Claim your cash now! Capital One $425 million settlement — here’s how to get paid
Capital One has agreed to a $425 million settlement for failing to inform customers about a higher-yield savings account.Summary
A $425 million settlement has been approved for Capital One customers affected by a lawsuit alleging the bank failed to inform them about a better savings account option. The case centered on the 360 Savings account, which was replaced by the 360 Performance Savings account in 2019. The original account continued to offer a lower interest rate of 1%, while the newer account paid 1.9%. Capital One has denied any wrongdoing, and the settlement was finalized by federal judge David Novak after being increased from an earlier proposal. Eligible customers who held a 360 Savings account between September 18, 2019, and June 16, 2025, will receive payments automatically, either by check or electronic transfer, with only the primary account holder eligible.
(Source：The Economic Times)