
Is Capital One Cheating You Too? The Secret You Must Know About Your High-Interest Account
Are you a Capital One savings account customer? If so, you could be losing thousands of dollars a year and should check your accounts immediately. Here’s how to find out if you're impacted and what to do about it. Background As diligent as I am with my money, I recently discovered I was losing thousands of dollars a year in interest. I thought I had a high-interest bank account with Capital One, but it turns out, my interest rate was only 0.30%. Why was it so low? Because apparently several years ago Capital One essentially archived certain legacy accounts – the “360 Savings Accounts”– and instead created a competing product that actually earns high interest. (These new accounts are called a deceptively similar name - the “360 Performance Savings Account”…