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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 ...
Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers ... “360 Performance Savings” account was launched that increased rates from 0 ...
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 ...
According to disclosures on 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% ...
Simultaneously, Capital One introduced the “360 Performance Savings” account, which paid a substantially higher rate—at one point, more than 14 times the rate of 360 Savings. Don't Miss:
Capital One’s Performance Savings account offers no monthly maintenance fees and a high 1.15% annual percentage yield. However, if you want to take advantage of the cash promotion, you need at ...
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