ĭiscover Bank: Pricing information and data points from published website as of. Please visit the product website for details.Ĭapital One: Pricing information from published website as of. Online Savings Account - Earn 4.30% APYīlank fields may indicate the information is not available, not applicable, or not known to CreditDonkey.Discover Online Savings - $150 Cash Bonus.Discover Online Savings - $200 Cash Bonus.Solid online bank with high APY rates and good customer service. Good online bank with access to in-person support. Lower savings APY compared to other online banks.Over 70,000 no-fee Capital One & Allpoint ATMsġ2-month CD APY of 4.85%. $2,500 minimumĬashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. 12-month CD APY of 4.85%Ģ.00% to 5.00% APY depending on terms. Read on for an in-depth look, including ratings, reviews, pros and cons.ĭiscover Online Savings - $200 Cash Bonus - Learn Moreģ.90% to 4.85% APY. There are no service fees.Ĭompare Capital One with Discover Bank, side-by-side. CDs go up to 10-year terms and have a minimum deposit of $2,500. While Discover Bank offers some of the highest interest rates on the market. There are no minimum deposits or service fees. Their interest checking has several overdraft options in cases of accidental overdraw. How does it compare to Discover Bank? Read our comparison chart below.Ĭapital One offers competitive rates on their savings account. Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 5-year-old Bichon named Tibber.Capital One is a good online bank with access to in-person support. 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. Winner: Capital One 360īoth companies have had recent public controversies - but Capital One has the highest BBB score possible, while Chime has the lowest.Įvelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. The Financial Crimes Enforcement Network fined Capital One $390 million when Capital One admitted to failing to carry out an Anti-Money Laundering program, thus violating the Bank Secrecy Act. The OCC said Capital One's security was insufficient at the time.
Many users have filed complaints with the Consumer Financial Protection Bureau, saying that Chime has unexpectedly closed their accounts and sometimes kept them from accessing their money.Ĭapital One paid $80 million after the Office of the Comptroller of the Currency stated that the bank was partially responsible for a 2019 data breach in which a hacker accessed over 100 million credit card applications. In a 2021 settlement with The Commissioner of Financial Protection and Innovation, Chime agreed to make it clear in future advertising that it is not a bank. Chime used the URL "" as well as using the words "bank" and "banking," even though the company is not licensed to operate as a bank in any jurisdiction. There has also been government action against Chime. The BBB states that Chime has a poor grade because it has a high volume of customer complaints, has not responded to some of these complaints, and takes a long time to respond to some complaints. The BBB gives Capital One an A+ and Chime an F. The Better Business Bureau measures companies' trustworthiness by evaluating responses to customer complaints, honesty in advertising, and transparency about business practices. Read Our Review A looong arrow, pointing right Chime vs.
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