Particle.news
Download on the App Store
5 ARTICLES
·
last wk.

Capital One’s $425 Million Savings-Rate Settlement Wins Final Court Approval

Eligible customers will receive automatic payments this summer based on lost interest.

Image
Capital One stock is down over 20% year to date.
Image

Overview

  • A federal judge approved the $425 million settlement over lower interest paid on legacy 360 Savings accounts, and Capital One denies wrongdoing.
  • The class includes anyone who held a 360 Savings account between September 18, 2019 and June 16, 2025.
  • Payments will be automatic and calculated from the gap between what 360 Savings paid and the higher 360 Performance Savings rate.
  • Most outlets say distributions are planned for summer 2026, with many citing late July, and any appeal would delay payouts.
  • The agreement also requires Capital One to match the interest rate on legacy 360 Savings accounts to the 360 Performance Savings rate going forward.