If you held a Capital One 360 Savings account between September 18, 2019, and June 16, 2025, you may be due a payout from a $425 million class action settlement.
This stems from allegations that Capital One advertised high-yield savings interest but kept older accounts earning very low rates around 0.3%, while its newer 360 Performance Savings accounts reached 4.3%.
The Consumer Financial Protection Bureau reported that customers lost out on more than $2 billion in interest.
What the Settlement Includes
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$300 million allocated for automatic cash payments to eligible account holders
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$125 million set aside as ongoing interest for those who keep their 360 Savings account open
You might be missing out on benefits! Check what’s available to you here.
No Claim Needed, What You Should Do
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Payments are automatic—no claim forms required.
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Deadline: By October 2, 2025, you should update your payment info or choose the one-time payout option if you plan to close your account.
Extra for Early Closures
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If you close your account before October 2, you may receive a ~15% larger cash payout, but you’ll forfeit future interest payments. Keeping the account open entitles you to ongoing interest benefits instead.
What You Should Do Now
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Visit the official settlement site: capitalone360savingsaccountlitigation.com
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Update your contact or payment preferences to ensure smooth delivery
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If you're unsure of eligibility, check the site, it likely includes your info already
Legal Final Steps
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A final court hearing is scheduled for November 6, 2025
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Once approved, payouts are expected to start within about 60 days after approval
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