$425M Capital One 360 Savings account class action settlement

Capital One agreed to pay $425 million to resolve claims it failed to raise interest rates on its 360 Savings accounts.

The Capital One 360 Savings account class action settlement benefits anyone who maintained a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025.

According to the class action lawsuit, Capital One failed to raise interest rates on its 360 Savings accounts despite raising rates on its 360 Performance Savings accounts. The bank allegedly concealed this information from account holders.

Capital One has not admitted any wrongdoing but agreed to a $425 million class action settlement to resolve the allegations.

Under the terms of the settlement, class members can receive a cash payment based on the amount of interest they would have earned if their accounts had paid the higher interest rate applicable to 360 Performance Savings accounts. Exact payment amounts will vary.

The settlement also includes $125 million in additional interest payments. Capital One will pay this additional interest to class members who maintain their 360 Savings accounts. Account holders who have closed their accounts or choose to close them before Oct. 2, 2025, will not receive the additional interest payments.

The deadline for exclusion and objection is Oct. 2, 2025.

The final approval hearing for the Capital One settlement is scheduled for Nov. 6, 2025.

No claim form is required to benefit from the Capital One 360 Savings account class action settlement. Class members who do not exclude themselves will automatically receive a settlement payment.

Class members can update their payment method on the settlement website to receive their payment electronically.

Who’s Eligible

Anyone who maintained a Capital One 360 Savings account at any time from Sept. 18, 2019, to June 16, 2025.

Potential Award

Varies

Proof of Purchase

N/A

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

10/02/2025

Case Name

In re: Capital One 360 Savings Account Interest Rate Litigation, Case No. 1:24-md-03111-DJN, in the U.S. District Court for the Eastern District of Virginia

Final Hearing

11/06/2025

Settlement Website

CapitalOne360SavingsAccountLitigation.com

Claims Administrator

Capital One 360 Savings Account Class Action Settlement
c/o Settlement Administrator
P.O. Box 4876
Portland, OR 97208-4876
888-832-2704

Class Counsel

Chet B. Waldman
WOLF POPPER LLP

Defense Counsel

David L. Balser
Jamie Dycus
John C. Toro
Robert D. Griest
KING & SPALDING LLP