Had a Capital One Savings Account? You May Qualify for a Payout From a $425 Million Settlement

If you held a Capital One 360 Savings account between September 18, 2019, and June 16, 2025, you may be entitled to money from a $425 million settlement.

The settlement comes after allegations that Capital One failed to honor the high interest rates it advertised.

Instead, many longtime account holders were stuck earning just 0.3%, while new customers in the 360 Performance Savings account enjoyed rates as high as 4.3% during the Fed’s interest hikes.

Even though Capital One denied wrongdoing, it agreed to pay customers back.

Who Qualifies for a Payout?

You may be eligible if:

• You had a Capital One 360 Savings account open anytime from Sept. 18, 2019 – June 16, 2025

• You did not receive the higher interest rates advertised for newer accounts

• You’re a current or former U.S. resident customer

You can still qualify even if your account is already closed.

How Much Will You Receive?

Payments will depend on:

• How much you had in your account

• How long you kept it open

• How many customers file for payment

Here’s how the settlement will be distributed:

• $300 million for direct cash payments to eligible account holders

• $125 million to boost future interest for customers who keep accounts open

If you close your account before October 2, 2025, you could receive a one-time payout worth about 15% more than if you stayed, but you’ll lose the ongoing interest benefits.

Do You Need to File a Claim?

No—payments are automatic.
You only need to:

• Update your payment info at capitalone360savingsaccountlitigation.com

• Decide whether you want to close your account for a larger lump sum

Deadline to act: October 2, 2025

When Will Payments Arrive?

• A final court hearing is scheduled for November 6, 2025

• Payments are expected to go out within 60 days of approval

Key Takeaways

• Eligible period: Sept. 18, 2019 – June 16, 2025

• Total settlement: $425 million

• Deadline to update info or close account: October 2, 2025

• Final approval hearing: November 6, 2025

• Payments start: Likely by early 2026

Bottom line: If you had a Capital One 360 Savings account during the eligible period, you’re likely owed money.

No claim is required, but don’t miss the October 2 deadline if you want to adjust your payout.

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