Archive · 2 Oct 2025
Capital One $425M Settlement: Deadline, Eligibility, and Claims
Imagine Capital One promised you a good interest rate on your savings account, but then kept the rates low.
People sued Capital One because they felt they were cheated out of earning more money.
The bank agreed to pay $425 million to make things right.
Customers with a 360 Savings account between 2019 and 2025 can get money.
The deadline to claim is coming up.
You don't have to do anything, you will get your payment if you are eligible!
You can choose to receive the money electronically or by check.
Some customers will get more money if they closed their accounts already or do so before the deadline.
The court needs to approve the agreement in November.
Capital One is offering a $425 million settlement.
The settlement resolves lawsuits regarding frozen interest rates on 360 Savings accounts.
Customers with accounts between September 2019 and June 2025 are eligible.
October 2nd is the deadline to claim the settlement.
The settlement includes a cash payment and increased future interest payments.
- Who
- Capital One customers with 360 Savings accounts.
- What
- A $425 million settlement for customers due to frozen interest rates.
- When
- October 2nd is the deadline to claim.
- Where
- United States Federal Court in Virginia.
- Why
- Capital One allegedly froze interest rates on savings accounts, causing customers to lose money.
- Settlement Amount
- $425 million
- Affected Accounts
- Capital One 360 Savings accounts
- Eligibility Period
- September 18, 2019 - June 16, 2025
- Claim Deadline
- October 2
- Source of Lawsuit
- Class action lawsuit, CFPB, and Attorney General
- Cash Payment Fund
- $300 million