At one point, the 360 Performance Savings account rate was 4.35% APY, 14 times higher than the 360 Savings APY of 0.3%. Capital One eventually stopped offering its 360 Savings account to new ...
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 ...
The agency alleges that Capital One (NYSE:COF) marketed its 360 Savings account as paying one of the "best" and "highest" interest rates, but instead kept 360's interest rate at a low level as ...
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 ...
In the lawsuit, the U.S. government’s consumer watchdog agency accused Capital One of freezing its 360 Savings account’s annual percentage yield (APY) at a low level as rates rose nationwide ...
But at the same time, some banks haven't boosted rates on their savings accounts, creating a gap between low-and top-paying accounts, similar to that of Capital One's two offerings. According to ...
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.
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 ...
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 ...
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 ...