Capital One HYSA Question
I was catching up on one of their podcast episodes and there was a question from someone about parking your money in a HYSA for a home down payment (I forget if it was a regular question or rapid fire). Brian and Bo proceeded to list an ideal APY range for an HYSA in tandem with a few banks/institutions they felt were reputable. Brian during that said something along the lines of stay away from Capital One. My question is why? Is it just their lower APY compared to others?
Edit: Ah I wasn't aware of the rate chicanery they pulled, that's really scummy. Not scummy enough to make me move my money but scummy enough to take note. I was worried it wasn't actually FDIC insured or something along those lines, thank you all for the info. Makes sense I didn't know about it considering I only joined them in ~2024.