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Capital One 360 Savings Account Interest Rate Settlement

The Settlement Administrator has not yet determined the amount of individual Class Cash Payments. Payments of $5 or more will be mailed by check unless electronic payment is elected; payments under $5 require electronic payment election.

Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was March 30, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Capital One allegedly failed to raise interest rates on its 360 Savings account to match the higher rates paid on the 360 Performance Savings account. The company allegedly deceptively marketed the 360 Savings account and concealed that it was no longer Capital One's high-yield online savings account and hid the existence of the higher-rate 360 Performance Savings account from 360 Savings accountholders.

Do you qualify?

Anyone who was a Capital One 360 Savings account holder at any time from September 18, 2019, through June 16, 2025. Payments are issued only to the primary accountholder listed on each 360 Savings account.

What you can claim

Read from the official settlement notice. Confirm the terms that apply to you on the administrator's site before filing.

  • Class Cash Payment

    All Settlement Class Members are automatically eligible to receive a Class Cash Payment for their share of the Settlement Fund without needing to file a claim form.

Who is in the class

If you are or were a Capital One 360 Savings account holder at any time from September 18, 2019, through June 16, 2025, you are eligible for benefits from a $425 million class action settlement.

Quoted from the settlement notice.

How to file

You do not need to file a claim form—all Settlement Class Members automatically receive a Class Cash Payment. You may optionally elect to receive your payment electronically instead of by check by March 30, 2026. If your payment is less than $5, you must elect electronic payment to receive it. To elect electronic payment, visit the Payment Selection page on the settlement website.

Common questions

How much does the Capital One 360 Savings Account Interest Rate Settlement pay?
Estimated payout: The Settlement Administrator has not yet determined the amount of individual Class Cash Payments. Payments of $5 or more will be mailed by check unless electronic payment is elected; payments under $5 require electronic payment election.. The total settlement fund is $425M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
What is the claim deadline for the Capital One 360 Savings Account Interest Rate Settlement?
This settlement is closed to new claims — the deadline was March 30, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Do I need proof of purchase for the Capital One 360 Savings Account Interest Rate Settlement?
No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
Is the Capital One 360 Savings Account Interest Rate Settlement notice real, or a scam?
Claims are filed at capitalone360savingsaccountlitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Capital One 360 Savings Account Interest Rate Settlement be sent?
Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for April 20, 2026; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

  • The People of the State of New York, by Letitia James
  • Jennie Meresak
  • Anthony Guest
  • Ayal Brenner
  • Diana Wise
  • Steve Lenhoff
  • Michael Krause
  • Michael J. Newman

+ 24 more

Defendants

  • Capital One, N.A.
  • Capital One Financial Corp.

Counsel for plaintiffs

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

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