Overview
- A federal court granted final approval to a $425 million settlement resolving claims that Capital One paid lower rates on legacy 360 Savings accounts, though the bank denies wrongdoing.
- Capital One must now apply the same interest rate to legacy 360 Savings and 360 Performance Savings accounts going forward.
- The class includes anyone who held a 360 Savings account at any time from September 18, 2019 through June 16, 2025.
- No claim form is required because payments will be calculated from Capital One’s records and sent automatically, with checks issued for $5 or more after an electronic payment window that closed on March 30, 2026.
- Payments are expected in mid to late 2026 if no appeal is filed, and the administrator warns recipients to ignore any request for Social Security numbers.