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The CFPB claims that Capital One used two similarly named products, 360 Savings and 360 Performance Savings, to create a two-tier system where existing savings account customers were purposely ...
Per CFBP, Capital One marketed its 360 Savings as a “high-interest” account with one of the nation’s best rates, only to mislead customers by freezing the rate at 0.30%. At the same time, it ...
The CFPB alleges that Capital One kept the rate for its 360 Savings accounts at 0.30% between December 2020 through at least August 2024. The rate for 360 Performance Savings, by contrast, climbed ...
In 2019, Capital One created a separate 360 Performance Savings account that paid significantly more interest than the 360 Savings. But Capital One obscured the new product to prevent customers ...
At issue is Capital One’s marketing of the “360 Savings” account that used words as “one of the nation’s” “top,” “best,” and “highest” to describe the interest earned from it.
For those looking to grow their savings, Capital One 360 Performance Savings offers a competitive 3.80% APY with no minimum balance requirement. This high-yield savings account has a $0 monthly ...
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