For parents looking for financial products designed for young adults, ING DIRECT USA offers MONEY, a teen checking account with no fees and no minimum balance required. It provides a debit card where both teens and their parents receive text alerts each time a transaction is made. Capital One's Journey Student Rewards Card helps young adults build credit responsibly by offering an additional 25 percent bonus on the cash earned each month for paying their bills on time. It also offers an interactive online tool that helps them keep track of their credit history.
Braun Research was engaged to conduct 1,024 interviews with 510 parents of teenagers age 11-17 and 514 teenagers age 11 to 17 across the United States. Surveys were conducted by telephone from July 6th through July 9th, 2012. The margin of error for the interview is plus or minus 3.34 percentage points. Interviews were monitored at random. Sampling for this study was conducted across the United States using a national probability sample of all exchanges and area codes of households with someone age 11-17 living there. All interviews were conducted using a computer assisted telephone interviewing system. Statistical weights were designed from United States Census Bureau statistics.
About Capital One Capital One Financial Corporation ( http://www.capitalone.com/) is a financial holding company whose subsidiaries, which include Capital One, N.A., Capital One Bank ( USA), N. A., and ING Bank, fsb, had $213.9 billion in deposits and $296.6 billion in total assets outstanding as of June 30, 2012. Headquartered in McLean, Virginia, Capital One and ING DIRECT offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.SOURCE Capital One