Capital One Settles $425M Savings Account Suit

Judge Approves $425M Settlement Against Capital One for Savings Account Interest Rates Capital One has been ordered to pay a $425 million settlement in a class action suit over savings account interest rates. The bank had been paying less on the original 360 Savings account, even though it worked the same as the high-yield 360 Performance Savings account introduced in 2019. Customers who held a 360 Savings account from September 18, 2019, to June 16, 2025, are eligible for the settlement, including joint holders. Payouts will go to the primary account holders. No need to file a claim; youre automatically included unless you opted out by March 30, 2026. Expect checks or electronic payments around July 21, 2026. Both accounts now offer the same 3.20% APY, benefiting ongoing savers. Check your statements for your share of the settlement. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/83d832e9f279202b