$425M Capital One 360 Savings Account Settlement Update (2026 Deadlines)
By Steve Levine
Unsplash | Published: Sept 29, 2025 | Updated: Jan 29, 2026
Deadline: March 30, 2026 (payment method selection, opt-out, objections)
Payout: Pro-rata cash payment (automatic)
Proof required: No (no claim form)
What’s the Capital One 360 Savings Account Settlement?
If you had a Capital One 360 Savings account at any time from September 18, 2019 through June 16, 2025, you may be included in a proposed class action 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.
Important: A prior settlement proposal was rejected at a court hearing on November 6, 2025. The current version is a revised settlement with updated 2026 deadlines.
What Is the Total Settlement Amount?
The revised settlement provides two main benefits:• $425 million settlement fund to pay 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 Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims: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.
• Opt-out deadline: March 30, 2026.
• Objection deadline: March 30, 2026.
• Final approval hearing: April 20, 2026 (11:00 a.m. EDT).
When Will Payments Go Out?
If the court grants final approval and the settlement becomes effective, payments are expected to be issued after that process is complete. Timing can vary, including if there are appeals.For current accountholders, the settlement provides an interest-rate match benefit that begins no later than a short period after the settlement becomes effective.
How Do I Choose Electronic Payment or Update My Address?
To choose electronic payment or update your address, use the official settlement portal. You may need your Unique ID and PIN from the notice sent to you.Select Payment / Update Address
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.
For more class actions keep scrolling below.
$25 Amazon Gift Card
Enter Here
Video Game Addicts Lawsuit
Deadline: Pending
Submit Claim
DraftKings & FanDuel Addiction Lawsuits
Status: Open
Submit Claim
Kids Using Roblox and Discord?
Pre-Qualify Here
Submit Claim
RoundUp Cancer Lawsuits: How to Qualify
Status: Open to Claims
Submit Claim
$5.5M Mid America Pet Food Settlement
Deadline: February 5, 2026
Submit Claim
$4.17M RevitaLash Conditioner Settlement
Deadline: April 20, 2026
Submit Claim
$87.5M Beef Prices Settlement
Deadline: June 30, 2026
Submit Claim
Dollar General Bait & Switch Settlement
Deadline: April 13, 2026
Submit Claim| Status | Proposed (Preliminarily Approved) |
|---|---|
| Who Qualifies | People or entities that maintained a Capital One 360 Savings account at any time from Sept. 18, 2019 through June 16, 2025 (payments issued to the primary accountholder). |
| Settlement Amount | $425,000,000 |
| Claim Form | No claim form required (payments are automatic based on Capital One records). |
| Payment Methods | Check (if $5 or more) or electronic payment. Under $5 is paid only if you choose electronic payment by the deadline. |
| Deadline to Choose Payment Method | March 30, 2026 |
| Opt-Out / Objection Deadline | March 30, 2026 |
| Final Approval Hearing | April 20, 2026 (11:00 a.m. EDT) |
| Settlement Website | Settlement Site |