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

The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.

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

The agency said in a statement Capital One deceived holders of its “360 Savings” account by conflating it with its newer and higher-yield savings account option, the “360 Performance Savings ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts.The Consumer Financial ...

The Consumer Financial Protection Bureau sued Capital One ( COF +1.89%) on Tuesday for allegedly “cheating” people out of ...

In a complaint filed in the Alexandria, Va., federal court, the CFPB said Capital One promised depositors that their 360 Savings account provided one of the nation’s “top,” “best” and ...

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost ...

Commissions do not affect our editors' opinions or evaluations. The best high-yield savings account is Capital One 360 Performance Savings Account™, earning the top rating of 5.0 stars in our study.

The CFPB has filed a lawsuit against Capital One, alleging it misled consumers and caused over $2 billion in lost interest payments on 360 Savings accounts.

The Consumer Financial Protection Bureau is suing Capital One for "cheating families out of billions of dollars on their savings accounts.” ...