Capital One 360 Savings Account Class Action Settlement – $425 Million Fund for Eligible Account Holders
How Much Can You Receive?
Your payout depends on whether your Capital One 360 Savings account is open or closed as of October 2, 2025:
Closed Accounts (on or before Oct. 2, 2025):
One-time cash payment
Estimated to be 15% higher than open accounts
No future interest payments
Open Accounts (after Oct. 2, 2025):
One-time cash payment (slightly lower than those with closed accounts)
Additional interest payments credited over time until $125 million fund is exhausted
All class members are eligible for compensation — no claim form required.
About
If you held a Capital One 360 Savings account anytime between September 18, 2019, and June 16, 2025, you may be entitled to a cash payout and/or interest credits as part of a $425 million settlement.
A class action lawsuit accused Capital One of:
Failing to raise interest rates on 360 Savings accounts in line with newer 360 Performance Savings accounts
Not informing customers about higher-yield options
Misleading customers about the value of the original 360 Savings product
Capital One denies all wrongdoing, but agreed to the settlement to avoid prolonged litigation.
Important Dates
Oct. 2, 2025- Deadline to opt out or update payment method
Nov. 6, 2025- Final approval hearing
Early 2026- Payments begin approx. 60 days after approval & appeals resolved
Settlement Fund Breakdown
$300 million: Cash payments, legal fees, admin costs
$125 million: Interest credits for open accounts
$85 million: Attorneys’ fees
$5 million: Administration costs
$260,000: Service awards to class representatives
Who Qualifies?
You’re eligible if:
You held a Capital One 360 Savings account at any time from Sept. 18, 2019, to June 16, 2025
Your name is listed as a primary, joint, or co-holder on the account
You do not need to submit a claim
No action is needed to receive your payment, but:
Electronic payment is recommended, especially if your payout is under $5
Checks will only be issued for $5 or more, and only if you do not choose electronic payment
Use your unique ID and PIN from the settlement notice to select your payment method or update your address
📞 Didn't receive a notice? Call 1-888-832-2704 (toll-free) for help.
Don’t Miss Your Chance to Claim Compensation
If you had a Capital One 360 Savings account at any point between September 18, 2019, and June 16, 2025, you may be eligible for a cash payment — and if your account is still open after October 2, 2025, you could also receive ongoing interest payments from a $125 million fund.
📝 No claim form required
📲 Choose your payment method online using your unique ID and PIN
📞 Need help? Call 1-888-832-2704