Capital One does not offer Roth IRAs. The bank sold its brokerage arm, Capital One Investing, to E*TRADE in 2018 and transferred its remaining bank IRA accounts to Millennium Trust (now Inspira Financial) in 2022. If you want a Roth IRA today, you will need to open one at a brokerage like Fidelity, Schwab, or Vanguard.
Key takeaways
- Capital One exited the retail investing business in 2018, selling more than 1 million brokerage accounts (roughly $18 billion in assets) to ETRADE for $170 million. Morgan Stanley then acquired ETRADE in 2020, so old Capital One Investing accounts now sit inside Morgan Stanley's E*TRADE platform.
- Capital One also stopped offering bank IRAs. In 2022 it transferred its 360 IRA savings and IRA CD customers to Millennium Trust Company, which has since rebranded as Inspira Financial. That transfer triggered a class action over the low interest rates paid on the moved cash.
- Capital One today is a bank, not a broker. It offers 360 Checking, 360 Performance Savings, and 360 CDs, but none of them can be opened as an IRA.
- For 2026, you can contribute $7,500 to a Roth IRA ($8,600 if you are 50 or older), subject to income phase-outs starting at $153,000 for single filers and $242,000 for married couples filing jointly.
- Fidelity, Schwab, and Vanguard all offer Roth IRAs with no account minimums and no commissions on US stocks and ETFs, which is what a long-term Roth investor actually needs.
What happened to Capital One's Roth IRA business
Plenty of older articles, including a previous version of this one, describe Capital One Roth IRAs as a live product. That information is years out of date, and acting on it will waste your time.
Capital One's investing arm started life as ShareBuilder, which came along when Capital One acquired ING Direct in 2012 and was later rebranded Capital One Investing. In January 2018, Capital One agreed to sell the whole self-directed brokerage business to ETRADE for $170 million. The deal covered more than 1 million customer accounts holding around $18 billion in assets, including brokerage Roth and traditional IRAs. Those accounts moved to ETRADE later that year, and when Morgan Stanley bought E*TRADE in 2020, they became part of Morgan Stanley.
That left Capital One with its bank-side IRAs: the 360 IRA savings accounts and IRA CDs. In 2022 the bank exited those too, transferring the accounts to Millennium Trust Company, a non-bank custodian now called Inspira Financial. The transfer became the subject of a class action filed in 2024, with customers alleging the cash earned far less at Millennium than comparable Capital One savings rates. Whatever the outcome, the practical takeaway is the same: Capital One no longer holds or opens IRAs of any kind.
What Capital One offers vs. what a Roth investor needs
Capital One remains a solid consumer bank. It just is not a retirement account provider anymore.
| What a Roth IRA investor needs | Does Capital One offer it? |
|---|---|
| Roth IRA (brokerage) | No, sold to E*TRADE in 2018 |
| IRA savings account or IRA CD | No, transferred to Millennium Trust (Inspira) in 2022 |
| Stocks, ETFs, index funds, mutual funds | No brokerage platform |
| IRA rollovers and Roth conversions | No |
| High-yield savings (taxable) | Yes, 360 Performance Savings |
| CDs (taxable) | Yes, 360 CDs, terms from 6 to 60 months, top rates around 4% APY as of August 2026 |
| Checking | Yes, 360 Checking, no monthly fees |
The pattern is clear. Capital One works fine for cash you want liquid and FDIC-insured. It cannot hold the tax-advantaged, market-invested portion of your portfolio.
What to do if you had a Capital One IRA
Old Capital One Investing (brokerage) IRA. Your account moved to ETRADE in 2018 and now lives under Morgan Stanley's ETRADE brand. Log in at etrade.com with your old credentials or call E*TRADE to locate the account. From there you can keep it, or do a direct trustee-to-trustee transfer to another broker.
Old 360 IRA savings or IRA CD. Your account went to Inspira Financial (formerly Millennium Trust) in 2022. Contact Inspira to confirm the balance, then strongly consider a direct transfer to a real brokerage. Cash parked with a custodian earning below-market interest is exactly the kind of quiet drag that delays financial independence.
In both cases, use a direct transfer rather than taking a distribution. A direct transfer between custodians has no tax consequences and no 60-day deadline to worry about.
Where to open a Roth IRA instead
For a self-directed investor, the big three brokerages are hard to beat. All three have no account minimums, no annual IRA fees, and zero commissions on US stocks and ETFs.
| Broker | Account minimum | Standout feature | Best for |
|---|---|---|---|
| Fidelity | $0 | Zero-expense-ratio index funds, fractional shares | Most investors, all-around pick |
| Schwab | $0 | Strong customer service, banking integration | Investors who want brokerage plus checking |
| Vanguard | $0 | Rock-bottom index fund and target-date fund costs | Buy-and-hold indexers |
If you are weighing app-first brokers against the incumbents, our Robinhood vs Fidelity Roth IRA comparison breaks down where a match bonus does and does not make up for a thinner retirement platform. And if you do not have a Social Security number, opening an account is still possible: see our guide to getting a Roth IRA with an ITIN.
2026 Roth IRA contribution limits
Once you have picked a provider, the IRS rules are the same everywhere. For tax year 2026:
- Contribution limit: $7,500, up from $7,000 in 2025
- Catch-up (age 50+): an extra $1,100, for a total of $8,600
- Income phase-out, single and head of household: $153,000 to $168,000 of modified AGI
- Income phase-out, married filing jointly: $242,000 to $252,000
- Married filing separately: $0 to $10,000, unchanged
High earners above the phase-out can still fund a Roth through the backdoor Roth IRA process, which every major brokerage supports and which matters for most readers on the FatFIRE path. More on where the Roth fits in the bigger picture in our retirement planning hub.
Where Capital One still fits
None of this makes Capital One useless. A 360 Performance Savings account is a reasonable home for an emergency fund, and 360 CDs paying around 4% APY (August 2026 rates, check capitalone.com for current figures) can work for short-term cash goals like a house down payment. Just understand what you are getting: taxable, FDIC-insured cash products, not retirement accounts. For how bank accounts fit alongside your investments, see our banking and credit hub.
Bottom line
Searching for a Capital One Roth IRA leads to a dead end, and any article telling you otherwise is recycling pre-2018 information. Keep Capital One for banking if you like it, track down any legacy IRA at E*TRADE or Inspira Financial, and open your Roth at Fidelity, Schwab, or Vanguard, where $7,500 a year (or $8,600 at 50+) can compound in low-cost index funds for decades, tax-free.
Frequently asked questions
Does Capital One offer a Roth IRA?
No, Capital One does not offer Roth IRAs. The bank sold its brokerage arm, Capital One Investing, to E*TRADE in 2018 and transferred its remaining bank IRA accounts to Millennium Trust, now Inspira Financial, in 2022. To open a Roth IRA today you need a brokerage like Fidelity, Schwab, or Vanguard.
What happened to my old Capital One Investing IRA?
Your old Capital One Investing brokerage IRA moved to ETRADE in 2018 and now lives under Morgan Stanley's ETRADE brand, after Morgan Stanley bought ETRADE in 2020. Log in at etrade.com with your old credentials or call ETRADE to locate it. From there you can keep it or do a direct trustee-to-trustee transfer to another broker.
What happened to Capital One's 360 IRA savings accounts?
In 2022 Capital One transferred its 360 IRA savings and IRA CD customers to Millennium Trust Company, now rebranded Inspira Financial. That transfer triggered a 2024 class action alleging the moved cash earned far less than comparable Capital One savings rates. Contact Inspira to confirm the balance, then consider a direct transfer to a real brokerage.
What are the 2026 Roth IRA contribution limits?
For 2026 you can contribute $7,500 to a Roth IRA, up from $7,000 in 2025, or $8,600 if you are 50 or older with the extra $1,100 catch-up. Income phase-outs start at $153,000 to $168,000 for single filers and $242,000 to $252,000 for married couples filing jointly. High earners above the phase-out can still use the backdoor Roth process.