--- title: Capital One Must Pay Out $425 Million in Class-Action Settlement. Here's Who's Eligible description: Capital One customers may be eligible for a payout after a judge approved a $425 million settlement in a lawsuit over 360 Savings accounts. authors: - name: Liliana Hall role: Reporter url: https://money.com/author/liliana-hall/ bio: Liliana Hall joined Money in 2025. She is an Austin-based reporter for Money, where she covers a range of topics, including financial news, policy, banking, investing, passive income, financial planning and student loan debt. education: University of Texas at Austin at_money_since: 2025 articles: 133 covers: - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Retirement - Shopping - Taxes social: - https://x.com/lilihallllllll - https://www.linkedin.com/in/liliana-hall/ editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2026-04-27T12:19:13.000Z' section: Banking tags: - News word_count: 398 canonical: https://money.com/capital-one-settlement-eligibility/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo of a capital one bank](https://img.money.com/2026/04/News-Capital-One-Classaction-Lawsuit.jpg) Millions of Capital One customers may be eligible for a payout after a judge approved a $425 million class-action settlement against the bank. The lawsuit [alleged](https://capitalone360savingsaccountlitigation.com/Content/Documents/Plaintiff%27s%20Complaint.pdf) that Capital One failed to raise interest rates on its 360 Savings accounts in line with rates offered on its newer 360 Performance Savings accounts once the latter launched in [2019](https://ag.ny.gov/press-release/2025/attorney-general-james-sues-capital-one-bait-and-switch-tactics-cost-customers#:~:text=However%2C%20beginning%20in%20September%202019,paid%20much%20higher%20interest%20rates.). It also claimed the bank marketed the older accounts as high-yield options while failing to clearly disclose that a higher-interest account existed. At one point, the annual percentage yield (APY) on 360 Performance Savings accounts was 4.3%. The APY on 360 Savings accounts was 0.3%. “Capital One assured high returns with no catches, then pulled the rug out from under their customers and hoped nobody would notice,” New York State Attorney General Letitia James said in May 2025 when [announcing](https://ag.ny.gov/press-release/2025/attorney-general-james-sues-capital-one-bait-and-switch-tactics-cost-customers) the lawsuit. ## Having your identity stolen may come at a high cost ### With Aura in your corner, you'll have the proper software to protect your every online move. Nowadays, we all need Identity Theft Protection. Find yours by clicking on your state below. [View Plans](https://money.com/pr/gd041a90dab2?ap_referrer=%2Fcapital-one-settlement-eligibility%2F&apxa1=capital-one-settlement-delay-appeal) Capital One has denied any wrongdoing. The settlement comes after nearly two years of litigation. A U.S. District Court judge initially [rejected an agreement](https://www.reuters.com/legal/government/us-judge-rejects-capital-one-425-million-settlement-with-depositors-2025-11-07/?gad_source=1&gad_campaignid=22314562799&gbraid=0AAAAA-mwunFdC7QCiWS2VFob-VFXcaJJS&gclid=CjwKCAjwqazPBhALEiwAOuXqdB0__EUCiodFP6FK6OeO0BJsrVY0Tq1sRMzQvEgiiUtTiKBsProIkBoCFQYQAvD_BwE) in November, saying it did not adequately compensate account holders. The deal was renegotiated earlier this year, and Judge David Novak of the Eastern District of Virginia issued final approval of the settlement on [Monday](https://www.wolfpopper.com/news/wolf-popper-llp-secures-final-approval-of-settlement-valued-at-over-12-billion-in-capital-one-360-savings-interest-rate-litigation). ## Who qualifies for the Capital One settlement? Anyone who held a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025, is eligible for payouts, according to the settlement [website](https://capitalone360savingsaccountlitigation.com/Home/). Eligible customers were not required to file a claim to receive payment but did have to choose a payment method by March 30. Those who did not make a selection will receive a check if their payment is $5 or more. Payments will be issued only to the primary account holder on eligible 360 Savings accounts and will vary based on the interest that would have been earned if funds had been held in a 360 Performance Savings account. The amount will depend on several factors, including how long the account was held, account balances and the number of eligible customers sharing the $425 million settlement fund. If no appeal is filed, payments are expected to be issued on or around July 21. ### Includes VPN & password manager ![View Plans](https://s3.consumersadvocate.org/prd/image/image/29035/medium_031b14e8-19d0-4ec7-b6f0-04e29d54e75a.png) Our Partner [View Plans](https://money.com/go/6347e54e7b9f?bidid=4059358931&pmeta=p129-c590-u23759&ptid=665364420&ptoken=c54030f7c5639b2abbda47b10d338e0c&apxa1=capital-one-settlement-delay-appeal) ### Comprehensive 3-bureau monitoring system ![View Plans](https://s3.consumersadvocate.org/prd/image/image/22930/medium_1cbc8db8-3f08-443a-9212-ffc20f3572c5.png) Our Partner [View Plans](https://money.com/go/390bf98380c7?bidid=4059358928&pmeta=p129-c590-u23759&ptid=665364420&ptoken=331ed2fcaf6e1d7e495daafbcb2b8fe0&apxa1=capital-one-settlement-delay-appeal) ### Over 40 years of experience in the field ![View Plans](https://s3.consumersadvocate.org/prd/image/image/29533/medium_0d1a7abe-469a-4c92-bc75-b14db9a97c71.png) Our Partner [View Plans](https://money.com/go/206b51ae50c7?bidid=4059358925&pmeta=p129-c590-u23759&ptid=665364420&ptoken=c5edb45de1751ee53f9acab2eb2413d1&apxa1=capital-one-settlement-delay-appeal) ![View Plans](https://s3.consumersadvocate.org/prd/image/image/39603/medium_19e58401-022f-4bdc-bc08-ac1e419ddcdf.webp) [View Plans](https://money.com/go/9808516c3951?bidid=4059358940&pmeta=p129-c590-u23759&ptid=665364420&ptoken=43008b18c09bbe4b85f31fc513136dce&apxa1=capital-one-settlement-delay-appeal) ![View Plans](https://s3.consumersadvocate.org/prd/image/image/38916/medium_94286108-57cf-442c-8244-b54cf4d80c68.webp) Our Partner [View Plans](https://money.com/go/ca21a0bfbe92?bidid=4059358934&pmeta=p129-c590-u23759&ptid=665364420&ptoken=8f6dfd0c0c1570430195cbbc24f361f8&apxa1=capital-one-settlement-delay-appeal) ![](https://s3.consumersadvocate.org/prd/image/image/29035/medium_031b14e8-19d0-4ec7-b6f0-04e29d54e75a.png) Protect yourself from the threat of Identity Theft with Aura [View Plans](https://money.com/pr/ce5c60e9ca63?ap_referrer=%2Fcapital-one-settlement-eligibility%2F&apxa1=capital-one-settlement-delay-appeal) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/capital-one-settlement-eligibility/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Capital One Must Pay Out $425 Million in Class-Action Settlement. 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