A tunable multilayer capacitor is provided. The capacitor comprises first active electrodes that are in electrical contact with a first active termination and alternating second active electrodes that are in electrical contact with a second active termination. The capacitor also comprises first DC bias electrodes that are in electrical contact with a first DC bias termination and alternating second DC bias electrodes that are in electrical contact with a second DC bias termination. A plurality of dielectric layers are disposed between the alternating first and second active electrodes and between the alternating first and second bias electrodes. At least a portion of the dielectric layers contain a dielectric material that exhibits a variable dielectric constant upon the application of an applied voltage.