Savers with money stashed in what Capital One told them were high-yield savings accounts are suing the bank after learning they were earning just 0.3 percent interest instead of more than 4 percent - costing them 'millions of dollars'.Interest rates on savings accounts generally increase or decrease in line with the 's benchmark rates.As the Fed started raising rates from nearly 0 percent in March 2022 up to more than 5 percent by April 2023, high-interest or high-yield savings account holders with most other banks enjoyed significantly higher interest on their deposits.
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