Capital One 360 savings accounts are FDIC insured up to $250,000 per depositor, per bank, per account ownership category

Capital One, N.A. is an FDIC member bank, which means your deposits in a Capital One 360 savings account receive federal insurance protection. The standard coverage limit is $250,000 per person, per bank, per account type. If you have $250,000 or less in your Capital One 360 savings account and you are the sole owner, your entire balance is protected if the bank fails.

The FDIC (Federal Deposit Insurance Corporation) is a government agency that insures deposits at member banks. This insurance is automatic — you do not need to sign up for it or pay a fee. It covers the account balance as it existed on the date the bank is closed by regulators.

Capital One 360 is the online banking division of Capital One, N.A., and it operates under the same FDIC charter as the brick-and-mortar branches. Online-only status does not change your coverage.

Key Takeaways

  • Capital One 360 savings accounts are covered by FDIC insurance up to $250,000 per individual account owner.
  • Coverage is automatic and costs you nothing; you do not need to register or take any action to be insured.
  • If you have multiple account types at Capital One (savings, checking, money market), each type is insured separately up to $250,000.
  • Joint accounts, retirement accounts, and trust accounts have their own separate $250,000 limits, so you can hold more than $250,000 total across different ownership categories.
  • FDIC insurance protects against bank failure only, not against fraud, theft, or your own mistakes.

How the $250,000 limit works across account types

The FDIC insures each account ownership category separately. This means if you hold a Capital One 360 savings account in your name alone and also hold a Capital One 360 checking account in your name alone, both accounts share the same $250,000 limit — they are not separate. Your combined balance across both accounts cannot exceed $250,000 to be fully covered.

However, if you own a joint savings account with your spouse at Capital One 360, that joint account has its own $250,000 limit, separate from your individual accounts. So you could hold $250,000 in an individual savings account and another $250,000 in a joint savings account, and both would be fully insured.

Retirement accounts (IRAs, SEP-IRAs, and similar) held at Capital One 360 also have their own $250,000 limit. Trust accounts and accounts held in the name of a minor also count as separate categories. If you hold multiple account types or ownership structures, contact Capital One directly to confirm your total coverage, because the rules vary by account structure.

What FDIC insurance does and does not cover

FDIC insurance protects your money only if Capital One, N.A. fails and is closed by the FDIC. It covers the balance in your account on the day the bank is closed. It does not cover losses from fraud, unauthorized transfers, or your own mistakes — such as sending money to the wrong person or falling for a scam.

If someone fraudulently accesses your Capital One 360 account and transfers your money out, FDIC insurance will not restore it. You would need to report the fraud to Capital One and work through their dispute process. FDIC insurance also does not cover investment products, such as stocks or bonds, even if they are held through a Capital One brokerage account.

Money market accounts at Capital One 360 are covered by FDIC insurance under the same $250,000 limit as savings accounts, because they are deposit accounts. Certificates of Deposit (CDs) are also FDIC insured at Capital One 360, but each CD is counted separately if it has a different maturity date — a detail worth confirming with Capital One if you hold multiple CDs.

What happens if Capital One fails

If the FDIC closes Capital One, N.A., the FDIC will transfer your insured deposits (up to $250,000) to another bank or pay you directly. This process typically takes a few business days. You will be notified by mail, and your money will be accessible through the new bank or through an FDIC check.

The FDIC has never failed to pay insured deposits in full since it was created in 1933. Bank failures are rare, and when they occur, depositors with balances under the insurance limit lose no money. If your balance exceeds $250,000, the amount over the limit is not insured and may be lost if the bank fails.

How to confirm your coverage at Capital One 360

You can verify your FDIC coverage using the FDIC's online tool, the FDIC Electronic Deposit Insurance Estimator (EDIE), available at fdic.gov. Enter your Capital One 360 account details, and EDIE will calculate your exact coverage based on account ownership and type.

You can also contact Capital One 360 directly by phone or through your online account to ask about your coverage. Capital One's customer service team can confirm whether your specific account structure and balance are fully insured. If you hold accounts in multiple ownership categories (individual, joint, retirement), ask them to walk through each one.

The FDIC also publishes a guide called "Your Insured Deposits" that explains coverage in detail. You can download it from fdic.gov or request a copy from Capital One.

Joint accounts and coverage limits

If you hold a joint savings account at Capital One 360 with another person, the account is insured up to $250,000 for the account as a whole, not per person. If the joint account holds $250,000, it is fully covered. If it holds $300,000, the extra $50,000 is not insured.

Each joint account owner's share is not separately insured. The FDIC insures the account itself, not the individual contributions. If you and your spouse each contributed equally to a $300,000 joint account, you do not each get $250,000 of coverage — the entire account is covered only up to $250,000 total.

If you want to protect more than $250,000 in joint funds, you would need to hold separate joint accounts at different banks, because FDIC coverage is per bank, not per account. A joint account at Capital One 360 and a joint account at another FDIC member bank would each have their own $250,000 limit.

Retirement accounts and trust accounts at Capital One 360

If you hold an IRA (Traditional, Roth, or SEP) at Capital One 360, that account is insured separately from your individual accounts, up to $250,000. A Roth IRA and a Traditional IRA held at the same bank are counted together toward the $250,000 limit for retirement accounts.

Trust accounts (accounts held in the name of a trust) have their own $250,000 coverage limit. If you are a trustee holding money for beneficiaries, the account is insured as a trust account, separate from your personal accounts. The coverage does not extend to each beneficiary individually — it covers the trust account as a whole.

If you hold a revocable living trust account at Capital One 360, the FDIC covers it up to $250,000 per beneficiary named in the trust, up to a total of $250,000. This is a more complex calculation, and you should confirm your coverage with Capital One or use the FDIC's EDIE tool if you hold a trust account.

Frequently Asked Questions

If I have $300,000 in my Capital One 360 savings account, how much is insured?

Only $250,000 is insured. The remaining $50,000 is not covered by FDIC insurance. If you want to protect the full $300,000, you would need to move $50,000 to an FDIC member bank account in a different ownership category (such as a joint account or retirement account) or to a different bank entirely.

Does FDIC insurance cover money I lose to fraud or a scam?

No. FDIC insurance protects against bank failure only. If someone fraudulently accesses your account or you send money to a scammer, you must report it to Capital One and work through their fraud dispute process. FDIC insurance will not restore money lost to fraud.

If I have a Capital One 360 savings account and a Capital One 360 checking account, do they share the $250,000 limit?

Yes. Both accounts are in your individual name at the same bank, so they share the same $250,000 FDIC coverage limit. Your combined balance across both accounts cannot exceed $250,000 to be fully insured.

Is a Capital One 360 money market account FDIC insured?

Yes. Money market accounts at Capital One 360 are FDIC insured deposit accounts, covered up to $250,000 per individual account owner, just like savings accounts.

What if Capital One 360 is bought by another bank?

A merger or acquisition does not affect FDIC coverage. Your deposits remain insured up to $250,000. If the acquiring bank is also an FDIC member, your coverage continues. If the acquiring bank is not an FDIC member, the FDIC would pay out your insured balance before the transition.