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How to Money

Friday Flight - Loud Budgeting, Rampant Financial Infidelity, & Bad Bank Behavior #780

Jan 26, 2024
Topics discussed in this podcast include: 1% match by Robinhood, investing at all-time highs, active vs passive investing, the correlation of income and happiness, 'new' collar jobs, loud budgeting, rampant financial infidelity, employer student loan benefits, and bad bank behavior.
32:06

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Quick takeaways

  • Capital One has been criticized for offering a lower interest rate on a savings account, leaving many loyal customers unaware that a more attractive interest rate is available.
  • Under new legislation, employers now have the option to match retirement contributions with student loan payments, providing financial assistance to individuals burdened by student loan obligations.

Deep dives

Capital One criticized for offering lower interest rate on savings account

Capital One has been criticized for offering a lower interest rate on a savings account, leaving many loyal customers unaware that a more attractive interest rate is available. The bank has two savings accounts, with one offering a much higher interest rate than the other. This discrepancy has caused some customers to miss out on significant earnings. It is important for customers to closely monitor their accounts and ensure they are getting the best possible interest rate.

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