This means as your balance increases, so does the interest rate you earn.Īnd don’t think that if you have a small balance, the interest you earn will be small. The interest rate varies, and it is a tiered system. You earn interest as long as you have an account balance. These include making a certain number of monthly direct deposits or maintaining a certain balance. Most checking accounts only pay interest if you meet certain requirements. What sets the 360 Checking account apart is that it pays interest, regardless of your balance. The 360 Checking account is free of fees and your first book of checks is free. Let’s take a look at each of these in greater detail. Capital One 360 FeaturesĬapital One 360 offers a complete banking experience for its customers, with services including: Today, Capital One 360 is a total online bank without any physical branches. The company expanded into auto loans in 1998 and then into retail banking in 2005. When Capital One bought ING Direct, it renamed it Capital One 360.Ĭapital One has been a financial powerhouse since its founding in 1994.īefore that, it was part of Signet Banking Corporation. My Capital One 360 Review | The Online Bank That Does It All What Is Capital One 360?Ĭapital One 360 began in 2012 when Capital One bought ING Direct.īecause of the financial crisis, the owner of ING Direct was forced to sell its US banking arm.
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