Final Week to Claim Your Share of the $425M Capital One Settlement

Millions of Capital One customers may soon receive money back as part of a $425 million settlement over the bank’s handling of its 360 Savings accounts.

The settlement follows claims that Capital One froze interest rates on older savings accounts at 0.3%, while promoting new “360 Performance Savings” accounts with rates as high as 4.3%.

Customers alleged this practice cost them billions in lost interest earnings.

Although Capital One denies wrongdoing, it agreed to settle to resolve the class action lawsuit.

Related: Active FTC Refund Programs 2025: Check If You Qualify for a Payout

Who Is Eligible?

You may qualify if you:

• Had a Capital One 360 Savings account anytime between Sept. 18, 2019, and June 16, 2025

• Were a U.S. resident during that period

• Earned less interest than you would have with the newer account

Both current and former account holders can receive money.

How Much Could You Receive?

The exact amount varies, but the settlement aims to cover what customers should have earned if their accounts matched the rates on Capital One’s newer products.

• Some payments may be hundreds of dollars depending on account balance and length of time

• Customers who still hold a 360 Savings account will also see higher future interest, at least twice the national average, as set by the FDIC

How to Get Your Money

Unlike many class action cases, you don’t need to file a claim. Eligible customers will be contacted directly.

Steps to take:

1. Visit the official site: capitalone360savingsaccountlitigation.com

2. Make sure your contact and payment details are up to date

3. Decide whether to keep your account open for ongoing benefits, or close it for a one-time payout

Deadline: October 2, 2025

When Will Payments Arrive?

• The settlement requires court approval at a hearing scheduled for November 6, 2025

• Payments are expected within 60 days after approval

-

Don't miss out on money that's rightfully yours. Let us help you quickly search for unclaimed assets.

Start your free search now and see if you're owed a financial surprise!