Capital One $425M Settlement: How to Claim Your Cash

In-Depth Analysis

Capital One faced accusations of creating two savings accounts with similar names but vastly different interest rates. The lawsuit alleged that the bank did not adequately inform customers about these differences. The 360 Performance Savings account, launched in 2019, initially offered a competitive interest rate. However, as rates changed, the original 360 Savings account saw its yield plummet while the 360 Performance Savings rate increased significantly. The settlement requires Capital One to raise the interest rate on its 360 Savings account to match the yield on its 360 Performance account.

**How to Prepare:**

1. **Check Your Account History:** Review your past Capital One statements to determine if you held a 360 Savings account during the eligibility period. 2. **Monitor Your Mail:** Keep an eye out for a settlement payment in the coming months.

**Who This Affects Most:** Current and former Capital One customers who held a 360 Savings account between September 2019 and June 2025 are most directly affected.

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FAQ

Who is eligible for a payment?

Customers who held a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025.

How will I receive my payment?

Eligible customers should receive payments automatically within the next month or two.

How much will I receive?

Payment amounts will vary based on how long you held your account, how much money you had in the account, and how many customers are ultimately included in the class.

Takeaways

If you were a Capital One 360 Savings account holder between Sept. 18, 2019, and June 16, 2025, you are likely eligible for a payment.
Payments should arrive automatically within the next few months.
Capital One is also required to raise interest rates on the 360 Savings account to match the 360 Performance Savings account.

Discussion

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Sources

Judge Approves $425M Capital One Settlement Deal – Here's How Much You'll Get $425M Capital One settlement gets final green light — here’s how to claim your cash Capital One's $425m settlement approved - and checks are coming next month

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