Published
September 29, 2025
Updated
July 23, 2026
If you held a Capital One 360 Savings account any time from 2019 to 2025, you are automatically part of this $425 million settlement — no claim form to file. Payments were set for July 21, 2026, but a class member has appealed the approval, substantially delaying them.
What’s the Capital One 360 Savings Account Settlement?
A federal judge has approved a $425 million class action settlement over allegations that Capital One paid lower interest on its older 360 Savings accounts while quietly offering a higher-yield 360 Performance Savings account to newer customers. If you had a Capital One 360 Savings account at any time from September 18, 2019 through June 16, 2025, you are included in the settlement.The lawsuit alleges Capital One kept the interest rate on 360 Savings lower than the interest rate on its 360 Performance Savings account, and did not clearly disclose the difference while marketing 360 Savings as a high-yield product. A prior settlement proposal was rejected at a court hearing on November 6, 2025; the revised version was approved at the April 20, 2026 final approval hearing.
Update: Payments Delayed by an Appeal
The automatic payments were expected on or about July 21, 2026. That date has slipped: a class member filed an appeal of the final approval order on June 18, 2026, asking a higher court to undo the settlement and send the case back to litigation. Appeals from the Eastern District of Virginia go to the U.S. Court of Appeals for the Fourth Circuit.According to the settlement administrator, while the appeal is pending, any payments from the settlement fund — and the interest-rate-match benefit for current accountholders — will be substantially delayed, potentially by more than a year, until the appeal is resolved. No new payment date has been set. There is nothing eligible class members need to do in the meantime; payments remain automatic, and the class member selection/opt-out windows have already closed.
Status
Approved — On Appeal
final approval April 20, 2026; appealed June 18, 2026
Payment Date
Delayed by appeal
July 21, 2026 date pushed back — no new date set
Settlement Fund
$425,000,000
plus a rate-match benefit for current 360 Savings holders
Claim Required
No — Automatic
checks not issued for amounts under $5 unless e-payment was selected
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What Is the Total Settlement Amount?
The revised settlement provides two main benefits:• $425 million settlement fund: cash payments to current and former 360 Savings accountholders.
• Interest rate match benefit: for current 360 Savings accountholders, designed to treat 360 Savings accountholders the same as 360 Performance Savings accountholders for at least two years after the settlement becomes effective.
Who Qualifies?
You may be included if you maintained a Capital One 360 Savings account at any time during the class period:• Class period: September 18, 2019 through June 16, 2025.
• Includes current and former accountholders, including joint and co-holders (payments are issued only to the primary accountholder on the account).
How Much Can I Get Paid?
Cash payments are expected to be based on the approximate additional interest you would have earned if your 360 Savings account paid the interest rate applicable to the 360 Performance Savings account during the class period.The settlement administrator has not yet determined individual payment amounts. If you want to make sure you receive your payment, consider selecting electronic payment.
How Do Payments Work?
No claim form is required. Payments are automatic for eligible class members based on Capital One’s records.• If your payment is $5 or more and you do not choose electronic payment, a check is expected to be mailed to your last known address.
• If your payment is less than $5, you will only receive it if you select electronic payment by the deadline.
What Are the Important Dates?
• Deadline to choose electronic payment / update address: March 30, 2026 (passed).
• Opt-out deadline: March 30, 2026 (passed).
• Objection deadline: March 30, 2026 (passed).
• Final approval: Granted on April 20, 2026.
• Appeal filed: June 18, 2026, by a class member challenging the settlement.
• Original payment date: On or about July 21, 2026 — now delayed by the appeal.
When Will Payments Go Out?
Payments were originally expected on or about July 21, 2026. Because a class member appealed the final approval order on June 18, 2026, the administrator says payments will be substantially delayed — potentially by more than a year — until the appeal is resolved. No new payment date has been announced.Checks will not be mailed for amounts under $5. Class members owed less than $5 needed to elect electronic payment before the March 30, 2026 deadline in order to be paid.
For current accountholders, the settlement also provides an interest-rate match benefit that begins no later than a short period after the settlement becomes effective.
Where Can I Check on My Payment?
The payment-method selection and address-update window closed on March 30, 2026. For payment status updates and other information, use the official settlement portal. You may need your Unique ID and PIN from the notice sent to you.If you also held a high-yield savings account elsewhere, you may qualify for a separate interest-related case — see our coverage of the HSBC Direct Savings Account interest settlement, where customers who made ACH deposits through HSBC's online portal can file a claim by August 20, 2026.
Frequently Asked Questions
Do I need to file a claim for the Capital One 360 Savings settlement?
No. Payments are automatic for eligible class members based on Capital One’s records. There is no claim form to submit.
Who qualifies for the Capital One 360 Savings settlement?
People or entities that maintained a Capital One 360 Savings account at any time from September 18, 2019 through June 16, 2025, including current and former accountholders. Payments are issued to the primary accountholder.
When will Capital One 360 Savings settlement payments go out?
Payments were expected on or about July 21, 2026, but a class member appealed the final approval order on June 18, 2026. The administrator says the appeal will substantially delay any payments — potentially by more than a year — until it is resolved. No new payment date has been set.
How much will the Capital One 360 Savings payment be?
Cash payments are expected to be based on the approximate additional interest you would have earned if your 360 Savings account paid the 360 Performance Savings rate during the class period. The administrator has not announced individual amounts. Checks are not issued for amounts under $5 unless electronic payment was selected.
Sources
• Payment Selection / Update Address• Official Settlement Website
• Official FAQ
• Important Documents
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website. OpenClassActions.com is a consumer advocacy and class action news site, and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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Settlement Amount
$425,000,000
Case Title
In re Capital One 360 Savings Account Interest Rate Litigation
Court
U.S. District Court, E.D. Virginia
Final Approval Hearing
Granted April 20, 2026
Appeal Filed
June 18, 2026
class member challenging the settlement
Expected Payment Date
Delayed by appeal
July 21, 2026 date pushed back; no new date set
Official Website
Capital One 360 Savings Account Litigation.com
