Capital One 360 Performance Money Market Account

The account description says it has no monthly fee, so routine maintenance should not be charged under the stated terms. Banks can change terms, so read Capital One's current disclosure before opening or moving money.

Yes, it is an interest-bearing money market account with a variable APY rather than a fixed return. The exact APY can change, so use the live Capital One rate instead of an old comparison figure.

Capital One bank deposits are generally FDIC-insured within applicable limits when held at the insured bank. Confirm the current account disclosure and ownership category because FDIC coverage is limited by depositor and bank.

The 360 platform is designed for online and mobile banking, including account management and transfers. It is a bank account rather than a brokerage account, so compare its current withdrawal, transfer, and access rules with alternatives such as Ally's money market.