See who qualifies, when payments come
USA Today • • business
Key Points:
- Capital One will pay $425 million to settle a class action lawsuit alleging it misled customers about interest rates on its 360 Savings and 360 Performance Savings accounts.
- The lawsuit claimed Capital One paid higher interest rates on 360 Performance Savings accounts than on otherwise identical 360 Savings accounts since 2019, which the company denied.
- Eligible account holders are those who had a 360 Savings account between September 18, 2019, and June 16, 2025, and will receive payments automatically without needing to file a claim.
- Settlement payments will be individualized based on the difference in interest the account holder would have earned if their account had the higher 360 Performance Savings rate, with distributions expected around July 21.
- The settlement was finalized after a renegotiation earlier this year, following an initial rejection of the first agreement by a U.S. District Court judge.
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