Capital One $425M 360 Savings Class Action Settlement Tracker
No fixed payout per person: Class Cash Payments are based on the interest your 360 Savings account would have earned at the 360 Performance Savings rate. Final approval is granted but an appeal is pending - no cash has been sent yet. Since August 4, 2026, Capital One already pays 360 Savings holders the higher rate. This page tracks status and eligibility.
How much will my payout be? There is no fixed per-person amount. Your Class Cash Payment from the $425 million fund is based on the approximate interest your 360 Savings account would have earned if it had paid the 360 Performance Savings rate during your holding period - larger balances held longer receive more. Payments have not been sent yet: an appeal of the final approval order is pending, and checks go out only after the settlement's Effective Date. Separately, since August 4, 2026 Capital One already pays 360 Savings accounts the higher 360 Performance Savings rate.
⏳ Final approval granted — appeal pending, payments not sent yet
Your Case Details
Answer a few questions to see your estimated range.
Heavier use = larger share of distribution funds.
Estimated Per-Claimant Payout
$63 — $117
Class action distributions depend on how many people claim. The fewer claimants per fund, the higher each payout. This estimate uses average claim rates.
Editorially Reviewed — Content reviewed for accuracy using published legal research, government data, and verified court records. See our methodology
Reviewed by Leonard Goldberg, Editor
The $425M Capital One 360 Savings Class Action — What Happened
Beginning September 18, 2019, Capital One launched 360 Performance Savings, a new high-yield account, while quietly leaving 360 Savings account holders on the old, much lower interest rate. The two products had nearly identical names but very different yields.
Class members are customers who held a Capital One 360 Savings account at any time from September 18, 2019 through June 16, 2025 and did not automatically receive the higher 360 Performance Savings rate. The lawsuit alleged that Capital One breached its account agreement and engaged in deceptive practices by not informing 360 Savings customers about the higher-rate product.
The renegotiated settlement created a $425 million fund that pays administration, notice, court-approved fees and service awards - and Class Cash Payments to members, sized by the approximate interest each 360 Savings account missed compared to the 360 Performance Savings rate. Going forward, no later than 14 days after the settlement's Effective Date, Capital One must pay 360 Savings holders the 360 Performance Savings rate permanently (it began doing so on August 4, 2026) and must keep both accounts available for at least two years. Case: In re: Capital One 360 Savings Account Interest Rate Litigation, No. 1:24-md-03111-DJN (E.D. Va.). Official site: capitalone360savingsaccountlitigation.com.
Example Payout Profiles
No payments have been sent yet, so there are no real recipient reports. These profiles show <em>illustrative arithmetic only</em> - missed interest is roughly your average balance x the rate gap between 360 Savings and 360 Performance Savings x the time you held the account. Your actual amount depends on the administrator's formula and deductions from the fund.
Profile 1 — Small Closed Account
Held 360 Savings 2019–2022 with an average balance around $1,500. Account closed before settlement finalization.
Illustrative math (not a promise): ~$1,500 average balance x a rate gap of a few percentage points x ~3 years = a modest double-digit to low three-figure amount, paid by check or electronic payment after the appeal resolves.
Check if this is your situation →Profile 2 — Mid-Range Active Account
Average balance around $20,000 held 2019–2024, still open at finalization.
Illustrative math: a five-figure balance held for several years misses meaningfully more interest - expect several hundred dollars by the same arithmetic, plus the account already earns the higher rate since August 4, 2026.
Check if this is your situation →Profile 3 — Large Long-Held Balance
Balance frequently above $100,000 held continuously 2019–2024, still open.
Illustrative math: large balances held through most of the 2019–2025 class period missed the most interest - four figures is plausible by the same arithmetic. Actual amounts depend on the administrator's formula and court-approved deductions.
Check if this is your situation →Profile 4 — Former Holder, Address Outdated
Closed 360 Savings in 2021, moved twice, never updated address with Capital One.
Eligible — payment not sent yet (appeal pending). Action: use “Payment Selection / Update Address” on capitalone360savingsaccountlitigation.com so the payment reaches you once distributions begin.
Check if this is your situation →Profile 5 — 360 Performance Savings Only
Opened 360 Performance Savings in 2020; never had legacy 360 Savings.
Not eligible. Class definition covers 360 Savings (legacy) holders only — 360 Performance Savings customers were already on the higher rate.
Check if this is your situation →Current Payment Status (August 2026)
Distribution buckets and current state as reported by the settlement administrator and public filings.
Source: capitalone360savingsaccountlitigation.com - the court-appointed administrator for In re: Capital One 360 Savings Account Interest Rate Litigation, No. 1:24-md-03111-DJN (E.D. Va.).
Who Was Eligible?
You were a class member if ALL of the following applied:
- You held a Capital One 360 Savings account (the legacy product, not 360 Performance Savings)
- Your account was open at any time from September 18, 2019 through June 16, 2025
- You did not automatically receive the higher 360 Performance Savings APY during that period
No claim form was required. Capital One identified eligible accounts from its own records and sent payments automatically to current account holders or to the address/account on file for closed accounts. If you closed your 360 Savings account before payment, eligibility still applied — but reaching you required Capital One’s records to be current.
Capital One $425M vs Capital One $190M Data Breach — Don’t Mix These Up
Two completely different Capital One class actions. People search for one and land on the other constantly. Here’s the side-by-side so you know which one applies to you.
| $425M 360 Savings | $190M Data Breach | |
|---|---|---|
| Who qualifies | Anyone with a Capital One 360 Savings account open on/after Sept 18, 2019 | ~98M consumers / 6M small businesses whose data was exposed in the 2019 Capital One data breach |
| Fund size | $425M total ($300M pro-rata + $125M additional interest) | $190M settlement fund (separate) |
| Distribution timing | Final approval granted; appeal pending — no cash payments sent yet | Claim deadline passed Sept 30, 2022; distributions on a separate schedule |
| Claim form | Paid from common fund; no claim form required | Required claim form for reimbursement of out-of-pocket losses and credit-monitoring hours |
| Filing deadline | No claim form (automatic from Capital One's records); select payment method on the official site | Claim deadline was September 30, 2022 |
| Official site | capitalone360savingsaccountlitigation.com | capitalonesettlement.com (the separate 2019 data-breach case) |
How Payouts Were Calculated
Two separate payout buckets:
- $300M pro-rata fund — distributed across all class members based on (a) the average daily balance held in 360 Savings during the class period and (b) the time-weighted interest-rate gap between 360 Savings and 360 Performance Savings.
- $125M additional interest — credited only to people who still held a 360 Savings account when the settlement was finalized, on top of the pro-rata share.
Because amounts depended on balance and length of time held, payouts varied widely — small balances received modest checks; larger long-held balances received materially larger amounts.
| Account Status | Allocation | Delivery |
|---|---|---|
| Closed 360 Savings before settlement | Pro-rata share of $300M only | Mailed to last-known address / ACH |
| Still held 360 Savings at finalization | Pro-rata share + $125M interest credit | Credited to active account |
| Never held 360 Savings (or only had 360 Performance Savings) | Not eligible | $0 |
Settlement Timeline
- 1
September 18, 2019: 360 Performance Savings Launched
Capital One quietly rolled out 360 Performance Savings at a higher APY while leaving existing 360 Savings customers on the lower legacy rate. The two products had nearly identical names and were offered side by side.
- 2
2024–2025: MDL Consolidated, First Settlement Proposed
Putative class actions are consolidated as an MDL in the Eastern District of Virginia (No. 1:24-md-03111-DJN). A first proposed settlement - $300M fund plus $125M in additional go-forward interest - is negotiated without any admission of wrongdoing.
- 3
First Deal Rejected — Enhanced $425M Settlement
The Court does not approve the first proposed settlement and directs the parties to renegotiate. The new $425 million settlement provides more money to the class than the first proposal. Class members are identified automatically from Capital One's records - no claim form is required.
- 4
Final Approval Granted — Appeal Filed
The Court certifies the settlement class (holders of a 360 Savings account at any time from September 18, 2019 through June 16, 2025) and enters a Final Approval Order and Judgment. An appeal of that order is filed, which delays the settlement's Effective Date - and with it, all Class Cash Payments.
- 5
August 4, 2026: Rate Increase Live — Cash on Hold
Consistent with the settlement's terms, Capital One begins paying 360 Savings holders the 360 Performance Savings interest rate - even though the Effective Date has not occurred. Class Cash Payments remain on hold until the appeal is resolved. There is no published payment date; the official administrator site lets you select a payment method and keep your address current.
Why This Case Matters
The Capital One 360 Savings case is one of the largest account-naming / interest-rate class actions ever — distinct from the separate $190M Capital One Data Breach settlement (2022). It set a precedent that banks cannot quietly launch a higher-yield successor product without informing existing legacy-product holders. Related ongoing fintech / banking cases: Wells Fargo $56.85M CARES Act (FCRA forbearance reporting), BCBS $2.67B antitrust, Cash App $15M data breach.
Capital One Settlement Scams — What to Watch For
Because payments are automatic and everyone is waiting, scammers exploit the delay: they promise to “release” or “fast-track” your money. Nothing can be released early - payments start only after the appeal resolves. Watch for:
⚠️ Fake “Claim your Capital One settlement” emails
The real settlement never requires a claim form - and no payments have been sent yet while the appeal is pending. Any email asking you to “submit a claim,” “verify your identity to release funds,” or click a link to a domain other than capitalone360savingsaccountlitigation.com is a phishing attempt.
⚠️ Calls asking for your SSN or account number
The administrator already has your information from Capital One's records. They will never cold-call you asking for SSN, full account number, or routing number. Hang up and use the contact details on capitalone360savingsaccountlitigation.com.
⚠️ “Advance fee” to release your settlement
Anyone asking you to pay a fee, tax, or processing charge to “release” your settlement payment is running an advance-fee fraud. No legitimate settlement charges recipients to receive funds.
⚠️ Lookalike domains
The only official site for this case is capitalone360savingsaccountlitigation.com. Lookalike or shortened domains claiming to handle “Capital One 360 settlement claims” are not it. (capitalonesettlement.com belongs to the separate 2019 data-breach case - it cannot help with this settlement.)
⚠️ Social-media DMs promising help with “missing” checks
Accounts on X, Facebook, and TikTok impersonate the administrator and offer to “fast-track” payments. There is nothing to fast-track - payments start only after the appeal resolves. The administrator does not provide service through social DMs; use capitalone360savingsaccountlitigation.com only.
Separate from this case: were you injured in the last 2 years?
Class-action payouts are fixed amounts through an administrator. A personal injury claim is a different case — and often worth far more. Free estimate, no obligation.
Capital One $425M Settlement FAQs
I never got my Capital One settlement check — what do I do?
Nobody has received a Class Cash Payment yet - an appeal of the final approval order is pending, and payments begin only after the settlement's Effective Date. You do not need to file anything. To make sure your payment reaches you later, use “Payment Selection / Update Address” on capitalone360savingsaccountlitigation.com.
How much was my payout?
There is no fixed amount: your payment from the $425M fund is based on the approximate interest your 360 Savings account would have earned at the 360 Performance Savings rate during your holding period. Larger balances held longer receive more; short-held small balances receive little. Exact per-person figures have not been published.
Is this the same as the Capital One data breach settlement?
No. The $425M settlement covered here is the 360 Savings interest-rate class action. The $190M Capital One data breach settlement (2022) covered the separate 2019 cyberattack that exposed ~98M consumer records. Different cases, different class, different administrator, different deadlines.
Did I need to file a claim form?
No. Capital One identifies eligible accounts from its own records (the Class List). Payments will be sent automatically once the settlement's Effective Date occurs - to current holders' open accounts, and by check or electronic payment to former holders. You can choose a payment method on the official site.
Is the Capital One settlement payout taxable?
Settlement payments that replace interest you would have earned are generally taxable as interest income, and the higher rate you earn going forward is ordinary interest (expect a 1099-INT where reporting thresholds are met). For your specific situation, ask a tax professional once payments actually arrive.
What is the official Capital One 360 Savings settlement website?
capitalone360savingsaccountlitigation.com - run by the court-appointed settlement administrator under court oversight. It hosts the FAQ, settlement documents, and the “Payment Selection / Update Address” tool. Do not confuse it with capitalonesettlement.com, the site of the separate $190M 2019 data-breach settlement.
I closed my 360 Savings years ago — was I still eligible?
Yes - the settlement class covers anyone who held a 360 Savings account at any time from September 18, 2019 through June 16, 2025, including accounts closed since. Capital One identifies you from its records. Because payments have not been sent yet, use “Payment Selection / Update Address” on capitalone360savingsaccountlitigation.com if you have moved.
Can I still join the class or appeal?
No new participants. The opt-out and objection windows closed during the approval phase. Final approval has been granted, but an appeal of that order is pending - that appeal is why no Class Cash Payments have gone out yet. Class members identified in Capital One's records need not do anything except keep their payment details current on the official site.
What’s Still Uncertain
The payment date depends entirely on the pending appeal - checks and electronic payments begin only after the Effective Date, and no schedule has been published. Individual amounts are proportionate to each account's missed interest and are not published per person. The only authoritative source for your status is capitalone360savingsaccountlitigation.com; this page summarizes the public record but cannot confirm any individual payment.
Related Active Class Actions
Wells Fargo $56.85M CARES Act
California mortgagors — automatic payment, final hearing April 17 2026
Cash App $15M Security Settlement
Documented out-of-pocket losses up to $2,500
BCBS $2.67B Antitrust Settlement
Active distributions through 2026 — tier-based payouts
Other Data Breach Class Actions
Includes the separate Capital One $190M Data Breach Settlement