Tag: Capital One Financial Corporation

Why Banks May Be Hoping You’re Not Paying Attention

The median American household has a combined balance of $10,000 in its checking and savings accounts, according to a census estimate. For the last few years, anyone keeping this amount in a high-yield savings account has earned close to 4 percent annual interest, or about $400 a year. But the average savings account interest rate […]

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Capital One Is Accused of Cheating Customers Out of $2 Billion

The advertisement from Capital One had many of the same promises that other banks offer for high-yield savings accounts: There were no fees, no minimum deposits and the money would earn much more in interest than in traditional bank accounts. “What’s the catch? There is none,” the bank boasted. But, according to a lawsuit filed […]

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