Bank of America vs Capital One

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Capital One? Read our comparison chart below.

Bank of America is one of the largest banks in the U.S. with approximately 3,700 locations and 15,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

While Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

Compare Bank of America with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Bank of America	Capital One
	Member FDIC
	Learn More	Learn More
	OFFER Bank of America Advantage Banking - Up to $500 Cash Offer Read Bank of America Review	SPECIAL OFFER Personal Savings Account - $1,500 Bonus - Learn More Read Capital One Review
	Benefits and Features
Savings	Bank of America Advantage Savings Standard Rate: 0.01% APY	3.50% APY
CD	7-Month CD - Up to 4.25% APY 10-Month CD - Up to 3.75% APY 13-Month CD - 2.75% APY 25-Month CD - 2.00% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY	3.50% to 4.20% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.00%
Checking		0.10% APY
Mobile App	iOS & Android	iOS & Android
ATMs	Approximately 15,000+ ATMs	over 70,000 no-fee Capital One, MoneyPass, and Allpoint ATMs
Customer Service	Monday -Friday: 8AM - 9PM ET Saturday: 9AM - 6PM ET Sunday: 8AM - 5PM ET	Phone: 800-655-2265 Monday - Sunday: 8AM - 11PM (ET)
IRA CD
Locations	3,700 financial centers	263 branches
	CreditDonkey® Reviews

Savings
CD
Checking
Mobile App
Customer Service
Pros & Cons	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees	Pros: Overdraft protection options No account minimums Over 50 cafes for in-person support Cons: Other banks have higher APY
Bottom Line	National bank with widespread accessibility and wide range of services... Read full review	Good online bank with access to in-person support... Read full review
	Learn More	Learn More
		Personal Savings Account - $1,500 Bonus Personal Savings Account - $750 Bonus Personal Checking Account - $300 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 08/12/2025 based on 91107 zip code. Capital One: Pricing information from published website as of 08/21/2025.

Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

Learn More

Expires 1/31/2026

The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new checking customers only.
Offer expires 1/31/2026.
To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.

Cash Bonus Total Qualifying Direct Deposits

$100 $2,000

$300 $5,000

$500 $10,000+
If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
Additional terms and conditions apply. See offer page for more details.
*A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
Bank of America, N.A. Member FDIC.

Cash Bonus	Total Qualifying Direct Deposits
$100	$2,000
$300	$5,000
$500	$10,000+

Member FDIC

Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer

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Expires 12/31/2025

The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new eligible business checking customers only.
Offer expires 12/31/2025.
To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
Additional terms and conditions apply. See offer page for more details.
*New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
Bank of America, N.A. Member FDIC

Member FDIC

Business Advantage Relationship Banking

No fee for first 500 transactions per statement cycle
No fee for first $20,000 in cash deposited per statement cycle
Multiple ways to avoid the $29.95 monthly fee

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Which is Better: Bank of America or Capital One?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or Chase.

In short: Capital One's savings and checking are worth mentioning. In particular, the checking is outstanding.