Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

On January 14, 2025, the federal government sued Capital One, accusing it of deceptive practices related to its “360 Savings” ...

The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings.

The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and ...

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 times higher than one of its other products.

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

In 2013, Capital One introduced its "360 Savings" account, claiming in advertisements that the account had the “best” and “highest” interest rates in the nation. High interest rates are ...

The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...