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Public case information

Capital One 360 Savings Interest Rate Class Action Settlement

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Capital One · Capital One 360 Savings accounts · Settlement Reached

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About this case

Customers alleged that Capital One deceptively marketed 360 Savings accounts and concealed that they paid lower interest rates than otherwise similar 360 Performance Savings accounts. Capital One denied wrongdoing, and the parties reached a $425 million settlement that received final court approval in April 2026.

Case overview

Defendant company
Capital One
Product or service
Capital One 360 Savings accounts
Court case number
1:24-md-03111-DJN
Case status
Settlement Reached
Lawsuit type
Consumer
Reported harm
Misrepresentation

Important dates

Automatic settlement payment
Settlement payment process

Participation information

Availability is based on each listed participation option and its deadline.

Automatic settlement payment

The settlement applies to people who were or are Capital One 360 Savings account holders at any time from September 18, 2019, through June 16, 2025.

No claim form is required. Class members are automatically eligible for a cash payment. The deadline to select electronic payment was March 30, 2026. Members who did not select electronic payment and whose payment is at least $5 are to receive a mailed check; payments below $5 are available only to members who selected electronic payment.

Type
Settlement Claim
Status
Deadline passed
Total settlement amount
$425,000,000
Payout
Individual payments depend on account balances and the additional interest the account may have earned. The settlement administrator had not determined the individual payment amounts.
Reported proof requirement
No
Official settlement information

Settlement payment process

Primary account holders who held a Capital One 360 Savings account between September 18, 2019, and June 16, 2025, were included in the settlement class.

No claim was required to receive a payment. Eligible account holders had to select an electronic or paper-payment option by March 30, 2026; that deadline has passed.

Type
Settlement Claim
Status
Deadline passed
Total settlement amount
$425,000,000
Payout
Payments are based on the interest account holders would have earned if their 360 Savings accounts had paid the applicable 360 Performance Savings interest rate, after attorneys' fees and other court and administrative costs. Paper checks under $5 will not be issued.
Reported proof requirement
No

Capital One 360 Savings Settlement Payment

The settlement class includes people who maintained a Capital One 360 Savings account at any time from September 18, 2019, through June 16, 2025.

Type
Settlement Claim
Status
Unknown
Total settlement amount
$425,000,000
Payout
Payments are individualized and are calculated based on the interest the account holder would have earned if the account had received the same interest rate as a 360 Performance Savings account.
Reported proof requirement
Unclear

Automatic settlement payment process

The article states that consumers who had a Capital One 360 Savings account at any time from mid-September 2019 through mid-June 2025 are eligible for settlement funds.

The article states that eligible consumers do not need to submit a claim.

Type
Other
Status
No action required
Total settlement amount
$425,000,000
Payout
Each payment will be individualized based on the interest the account holder would have received if the account had earned the 360 Performance Savings rate, less settlement costs and expenses.
Reported proof requirement
No

Automatic settlement payment

The settlement class includes people who maintained a Capital One 360 Savings account at any time from September 18, 2019, through June 16, 2025.

No claim filing is required. Eligible class members will receive payments automatically.

Type
Settlement Claim
Status
No action required
Total settlement amount
$425,000,000
Payout
Each payment will be individualized based on the interest the account holder would have earned at the applicable 360 Performance Savings rate, subject to deductions and allocation under the settlement.
Reported proof requirement
No

Automatic settlement payment

The settlement covers customers who had a Capital One 360 Savings account at any time from September 18, 2019, through June 16, 2025, subject to the settlement terms.

No claim is required; covered customers will be paid automatically.

Type
Settlement Claim
Status
No action required
Total settlement amount
$425,000,000
Payout
Payments vary based on each customer's account history. Payments were expected to be sent around July 21.
Reported proof requirement
No

Capital One Settlement Claim

Some Capital One account holders may qualify for a cash payment under the settlement; the available text does not specify the eligibility requirements.

Type
Settlement Claim
Status
Unknown
Total settlement amount
$425,000,000
Payout
Cash payments may be available to qualifying account holders.
Reported proof requirement
Unclear

This information does not determine whether you qualify for a case.

Sources

Public reporting associated with this case.