Who Qualifies
The settlement class includes anyone who maintained a Capital One 360 Savings account at any point between September 18, 2019, and June 16, 2025. Eligible account holders will receive automatic payments without needing to file a claim.
What the Lawsuit Alleged
The class action lawsuit claimed Capital One deceptively marketed 360 Savings accounts and concealed interest rate disparities. Plaintiffs alleged the two account types were identical except for interest rates, with Capital One paying higher rates on 360 Performance Savings accounts since 2019 despite the accounts being otherwise the same. Capital One denied these claims.
How Payment Amounts Are Calculated
Each settlement class member will receive an individualized payment. The total is 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. The remaining settlement fund after costs and expenses are deducted will be split among recipients based on their individual amounts.
Settlement Timeline
A U.S. District Court judge issued final approval of the settlement on April 20, 2026, months after the court rejected the first settlement agreement in late 2025. The settlement was renegotiated earlier in 2026 before receiving final approval. Payments are expected to be sent around July 21, 2026.
Settlement Resolution
Capital One has denied the claims in the lawsuit and any allegations of wrongdoing. Both the company and plaintiffs agreed to the settlement to avoid going to trial. 
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