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Get Your Bank’s Best Yields.
- Source :
-
Kiplinger Personal Finance . Apr2024, Vol. 78 Issue 4, p51-51. 1p. 7 Charts. - Publication Year :
- 2024
-
Abstract
- Capital One is facing a class-action lawsuit from customers who claim they were deceived into receiving lower savings yields. The bank allegedly advertised a new account with a higher yield while removing references to an existing account with a lower yield. Customers who were unaware of the need to switch accounts lost out on millions of dollars in interest. This practice of creating new accounts with higher yields to attract new customers is common among financial institutions. The article advises savers to pay attention to their account's yield and consider switching to accounts with higher rates if available. The article also provides tables listing top-yielding savings and money market accounts. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 15289729
- Volume :
- 78
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Kiplinger Personal Finance
- Publication Type :
- Periodical
- Accession number :
- 175576937