Why Banks May Be Hoping You’re Not Paying Attention
They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and ...
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...
CBS News23d
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost more than $2 ...
The Washington Post24d
U.S. regulator accuses Capital One of ‘cheating’ customers on interest rates
After the Federal Reserve started raising interest rates in 2022, Capital One adjusted rates only for the Performance accounts, federal regulators allege. The bank kept the 360 Savings rate fixed ...
This Bank Account Pays a 4.75% APY. Should You Open One Now?
Quontic's money market account pays a top-notch APY, which almost no savings account can match. Learn what else makes this MMA a great place for your savings.
Bloomberg L.P.23d
Capital One Accused of Misleading Customers on Savings Rates
Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial ...
CNET23d
CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
Capital One lowered and froze the account's savings APY, the CFPB said. The similarly named savings accounts were identical, except for their interest rates. At one point, the 360 Performance ...
CNET3h
Today's best savings rates
*APYs as of Feb. 6, 2025, based on the banks we track at CNET. Weekly percentage increase/decrease from Jan. 27, 2025, to Feb ...
CBS News 823d
Capital One accused of hiding lower rates in savings accounts scheme
The lawsuit, filed on January 14, 2024, claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019. The bank allegedly marketed these accounts ...
AOL21d
Capital One allegedly swindled savings account holders out of billions in interest income
the 360 Savings Account and the 360 Performance Savings Account. The CFPB alleges that Capital One kept interest rates low on 360 Savings accounts while offering significantly higher rates on the ...
Oregonian23d
Capital One kept interest payments low on ‘high-interest’ savings accounts, regulators claim
Despite promoting 360 Savings as an account that provides one of nation’s highest interest rates, the CFPB alleges that Capital One froze its rate at a low level for at least several years ...
JD Supra13d
Capital One Faces Lawsuit Over Savings Account Practices
On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...