Where does Capital One rank in banks?
Your money is safe at Capital One
Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
| Rank | Bank | Assets (domestic) |
|---|---|---|
| 9 | Capital One | $468.23 billion. |
| 10 | TD Bank | $366.25 billion. |
| 11 | BMO Bank | $260.79 billion. |
| 12 | Citizens Bank | $224.96 billion. |
Your money is safe at Capital One
Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
Fitch Affirms Capital One at 'A-'/'F1'; Outlook Stable. Fitch Ratings - New York - 21 Feb 2024: Fitch Ratings has affirmed Capital One Financial Corporation's (COF) Long- and Short-Term Issuer Default Ratings (IDRs) at 'A-' and 'F1', respectively, and has affirmed the bank's Viability Rating (VR) at 'a-'.
About Capital One
Today, we are one of the most widely recognized brands in banking — serving more than 100 million customers across a diverse set of businesses.
Is Capital One bank insured by the FDIC? Yes. Single accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, joint accounts up to $500,000.
It is the 12th largest bank in the United States by total assets as of 2022, the third largest issuer of Visa and Mastercard credit cards, and one of the largest car finance companies in the United States. The bank has approximately 750 branches, including 30 café style locations, and 2,000 ATMs.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Capital One Financial Corporation COF faces a lawsuit from savers who claim that the bank used deceptive practices to make them think that they were earning the highest interest rate available from the company's online banking arm amid the increasing rate environment.
Capital One Financial Corp.
COF is well-poised for revenue growth on the back of strategic acquisitions and steady loan demand. Higher interest rates and a strong balance sheet position will continue to support its financials. However, rising expenses and weak asset quality remain major near-term concerns.
Why is Capital One better than Chase?
So, if you prefer higher savings rates and lower fees on your banking accounts, then Capital One might be your choice. However, if you want to keep all your money in one place, and like the option of in-person banking you might want to consider Chase.
While the details vary from account to account, Capital One accounts tend to come with lower fees and higher APYs. For example, the Bank of America Advantage Plus Banking account comes with a waivable $12 monthly fee. But Capital One's 360 Checking account doesn't come with any monthly fees.
"In the fourth quarter, we posted strong growth with strikingly strong credit results, and we continued to return capital to our shareholders," said Richard D. Fairbank , Founder, Chairman and Chief Executive Officer. "As we enter 2022, we continue to see attractive opportunities to grow and build our franchise."
Capital One is a subsidiary of Capital One Financial Corporation, a U.S.-based bank holding company headquartered in McLean, Virginia and founded in 1994. Capital One has been a subsidiary of Capital One Financial Corporation since it was established as a separate division of the company in 1994.
Fitch Affirms Capital One at 'A-'/'F1'; Outlook Stable. Fitch Ratings - New York - 16 Oct 2023: Fitch Ratings has affirmed Capital One Financial Corporation's (COF) Long- and Short-Term Issuer Default Ratings (IDR) at 'A-' and 'F1', respectively, and the bank's Viability Rating (VR) at 'a-'.
Credit cards: Capital One is one of the largest credit card companies, issuing cards to consumers in Canada, the United Kingdom, and the United States. The company has Visas and Mastercard options—many of which are rewards cards.
- Best Banks of March 2024.
- Capital One Bank.
- Chase Bank.
- Axos Bank.
- Discover Bank.
- Synchrony Bank.
- TD Bank.
- Regions Bank.
Capital One is the better option for banking due to typically higher interest rates on its bank accounts and a greater number of credit cards. But Wells Fargo makes sense if you want more in-person locations and a wider variety of banking services, including home loans, personal loans, and retirement accounts.
Super regional American banks include U.S. Bancorp, Bank of New York Mellon (BoNY), CapitalOne, KeyCorp, PNC Financial Services Group, and BB&T Corp.
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
How many people bank with Capital One?
About The Company
In less than a quarter century, Capital One has grown to be one of the nation's largest retail banks in the U.S., serving more than 100 million customers across a diverse set of businesses.
Who is Capital One owned by? Capital One is owned by Capital One Financial Corporation, a financial services holding company.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
- JPMorgan Chase.
- U.S. Bank.
- PNC Bank.
- Citibank.
- Wells Fargo.
- Capital One.
- M&T Bank Corporation.
- AgriBank.
- Charles Schwab: Great option if you can establish US residency.
- Chase Bank: Good overall bank but most accounts have monthly fees.
- Citibank: Global banking that makes it easy to move money internationally.
- HSBC Bank USA: Umpteen choices for the global citizen.
