![]() The APY is variable, like all savings accounts, but Capital One doesn’t have a bunch of fine print that can hamper your ability to save. The 360 Performance Savings account doesn’t have minimum balance requirements, monthly maintenance charges or overdraft fees. The unusual combination is a big reason we named this account the Best Savings Account for 2023. ![]() Its generous APY is similar to those offered by online-only banks, although Capital One has several hundred traditional branches. Account can be linked to a Capital One checking accountĬapital One 360 Performance Savings is an easy-to-use, virtually fee-free account that gives you a competitive interest rate and the flexibility to bank in person or digitally.Set and track savings goals via online and app-based tools.Open and manage your account via web, mobile app, branch.No minimum opening balance or monthly maintenance fee.Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 5-year-old Bichon named Tibber. She has also completed MBA business law courses while working on her Bachelor of Business Administration in Management at the University of Massachusetts, Amherst. Prior to combining and consolidating her knowledge of law and business, she spent one year finishing 1L courses at Suffolk University Law School to further her legal knowledge. degree in Marketing at Boston University in 2022. ![]() Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. The compliance team's mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love. Capital One is still a trustworthy option overall, though.Įvelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. Winner: AllyĪlly hasn't been involved in any recent public scandals. In 2020, The Office of the Comptroller of Currency required Capital One to pay $80 million in a settlement that said the bank had inefficient security practices, which comprised personal information of bank credit cardholders. Reach out to current customers or read online customer reviews to see if a bank might be a good fit for you.Īlly hasn't been involved in any public controversies, but Capital One has one recent settlement. BBB grades range from A+ to F.Ĭapital One currently has an A+ rating and Ally received an A rating from the BBB because it has five unresolved complaints on the BBB website.Ī high BBB rating doesn't necessarily guarantee your relationship with a bank will be perfect. The Better Business Bureau evaluates businesses to see if they effectively respond to customer issues and have honest advertising practices. Capital One Trustworthiness and BBB Rating Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. It also lets you deposit cash at CVS locations there's no place to deposit cash with Ally. ![]() Capital One has physical locations in some states and a bigger ATM network. Deposit cash, but only at CVS locationsĬapital One 360 Checking has more ways to access your account.Branches only in NY, LA, TX, MD, VA, NJ, and Washington, DC.Doesn't reimburse out-of-network ATM fees.Reimburses up to $10 in out-of-network ATM fees.Spending buckets to help manage expenses.
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