Capital One Survey Reveals Holiday Shoppers Are Buying With Cash Or Debit

  Capital One Survey Reveals Holiday Shoppers Are Buying With Cash Or Debit

More than Half of Americans Also Plan To Make 2013 the Year to Save

PR Newswire

WILMINGTON, Del., Dec. 18, 2012

WILMINGTON, Del., Dec. 18, 2012 /PRNewswire/ --A new year, a new financial
outlook. What better way to end 2012 and kick off 2013 than by having an
action plan to get your savings in high gear and build that nest egg you've
longed for as much as getting into your skinny jeans. According to the fourth
annual holiday shopping survey from ING DIRECT (to be rebranded Capital One
360 in 2013), Americans are looking to cross one New Year's resolution off
their lists by being cash conscious with their holiday shopping. More than
three out of four Americans are purchasing gifts with cash or a debit card
this year and more than three out of five (63 percent) Americans are spending
the same on holiday gifts as they did last year.

(Logo: http://photos.prnewswire.com/prnh/20110825/NE58106LOGO )

Fattening up your Wallet in 2013

As the time honored tradition of making aspirational resolutions approaches,
70 percent of Americans ages 18 to 34, say they will start saving more when
the calendar turns to welcome the New Year. Overall, nearly half (49 percent)
of respondents are going to kick-start savings plans.

"This year's holiday shopper is taking the smartest approach to gift buying by
sticking to what they can afford and positioning themselves for a worry-free
start to 2013," said Jim Kelly, Head of Direct Bank, Capital One. "Even
better, people are making their financial resolutions before or during the
shopping season. Recognizing the invaluable benefits of proper budgeting is
critical and by focusing on savings, consumers can boast a fresh slate and
achieve the financial freedom they resolve to achieve in the New Year."

According to respondents who are making financial resolutions, 38 percent plan
on investing more for retirement and 33 percent will reduce or eliminate
credit card debt in 2013. The Orange Savings Account^SM and Kids Savings
Account have tools that help Customers plan and save for such goals:

  oMy Savings Goals: Customers can easily articulate their New Year's saving
    aspirations by creating customized nicknames for each goal they set up.
  oAutomatic Savings Plan: Set it and forget it. Customers can maximize
    their savings by having a fixed amount of money regularly transferred to
    any of their accounts.

With a positive savings forecast for 2013, 73 percent of Americans are
planning on saving more than in previous years. In addition, 60 percent will
start the year debt-free from the holiday spending season. By focusing on
spending less and building up an emergency fund, the year ahead for these
savvy Americans should make their next twelve months comfortable and
financially sound.

About the Survey

The national survey, fielded by ING DIRECT for a fourth consecutive year, was
conducted within the United States using ORC International's CARAVAN Omnibus
survey on November 23-25, 2012 among 1,000 adults using both landline and
mobile telephones. The margin of error for the survey is +/-0 3 percent.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $213.3 billion in deposits and $302.0 billion in total
assets outstanding as of September 30, 2012. Headquartered in McLean,
Virginia, Capital One offers 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 approximately1,000 branch
locations primarily in New York, New Jersey, Texas, Louisiana, Maryland,
Virginia and the District of Columbia. ING DIRECT, a division of Capital One,
N.A., offers direct banking products and services to customers nationwide. 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.

ING DIRECT is now a division of Capital One, N.A. ING Bank, fsb, and its
subsidiaries, including ShareBuilder Corporation, have been acquired by
Capital One. The trademarks ING, ING DIRECT, ING Lion, and the ING Lion logo,
alone or as a part of any trademark, logo, work or domain name are trademarks
of ING and are used by permission.

MEDIA CONTACT:
Laura DiLello
(302) 467-6449
ldilello@ingdirect.com

SOURCE ING DIRECT

Website: https://home.ingdirect.com