$425M Capital One 360 Savings Settlement — Payments Delayed
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Who Is Eligible?
You may be eligible to file a claim if you:
- You held a Capital One 360 Savings account at any point during the relevant time period covered by the settlement
- You were not moved to or offered the higher-rate 360 Performance Savings account and continued earning the lower legacy rate
- You are a U.S. resident who was a customer of Capital One's 360 Savings product (not the newer Performance Savings account)
- You received a class action notice from Capital One or were identified as a class member in the settlement records
- Note: Specific eligibility dates and exact qualification criteria are still being confirmed — check back for updates or use Class Action Buddy to stay informed
How Much Can You Get?
The total settlement fund is $425 million, making this a substantial payout for eligible Capital One 360 Savings account holders. Individual payment amounts will vary depending on how many valid claims are filed and how much interest each customer allegedly lost due to the lower rates. In general, customers who held larger balances over longer periods of time and earned less interest than they would have under the Performance Savings rate may receive higher payouts. Specific per-person payout amounts have not yet been publicly confirmed, and payments have been delayed. Once the settlement administrator finalizes the distribution plan, eligible claimants should receive their payments by check or direct deposit. Keep an eye on your email and mail for updates, and download Class Action Buddy to track the status of this and other settlements you may qualify for.How to File Your Claim
Filing your claim is quick and easy:
- Confirm you held a Capital One 360 Savings account during the covered period and were earning the lower legacy interest rate
- Check your email and postal mail for any official class action notice sent by Capital One or the settlement administrator — this may include a unique claim ID
- Gather any supporting documents, such as account statements showing your 360 Savings account balance and interest rate during the relevant period
- Visit the official settlement website (once confirmed) to complete and submit your claim form online or by mail
- Keep a record of your claim submission confirmation in case follow-up is needed
File this one with the administrator
Class Action Buddy does not file this settlement for you — use the official claim process above. What the app does do is watch the open settlements list and tell you when a new one matches your profile.
Frequently Asked Questions
How do I file a claim for the $425M Capital One 360 Savings Settlement — Payments Delayed?
File directly with the settlement administrator, using the official claim form linked on this page. Class Action Buddy does not support this settlement in the app, so the administrator’s own claim process is the route. Check whether the form asks for an ID or PIN from the notice you were sent before you start.
What is the Capital One 360 Savings class action settlement about?
The lawsuit claims Capital One misled customers by keeping interest rates on older 360 Savings accounts artificially low while quietly offering much higher rates to new customers through its 360 Performance Savings account. The $425 million settlement is meant to compensate customers who missed out on higher interest earnings.
Why are Capital One 360 Savings settlement payments delayed?
Settlement payments can be delayed for a number of reasons, including the court approval process, the time needed to review and validate claims, and administrative logistics for distributing funds to a large number of claimants. If you've already submitted a claim, no action is typically needed — you'll be notified when your payment is on the way.
Do I need proof to file a Capital One 360 Savings settlement claim?
You may need to provide documentation showing you held a Capital One 360 Savings account during the covered period, such as bank statements or account records. However, Capital One's own records may be used to verify eligibility for many customers. Check the official settlement website or use Class Action Buddy for the most up-to-date requirements.
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