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

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

The CFPB claims that Capital One used two similarly ... I was one of the customers earning a token interest rate instead of the one 360 Performance Savings account holders get.

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

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

The regulator alleged that Capital One advertised its 360 Savings account as a “high interest” account with a variable rate that it claimed was one of the best in the country. The bank then ...

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.

Between December 2020 and August 2024, the CFPB alleged Capital One kept the Savings 360 interest rate fixed at 0.3 percent. While interest rates were near zero during the pandemic, the Federal ...

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 ...

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 ...

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 ...