Business & Finance Finance

Capital One Banking-How Does Capital One Stack Up In The Banking Department?

Capital one banking is not the first thing that comes to mind when you think of capital one. You immediately think of credit cards, but many people aren't aware that capital one actually is a bank, and offers all the standard features that banks do, such as savings accounts, certificates of deposit, car loans, personal loans, etc.

Obviously, for some of these, you will need a relatively high credit score, but assuming you qualify, then capital one loans are certainly a worthy choice.

How do their services compare with other banks today? First of all, the interest rates on their saving accounts are very high, and can go as high as three and a half percent, as long as you have over ten thousand in there. Even if you don't, they are often times above three percent, a rarity in today's market.

For car loans, depending on your credit score, you can get them as low as five and a half percent, although this is the absolute lowest you can get (usually you will pay a bit more). Home loans start out at around six and a half percent.

For any of these features, they offer online calculators so that you can immediately see how much you can expect to pay per month, depending on your credit score, so you won't be taken by surprise.

You can also refinance your current mortgage with Capital One Banking, and do so at up to ninety five percent of your home's value. If you are unhappy with your current rate for whatever reason, this is certainly a nice feature to have available.

The best part is, you don't need ideal credit to accomplish this, as they are somewhat more lenient than many banks about this. Just use their online calculators to determine if switching to Capital One Banking is really worth it, as sometimes it will be, and sometimes it won't.

Finally, Capital One also offers debt consolidation if you have debt with more than one company, and all you do for this is merge all your debts into one payment at whatever rate you can get, pay them off, and they will handle the rest. These rates currently start out at six and a half percent, very competitive in the industry, and again, if your credit score is lower than ideal, you still might qualify.

Also, don't forget about capital one online banking, which is a very popular service and one that can really save you a lot of time instead of driving down to your local branch every time you want to deposit money.

Capital one banking is something I'd recommend, as you know they are a respected company around the nation, are on solid financial ground (not something that can be said for all banks nowadays) and therefore they would be a wise choice for you.

Leave a reply