Capital One $425 Million 360 Savings Settlement: Eligibility and Claims

The Capital One class action settlement resolves claims that the bank kept interest rates on legacy 360 Savings accounts low while offering a higher-rate “360 Performance Savings” product to new customers. The settlement has been widely reported at $425 million.

Who Is Eligible for the Capital One Settlement?

The settlement class generally covers customers who held a Capital One 360 Savings account during the relevant period. Class members are typically identified from Capital One’s own records and notified directly by the settlement administrator by email or mail.

Do I Need to File a Capital One Settlement Claim?

In many bank settlements, current account holders are paid automatically while former customers may need to confirm or update payment information. Read your settlement notice carefully — it will state whether a claim form is required and list the claims deadline.

Capital One Settlement Payout Date

Payouts follow final court approval. The amount each person receives depends on their account balances and how long they held the account during the class period. For the current payout status, check the official settlement website named in your notice.

This article is informational only and not legal or financial advice. Verify details with the official settlement administrator.