The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...

Like Capital One, all Bread Savings CD interest rates are highly competitive. But while Capital One 360 doesn’t have a minimum balance requirement, Bread Savings requires a $1,500 minimum ...

Capital One's 360 Performance Savings offers a competitive APY and the rare perk of in-person support at its branches. Learn ...

They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and ...

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 ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the 360 Performance Savings interest rate from 0.4% in April 2022 to 4.35% in ...

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 ...

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

Capital One has 27 branches on Long Island, from Valley Stream to Mattituck. The CFPB said the bank saved more than $2 billion by not increasing the interest rate of the 360 Savings account.

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 ...

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 ...