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Earn 1.75% APY on all account balances, automate your savings with regular transfers from your Capital One 360 Checking or external checking account, and opt into Free Savings Transfer to use the ...
First and foremost, determine which type of Capital One savings account you have. The lawsuit primarily concerns two accounts, the 360 Savings Account and the 360 Performance Savings Account.
According to disclosures on the Capital One's website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have an interest rate of about 3.74%.
Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
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.
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 ...
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