Compare Checking & Savings Accounts

It's simple. You can open a bank account online with Capital One. Just grab two forms of ID (such as a driver's license, Social Security card, passport or birth certificate) and proof of address, then apply online right from your phone, tablet or computer.

It depends. Most people choose a Capital One bank account based on their lifestyle and goals. A checking account works well for day-to-day spending and monthly budgets, a savings account can help you put away money for future needs, while certificates of deposit (CDs) can help you save money with a fixed interest rate for a fixed amount of time. We also offer a teen checking account featuring a fee-free debit card and easy-to-use mobile app, as well as a kids-friendly savings account that helps earn interest while growing their money.

Typically, certificates of deposit (CDs) and savings accounts are where you earn interest on your money. Some banks have checking accounts that earn interest—most don't. However, you can earn interest with every online Capital One bank account—checking, savings and CDs.

Nearly all banks carry FDIC insurance to protect the bank accounts of their customers. In the event of bank failure, this insurance covers what are known as depository accounts—such as checking, savings and certificates of deposits (CDs)—up to the allowable limits. For more information, visit fdic.gov.