finance
Bank of America vs Capital One 2026: Full Comparison
Bank of America is a traditional full-service bank with 4,300+ branches and comprehensive banking products, while Capital One is primarily a credit card and online banking specialist with lower fees and higher savings rates but limited branch access. BofA serves customers seeking in-person banking; Capital One appeals to those prioritizing competitive rates and digital-first banking.
Bank of America
Full-service retail and commercial bank with extensive branch network and integrated investment services.
Customers seeking in-person banking, comprehensive financial services integration, and those comfortable paying for convenience and premium support.
Score63%
VS
Capital One
Major US credit card issuer focused on accessibility and rebuilding credit with diverse product offerings.
Tech-savvy customers prioritizing competitive interest rates, zero fees, and those comfortable managing banking entirely through digital channels.
Score63%
Quick Answer
AI SummaryBank of America is a traditional full-service bank with 4,300+ branches and comprehensive banking products, while Capital One is primarily a credit card and online banking specialist with lower fees and higher savings rates but limited branch access. BofA serves customers seeking in-person banking; Capital One appeals to those prioritizing competitive rates and digital-first banking.
Our Verdict
AI-assistedChoose Bank of America if you value comprehensive financial services, extensive branch access for in-person transactions, and integrated wealth management tools. Choose Capital One if you prioritize competitive interest rates, zero monthly fees, and a streamlined digital-first banking experience focused on credit cards and savings accounts.
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Bank of America
5.7/10
Capital One
9.3/10
Choose Bank of America if
Customers seeking in-person banking, comprehensive financial services integration, and those comfortable paying for convenience and premium support.
Choose Capital One if
Best pickTech-savvy customers prioritizing competitive interest rates, zero fees, and those comfortable managing banking entirely through digital channels.
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Key Differences at a Glance
- Physical Branch Network:✓ Bank of America wins(4,300+ branches nationwide vs No physical branches (online-only))
- Savings Account APY (2026):✓ Capital One wins(4.20% - 4.35% vs 0.01% - 0.04%)
- Monthly Maintenance Fees:✓ Capital One wins($0 (all checking/savings accounts) vs $12 (Advantage Checking average))
Key Facts & Figures
100 numeric metrics compared
| Metric | Bank of America | Capital One | Ratio |
|---|---|---|---|
| Total Physical Branches(branches) | 3,800 | — | — |
| New Branches Opening (2026)(locations) | 165+ | — | — |
| Premium Service Centers(centers) | 165+ full financial centers | — | — |
| Digital Engagement Value(billions USD) | $30 billion client interactions | — | — |
| Geographic Market Coverage (2026)(markets) | 63 markets | — | — |
| Checking Account Minimum Balance(USD) | Varies by account type ($500-$10,000) | — | — |
| Total Assets Under Management(trillions USD) | BofA: $3.6T | — | — |
| Physical Branches(count) | 4,300 branches | — | — |
| ATM Network Size(count) | 16,000+ ATMs | — | — |
| Mobile App Users(millions) | 38 million users | — | — |
| Top Credit Card Cashback Rate(percent) | 3.5% preferred categories | — | — |
| Minimum Checking Balance(USD) | $500-$2,500 | — | — |
| Q1 2026 Net Income(billions USD) | $7.3 billion | — | — |
| Wealth Management Assets(trillions USD) | $2.9 trillion | — | — |
| Monthly Checking Account Fee(USD) | $12 | $0 | |
| Overdraft Fee(USD) | $35 per transaction | $0 (with SafePass) | |
| Auto Loan APR (Prime borrower)(%) | 6.49% | — | — |
| CD Rate (12-month)(%) | 4.10% | — | — |
| Total Assets Under Management(billion USD) | $2,950 billion | — | — |
| Stock Trading Commission(USD per trade) | $0 | — | — |
| Mutual Fund Selection(funds) | 5,000+ | — | — |
| Physical Locations(branches) | 4,200+ branches | — | — |
| Mobile App Rating(stars) | 4.3 stars | 4.3/5.0 | |
| Account Minimum Requirement(USD) | $0 for brokerage | — | — |
| Assets Under Management(trillion USD) | $2.9 trillion | — | — |
| Total Assets (USD Trillions)(USD) | $3.45 trillion | — | — |
| Number of U.S. Branches(branches) | 4,250 | — | — |
| Minimum Balance for Interest Checking(USD) | $500 | — | — |
| J.D. Power Customer Satisfaction (2025)(score (out of 1000)) | 724 points | — | — |
| Major Regulatory Enforcement Actions (2020-2025)(actions) | 3 actions | — | — |
| Average APY on Savings (High-Yield Savings)(percent) | 4.35% APY | — | — |
| Monthly Checking Fee(USD) | $12 | $0 | |
| Savings Account APY(%) | 0.01% - 0.04% | 4.70% | |
| Physical Branches(locations) | 4,300+ | 0 | |
| ATM Network Access(ATMs nationwide) | 15,000+ | 30,000+ (surcharge-free network) | |
| Overdraft Fees(USD per occurrence) | $35 | $0 | |
| Mobile App Rating (iOS)(stars (out of 5)) | 4.7/5 | 4.8/5 | |
| Minimum Deposit to Open Account(USD) | $100 | $0 | |
| Total Assets(billions USD) | $3.45 trillion | $507 billion | |
| U.S. Branch Count(branches) | 4,200 branches | — | — |
| ATM Network Size(ATMs) | 16,000 ATMs | — | — |
| Average Monthly Checking Account Fee(USD) | $17.50 average | — | — |
| Customer Satisfaction Score(out of 5) | 68/100 | — | — |
| Mobile Banking App Rating (iOS)(stars out of 5) | 4.1/5 stars | — | — |
| Mortgage Market Share(percentage) | 6.8% | — | — |
| Checking Account Monthly Fee(USD) | $12 (waivable) | $0 | |
| High-Yield Savings APY(%) | 0.01% | 4.60% | |
| Credit Card Approval Rate(%) | ~50% | ~70% | |
| Customer Satisfaction Score (J.D. Power 2025)(points) | 759 | 768 | |
| High-Yield Savings Account APY(%) | 0.01% | — | — |
| Monthly Maintenance Fee(USD) | $12 (waivable) | — | — |
| Overdraft Fee per Occurrence(USD) | $35 | — | — |
| Physical Branch Locations(locations) | 4,300+ | 1,000+ partner locations | |
| Surcharge-Free ATM Network(ATMs) | 64,000+ | — | — |
| Customer Satisfaction Score (JD Power 2024)(points (1,000 max)) | 751 | — | — |
| Auto Loan APR (Average)(%) | 5.89% | — | — |
| Minimum for Premium Checking/Advisory(USD) | $100,000 | — | — |
| Savings Account APY Range(percent) | 0.01%-0.04% | — | — |
| Robo-Advisor Minimum(USD) | $25,000 | — | — |
| Travel Redemption Partners(count) | 10+ airlines and partners | 10+ airlines and partners | |
| Savings Account APY(%) | 2.5% (2026) | 2.5% (2026) | |
| Earning Simplicity(categories) | 1 (uniform) | 1 (uniform) | |
| Premium Card Features(benefit count) | Basic | Basic | |
| Base Cash Back / Points Rate(x multiplier) | 2x flat | 2x flat | |
| Money Market Account APY(%) | 4.05% | 4.05% | |
| Monthly Account Maintenance Fee(USD) | $0 | $0 | |
| Credit Card Products Available(count) | 15+ | 15+ | |
| Customer Service Rating(J.D. Power Score /1000) | 3.2/5 | 3.2/5 | |
| Minimum Credit Score(score) | 620+ | 620+ | |
| Maximum Personal Loan Amount(USD) | $50,000 | $50,000 | |
| Credit Card Options(count) | 20+ cards | 20+ cards | |
| Customer Base(millions) | 20+ million | 20+ million | |
| Minimum Interest Rate(%) | 7.99% | 7.99% | |
| Minimum Credit Score Required(score) | 580 | 580 | |
| Average Origination Fee(%) | 5.5% | 5.5% | |
| Maximum Interest Rate(%) | 35.99% | 35.99% | |
| Number of Financial Products(Count) | 3+ (loans, cards, deposits) | 3+ (loans, cards, deposits) | |
| Annual Fee (Entry Card)(USD) | $0 | $0 | |
| Annual Fee (Premium Card)(USD) | $95 | $95 | |
| Base Cash Back/Points Rate(%) | 1.5% (Quicksilver) | 1.5% (Quicksilver) | |
| Bonus Rewards Category Rate(%) | 5% (rotating categories) | 5% (rotating categories) | |
| Global Merchant Acceptance(%) | 99%+ (Visa/Mastercard network) | 99%+ (Visa/Mastercard network) | |
| Minimum Credit Score (Entry)(score) | 650 | 650 | |
| Foreign Transaction Fees (Premium)(%) | 3% | 3% | |
| Starting APR (Personal Loans)(%) | 8.99% | 8.99% | |
| Maximum APR (Personal Loans)(%) | 29.99% | 29.99% | |
| Loan Funding Time(business days) | 2-3 business days | 2-3 business days | |
| Maximum Loan Amount(USD) | Varies by product (up to $100k+ for auto loans) | Varies by product (up to $100k+ for auto loans) | |
| Customer Base Size(millions) | 195 million customers | 195 million customers | |
| Savings Account APY (2026)(%) | 4.20% - 4.35% | 4.20% - 4.35% | |
| Credit Card Rewards (Best)(% cash back) | 5% rotating | 5% rotating | |
| Total Assets (2026)(USD billions) | $475+ | $475+ | |
| Lowest Annual Fee Card(USD) | $0 | $0 | |
| Premium Card Annual Fee (Flagship)(USD) | $495 (Venture X equivalent) | $495 (Venture X equivalent) | |
| Average Rewards Rate on Flat Cash Card(percent) | 1.5% | 1.5% | |
| Top-Tier Card Rewards Rate (Select Category)(percent) | 5% (rotating) | 5% (rotating) | |
| Minimum Credit Score for Prime Cards(score) | 670+ | 670+ | |
| Total Credit Card Products(count) | 65+ | 65+ | |
| Customer Satisfaction Score (J.D. Power 2024)(points) | 82/100 | 82/100 | |
| US Merchant Acceptance Rate(percent) | 95% | 95% |
Sourced from publicly available data ·
Key Differences
7 attributes compared head-to-head
Capital One leads1 tie
Bank of America
Attribute
Capital One
- 4,300+ branches nationwide(winner)Physical Branch NetworkNo physical branches (online-only)
- 0.01% - 0.04%Savings Account APY (2026)4.20% - 4.35%(winner)
- $12 (Advantage Checking average)Monthly Maintenance Fees$0 (all checking/savings accounts)(winner)
- Full-service banking (checking, savings, loans, wealth management, investment banking)(winner)Primary Business FocusCredit cards, savings accounts, and auto loans
- 2% flat-rate (BankAmericard)Credit Card Rewards (Best Offer)5% rotating categories (Quicksilver One)(winner)
- $0 - $100 (varies by account)Minimum Opening Deposit$0
- 4.1/5 stars (800K+ reviews)Mobile App Rating (2026)4.3/5 stars (500K+ reviews)(winner)
- Physical Branch Network
Bank of America
4,300+ branches nationwide(winner)
Capital One
No physical branches (online-only)
- Savings Account APY (2026)
Bank of America
0.01% - 0.04%
Capital One
4.20% - 4.35%(winner)
- Monthly Maintenance Fees
Bank of America
$12 (Advantage Checking average)
Capital One
$0 (all checking/savings accounts)(winner)
- Primary Business Focus
Bank of America
Full-service banking (checking, savings, loans, wealth management, investment banking)(winner)
Capital One
Credit cards, savings accounts, and auto loans
- Credit Card Rewards (Best Offer)
Bank of America
2% flat-rate (BankAmericard)
Capital One
5% rotating categories (Quicksilver One)(winner)
- Minimum Opening Deposit
Bank of America
$0 - $100 (varies by account)
Capital One
$0
- Mobile App Rating (2026)
Bank of America
4.1/5 stars (800K+ reviews)
Capital One
4.3/5 stars (500K+ reviews)(winner)
Full Comparison
| Attribute | Bank of America | Capital One |
|---|---|---|
| Total Physical Branches(branches) | 3,800 | — |
| Number of U.S. Branches(branches) | 4,250 | — |
| U.S. Branch Count(branches) | 4,200 branches | — |
| New Branches Opening (2026)(locations) | 165+ | — |
| Geographic Market Coverage (2026)(markets) | 63 markets | — |
| Premium Service Centers(centers) | 165+ full financial centers | — |
| Best Travel Rewards Card(points per $1) | Bank of America Premium Rewards (1.5x points) | — |
| Credit Card APR Range(%) | 15.99% - 27.99% | 16.99% - 27.99% |
| Credit Card Approval Rate(%) | ~50% | ~70%(winner) |
| Credit Card Rewards (Best)(% cash back) | 5% rotating | — |
| Digital Engagement Value(billions USD) | $30 billion client interactions | — |
| AI-Driven Personalization(capability level) | Advanced AI-personalized solutions | — |
| Mobile App Rating(stars) | 4.3 stars | 4.3/5.0 |
| Credit Card Rewards Program Depth(redemption options) | Standard rewards catalog (5-7 categories) | — |
| Top Credit Card Cashback Rate(percent) | 3.5% preferred categories | — |
| Base Cash Back / Points Rate(x multiplier) | 2x flat | — |
| Base Cash Back/Points Rate(%) | 1.5% (Quicksilver) | — |
| Bonus Rewards Category Rate(%) | 5% (rotating categories) | — |
Show 2 more attributesAverage Rewards Rate on Flat Cash Card(percent) 1.5% — Top-Tier Card Rewards Rate (Select Category)(percent) 5% (rotating) — | ||
| Investment Advisory Services(capability level) | Comprehensive wealth management focus | — |
| Mobile App User Rating(stars) | Highly rated with AI integration | — |
| Mobile App Users(millions) | 38 million users | — |
| Checking Account Minimum Balance(USD) | Varies by account type ($500-$10,000) | — |
| Minimum Checking Balance(USD) | $500-$2,500 | — |
| Account Minimum Requirement(USD) | $0 for brokerage | — |
| Minimum Balance for Interest Checking(USD) | $500 | — |
| Minimum Deposit to Open Account(USD) | $100 | $0(winner) |
Show 1 more attributeMinimum for Premium Checking/Advisory(USD) $100,000 — | ||
| Overall Customer Satisfaction Score(competitive ranking) | Competitive with digital strengths | — |
| Customer Service Rating(J.D. Power Score /1000) | 3.2/5 | — |
| Total Assets Under Management(trillions USD) | BofA: $3.6T | — |
| Credit Rating (S&P Global)(rating) | AA- | — |
| Physical Branches(count) | 4,300 branches | — |
| ATM Network Size(count) | 16,000+ ATMs | — |
| Physical Locations(branches) | 4,200+ branches | — |
| Physical Branches(locations) | 4,300+(winner) | 0 |
| ATM Network Access(ATMs nationwide) | 15,000+ | 30,000+ (surcharge-free network)(winner) |
Show 3 more attributesATM Network Size(ATMs) 16,000 ATMs — Surcharge-Free ATM Network(ATMs) 64,000+ — Minimum Credit Score (Entry)(score) 650 — | ||
| Q1 2026 Net Income(billions USD) | $7.3 billion | — |
| Wealth Management Assets(trillions USD) | $2.9 trillion | — |
| Monthly Checking Account Fee(USD) | $12 | $0(winner) |
| Overdraft Fee(USD) | $35 per transaction | $0 (with SafePass)(winner) |
| Monthly Checking Fee(USD) | $12 | $0(winner) |
| Monthly Maintenance Fee(USD) | $12 (waivable) | — |
| Overdraft Fee per Occurrence(USD) | $35 | — |
Show 1 more attributeMonthly Account Maintenance Fee(USD) $0 — | ||
| Auto Loan APR (Prime borrower)(%) | 6.49% | — |
| Auto Loan APR Range(%) | 5.24% - 9.99% | 4.74% - 9.74% |
| CD Rate (12-month)(%) | 4.10% | — |
| Total Assets Under Management(billion USD) | $2,950 billion | — |
| Customer Base(millions) | 20+ million | — |
| Customer Base Size(millions) | 195 million customers | — |
| Total Assets (2026)(USD billions) | $475+ | — |
| Stock Trading Commission(USD per trade) | $0 | — |
| Mutual Fund Selection(funds) | 5,000+ | — |
| Assets Under Management(trillion USD) | $2.9 trillion | — |
| Total Assets (USD Trillions)(USD) | $3.45 trillion | — |
| Total Assets(billions USD) | $3.45 trillion | $507 billion(winner) |
| J.D. Power Customer Satisfaction (2025)(score (out of 1000)) | 724 points | — |
| Major Regulatory Enforcement Actions (2020-2025)(actions) | 3 actions | — |
| Average APY on Savings (High-Yield Savings)(percent) | 4.35% APY | — |
| High-Yield Savings APY(%) | 0.01% | 4.60%(winner) |
| Savings Account APY (2026)(%) | 4.20% - 4.35% | — |
| Savings Account APY(%) | 0.01% - 0.04% | 4.70%(winner) |
| Overdraft Fees(USD per occurrence) | $35 | $0(winner) |
| Mobile App Rating (iOS)(stars (out of 5)) | 4.7/5 | 4.8/5(winner) |
| Average Monthly Checking Account Fee(USD) | $17.50 average | — |
| Lowest Annual Fee Card(USD) | $0 | — |
| Premium Card Annual Fee (Flagship)(USD) | $495 (Venture X equivalent) | — |
| Customer Satisfaction Score(out of 5) | 68/100 | — |
| Customer Satisfaction Score (J.D. Power 2025)(points) | 759 | 768(winner) |
| Customer Satisfaction Score (JD Power 2024)(points (1,000 max)) | 751 | — |
| Mobile Banking App Rating (iOS)(stars out of 5) | 4.1/5 stars | — |
| Mortgage Market Share(percentage) | 6.8% | — |
| Checking Account Monthly Fee(USD) | $12 (waivable) | $0(winner) |
| Investment/Brokerage Platform | Merrill Edge + full advisory | None |
| High-Yield Savings Account APY(%) | 0.01% | — |
| Physical Branch Locations(locations) | 4,300+(winner) | 1,000+ partner locations |
| Auto Loan APR (Average)(%) | 5.89% | — |
| Auto Loan APR Range (Average)(%) | 3.99% - 8.99% | — |
| Personal Loan APR Range(%) | 21.99% - 35.99% | — |
| Savings Account APY Range(percent) | 0.01%-0.04% | — |
| Robo-Advisor Minimum(USD) | $25,000 | — |
| Travel Redemption Partners(count) | 10+ airlines and partners | — |
| Savings Account APY(%) | 2.5% (2026) | — |
| Earning Simplicity(categories) | 1 (uniform) | — |
| Global Merchant Acceptance(%) | 99%+ (Visa/Mastercard network) | — |
| Hotel Partnership Value(redemption ratio) | Variable transfer rates | — |
| Premium Card Features(benefit count) | Basic | — |
| Money Market Account APY(%) | 4.05% | — |
| Credit Card Products Available(count) | 15+ | — |
| Credit Card Options(count) | 20+ cards | — |
| Minimum Credit Score(score) | 620+ | — |
| Loan Approval Time(business days) | 1-3 business days | — |
| Funding Timeline(Days) | 1-2 | — |
| Loan Funding Time(business days) | 2-3 business days | — |
| Maximum Personal Loan Amount(USD) | $50,000 | — |
| Origination Fee(%) | 0% - 1% | — |
| Minimum Interest Rate(%) | 7.99% | — |
| Maximum Interest Rate(%) | 35.99% | — |
| Minimum Credit Score Required(score) | 580 | — |
| Average Origination Fee(%) | 5.5% | — |
| Annual Fee (Entry Card)(USD) | $0 | — |
| Annual Fee (Premium Card)(USD) | $95 | — |
| Foreign Transaction Fees (Premium)(%) | 3% | — |
| Number of Financial Products(Count) | 3+ (loans, cards, deposits) | — |
| Airport Lounge Access(count) | None (entry/mid-tier) | — |
| Starting APR (Personal Loans)(%) | 8.99% | — |
| Maximum APR (Personal Loans)(%) | 29.99% | — |
| Origination Fee Range(%) | 0% - 8% | — |
| Maximum Loan Amount(USD) | Varies by product (up to $100k+ for auto loans) | — |
| Minimum Credit Score for Prime Cards(score) | 670+ | — |
| Total Credit Card Products(count) | 65+ | — |
| Customer Satisfaction Score (J.D. Power 2024)(points) | 82/100 | — |
| US Merchant Acceptance Rate(percent) | 95% | — |
Bank of AmericaCapital OneTotal Physical Branches(branches)
3,800
—
Number of U.S. Branches(branches)
4,250
—
U.S. Branch Count(branches)
4,200 branches
—
New Branches Opening (2026)(locations)
165+
—
Geographic Market Coverage (2026)(markets)
63 markets
—
Premium Service Centers(centers)
165+ full financial centers
—
Best Travel Rewards Card(points per $1)
Bank of America Premium Rewards (1.5x points)
—
Credit Card APR Range(%)
15.99% - 27.99%
16.99% - 27.99%
Credit Card Approval Rate(%)
~50%
~70%
Credit Card Rewards (Best)(% cash back)
5% rotating
—
Digital Engagement Value(billions USD)
$30 billion client interactions
—
AI-Driven Personalization(capability level)
Advanced AI-personalized solutions
—
Mobile App Rating(stars)
4.3 stars
4.3/5.0
Credit Card Rewards Program Depth(redemption options)
Standard rewards catalog (5-7 categories)
—
Top Credit Card Cashback Rate(percent)
3.5% preferred categories
—
Base Cash Back / Points Rate(x multiplier)
2x flat
—
Base Cash Back/Points Rate(%)
1.5% (Quicksilver)
—
Bonus Rewards Category Rate(%)
5% (rotating categories)
—
Show 2 more attributes
Average Rewards Rate on Flat Cash Card(percent)
1.5%
—
Top-Tier Card Rewards Rate (Select Category)(percent)
5% (rotating)
—
Investment Advisory Services(capability level)
Comprehensive wealth management focus
—
Mobile App User Rating(stars)
Highly rated with AI integration
—
Mobile App Users(millions)
38 million users
—
Checking Account Minimum Balance(USD)
Varies by account type ($500-$10,000)
—
Minimum Checking Balance(USD)
$500-$2,500
—
Account Minimum Requirement(USD)
$0 for brokerage
—
Minimum Balance for Interest Checking(USD)
$500
—
Minimum Deposit to Open Account(USD)
$100
$0
Show 1 more attribute
Minimum for Premium Checking/Advisory(USD)
$100,000
—
Overall Customer Satisfaction Score(competitive ranking)
Competitive with digital strengths
—
Customer Service Rating(J.D. Power Score /1000)
3.2/5
—
Total Assets Under Management(trillions USD)
BofA: $3.6T
—
Credit Rating (S&P Global)(rating)
AA-
—
Physical Branches(count)
4,300 branches
—
ATM Network Size(count)
16,000+ ATMs
—
Physical Locations(branches)
4,200+ branches
—
Physical Branches(locations)
4,300+
0
ATM Network Access(ATMs nationwide)
15,000+
30,000+ (surcharge-free network)
Show 3 more attributes
ATM Network Size(ATMs)
16,000 ATMs
—
Surcharge-Free ATM Network(ATMs)
64,000+
—
Minimum Credit Score (Entry)(score)
650
—
Q1 2026 Net Income(billions USD)
$7.3 billion
—
Wealth Management Assets(trillions USD)
$2.9 trillion
—
Monthly Checking Account Fee(USD)
$12
$0
Overdraft Fee(USD)
$35 per transaction
$0 (with SafePass)
Monthly Checking Fee(USD)
$12
$0
Monthly Maintenance Fee(USD)
$12 (waivable)
—
Overdraft Fee per Occurrence(USD)
$35
—
Show 1 more attribute
Monthly Account Maintenance Fee(USD)
$0
—
Auto Loan APR (Prime borrower)(%)
6.49%
—
Auto Loan APR Range(%)
5.24% - 9.99%
4.74% - 9.74%
CD Rate (12-month)(%)
4.10%
—
Total Assets Under Management(billion USD)
$2,950 billion
—
Customer Base(millions)
20+ million
—
Customer Base Size(millions)
195 million customers
—
Total Assets (2026)(USD billions)
$475+
—
Stock Trading Commission(USD per trade)
$0
—
Mutual Fund Selection(funds)
5,000+
—
Assets Under Management(trillion USD)
$2.9 trillion
—
Total Assets (USD Trillions)(USD)
$3.45 trillion
—
Total Assets(billions USD)
$3.45 trillion
$507 billion
J.D. Power Customer Satisfaction (2025)(score (out of 1000))
724 points
—
Major Regulatory Enforcement Actions (2020-2025)(actions)
3 actions
—
Average APY on Savings (High-Yield Savings)(percent)
4.35% APY
—
High-Yield Savings APY(%)
0.01%
4.60%
Savings Account APY (2026)(%)
4.20% - 4.35%
—
Savings Account APY(%)
0.01% - 0.04%
4.70%
Overdraft Fees(USD per occurrence)
$35
$0
Mobile App Rating (iOS)(stars (out of 5))
4.7/5
4.8/5
Average Monthly Checking Account Fee(USD)
$17.50 average
—
Lowest Annual Fee Card(USD)
$0
—
Premium Card Annual Fee (Flagship)(USD)
$495 (Venture X equivalent)
—
Customer Satisfaction Score(out of 5)
68/100
—
Customer Satisfaction Score (J.D. Power 2025)(points)
759
768
Customer Satisfaction Score (JD Power 2024)(points (1,000 max))
751
—
Mobile Banking App Rating (iOS)(stars out of 5)
4.1/5 stars
—
Mortgage Market Share(percentage)
6.8%
—
Checking Account Monthly Fee(USD)
$12 (waivable)
$0
Investment/Brokerage Platform
Merrill Edge + full advisory
None
High-Yield Savings Account APY(%)
0.01%
—
Physical Branch Locations(locations)
4,300+
1,000+ partner locations
Auto Loan APR (Average)(%)
5.89%
—
Auto Loan APR Range (Average)(%)
3.99% - 8.99%
—
Personal Loan APR Range(%)
21.99% - 35.99%
—
Savings Account APY Range(percent)
0.01%-0.04%
—
Robo-Advisor Minimum(USD)
$25,000
—
Travel Redemption Partners(count)
10+ airlines and partners
—
Savings Account APY(%)
2.5% (2026)
—
Earning Simplicity(categories)
1 (uniform)
—
Global Merchant Acceptance(%)
99%+ (Visa/Mastercard network)
—
Hotel Partnership Value(redemption ratio)
Variable transfer rates
—
Premium Card Features(benefit count)
Basic
—
Money Market Account APY(%)
4.05%
—
Credit Card Products Available(count)
15+
—
Credit Card Options(count)
20+ cards
—
Minimum Credit Score(score)
620+
—
Loan Approval Time(business days)
1-3 business days
—
Funding Timeline(Days)
1-2
—
Loan Funding Time(business days)
2-3 business days
—
Maximum Personal Loan Amount(USD)
$50,000
—
Origination Fee(%)
0% - 1%
—
Minimum Interest Rate(%)
7.99%
—
Maximum Interest Rate(%)
35.99%
—
Minimum Credit Score Required(score)
580
—
Average Origination Fee(%)
5.5%
—
Annual Fee (Entry Card)(USD)
$0
—
Annual Fee (Premium Card)(USD)
$95
—
Foreign Transaction Fees (Premium)(%)
3%
—
Number of Financial Products(Count)
3+ (loans, cards, deposits)
—
Airport Lounge Access(count)
None (entry/mid-tier)
—
Starting APR (Personal Loans)(%)
8.99%
—
Maximum APR (Personal Loans)(%)
29.99%
—
Origination Fee Range(%)
0% - 8%
—
Maximum Loan Amount(USD)
Varies by product (up to $100k+ for auto loans)
—
Minimum Credit Score for Prime Cards(score)
670+
—
Total Credit Card Products(count)
65+
—
Customer Satisfaction Score (J.D. Power 2024)(points)
82/100
—
US Merchant Acceptance Rate(percent)
95%
—
Pros & Cons
10 pros·6 cons across both
Bank of America
+5-3
Pros
- 4,300+ physical branches for in-person banking and deposits
- Comprehensive product suite including mortgages, investment accounts, and wealth management
- BankAmericard offers 2% flat-rate cash back on all purchases with no annual fee
- Preferred Rewards program provides fee waivers and higher interest rates based on relationship balances
- 24/7 customer service with dedicated financial advisors available
Cons
- Monthly maintenance fees range from $12-$25 across checking accounts
- Savings account APY significantly below market rate (0.01%-0.04% vs market 4%+)
- Higher ATM fees and overdraft charges compared to online-only competitors
Capital One
+5-3
Pros
- Savings accounts offer 4.20%-4.35% APY, 100x higher than Bank of America
- Zero monthly maintenance fees on all checking and savings accounts
- Capital One 360 checking includes unlimited ATM fee reimbursements nationwide
- Quicksilver One card offers 5% cash back on rotating categories with no foreign transaction fees
- Mobile app rated 4.3/5 stars with strong user experience and instant mobile deposits
Cons
- No physical branch locations—all banking conducted online, by phone, or mail
- Limited product offerings—no investment accounts, mortgages, or wealth management services
- Some credit cards carry annual fees ($39-$95) despite no checking account fees
Frequently Asked Questions
5 questions
Capital One significantly outperforms with 4.20%-4.35% APY versus Bank of America's 0.01%-0.04% APY. On a $10,000 deposit, Capital One customers earn ~$428 annually while BofA customers earn $2.50—a difference of $425.50 per year.
Resources & Learn More
Curated sources to dive deeper
Wikipedia
- W
Bank of America on Wikipedia (opens in new tab)
Full-service retail and commercial bank with extensive branch network and integrated investment services.
- W
Capital One on Wikipedia (opens in new tab)
Major US credit card issuer focused on accessibility and rebuilding credit with diverse product offerings.
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