$425M Capital One 360 Savings Account Interest Rate Settlement

Unsplash | Published: August 10, 2025

Deadline: October 2, 2025

Payout: Pro-rata Share

Proof required: Yes

What's the Capital One 360 Savings Account Interest Rate Settlement?

If you held a Capital One 360 Savings account you may be owed $5 or more from a new class action lawsuit against Capital One. Capital One has settled a class action over allegations that it paid lower interest rates on "360 Savings" accounts compared to its "360 Performance Savings" accounts, despite the accounts being otherwise similar.

According to the class action lawsuit, Capital One allegedly violated consumer rights by:

• Failing to Raise Interest Rates: It did not increase the interest rates on 360 Savings accounts to match the higher rates offered on its 360 Performance Savings accounts, despite the accounts being otherwise similar.

• Deceptive Marketing: It allegedly misrepresented the 360 Savings account as a high-yield savings product while concealing the existence of the 360 Performance Savings account and its higher interest rate.

• Lack of Transparency: Plaintiffs claimed Capital One did not adequately inform 360 Savings accountholders about the lower interest rates or the availability of the higher-yield 360 Performance Savings account.

What is the Total Settlement Amount?

The total settlement is $425 million, consisting of:

• $300 million for cash payments to class members.
• $125 million for future "Additional Interest" payments to those with open accounts.

How Do I Qualify for a Payout?

You may be eligible for a class action award if you held a Capital One 360 Savings account at any time between September 18, 2019, and June 16, 2025.

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?

• Payments will be based on the additional interest you would have earned if your 360 Savings account had the same rate as the 360 Performance Savings account.

• If your account is closed before October 2, 2025, your payment will be approximately 15% larger.

• If your account remains open, you will also receive future "Additional Interest" payments

What are the Payout Options?

Payments can be received via check or electronic transfer. If your payment is less than $5, you must choose electronic payment to receive it.

What are the Important Dates?

• Opt-Out/Objection Deadline: October 2, 2025.

• Final Approval Hearing: November 6, 2025.

How Do I File a Claim?

No claim filing is necessary. Payments will be automatic. To select electronic payment, visit the Capital One settlement website.

Is Proof Required to File a Claim?

No proof or claim form is required because there is no claim form. You can change your payment type or update your address on the official Capital One class action settlement website if you choose to do so. Payments will be automatically calculated and distributed. You must choose electronic payment by October 2, 2025, if desired.

Select Payment

Sources

• Select Payment Method
• Settlement Site
• Class Action 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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