitive with other online CDs.

The only deposit you can make into Union Bank CDs is the initial deposit when you open the CD. After that, you must wait until the CD reaches maturity to add money to the account. The CD will automatically renew unless you contact customer service to make changes.

The only personal CDs Union Bank offers are standard CD terms. They do not offer IRA, educational, no-penalty, or add on CDs. The standard CD terms range from 91-days to 60-months.

Read the full Union Bank review.