Overview

• Current and former holders of Capital One 360 Savings accounts from Sept. 18, 2019 to June 16, 2025 are eligible for compensation under the deal.
• The $425 million package splits into $300 million for one-time payouts based on missed 360 Performance Savings rates and $125 million to fund higher interest for remaining 360 Savings accounts.
• A hearing for final approval is scheduled before the U.S. District Court in Alexandria, Virginia on Nov. 6, 2025.
• Settlement filings conflict over claims mechanics, with some reports saying payments are automatic unless customers opt out and others stating a formal claim must be filed by Oct. 2, 2025.
• The litigation arose from allegations that Capital One froze older 360 Savings rates near 0.3% while marketing them as high-yield and later offered up to 4.3% on a newer savings product without adequate notice to customers.