Capital One 360 Savings Account Lawsuit & Settlement – Full Details & Latest Updates

Overview: What This Guide Covers

Capital One 360 Savings Account Lawsuit & Settlement has become a key topic for U.S. customers, with an ongoing
class action lawsuit and a $425 million settlement claim. If you have (or had) a Capital One 360 Savings account, this article is a
complete A-to-Z guide covering all details, deadlines, and the latest updates about the Capital One 360 savings settlement and the broader Capital One lawsuit.

You’ll learn the background of the lawsuit, who is eligible to receive compensation, and the full
settlement details. We’ll also walk through the key deadlines and the final court hearing, explain exactly
how to take action, and share the latest updates from attorneys and Capital One’s legal team. For quick scanning, we’ve included an
Eligibility & Payout comparison table and a concise FAQ.

• ✅ Eligibility & who qualifies for the Capital One 360 savings settlement.
• ✅ How payouts are calculated, plus “do nothing,” “opt-out,” and “object.”
• ✅ Key deadlines & what the final approval hearing means for you.
• ✅ Latest updates: attorney statements and Capital One responses.

 

Background of the Lawsuit

The Capital One 360 Savings Account lawsuit began after customers claimed that Capital One did not apply the advertised interest rates fairly on their
360 Savings and 360 Performance Savings accounts.

Customers argued that the bank’s practices reduced the returns they should have earned, and that these actions violated consumer protection laws. The case was filed as a
class action lawsuit, meaning thousands of account holders were grouped together into one large case instead of filing individual lawsuits.

It’s important to note that Capital One has not admitted any wrongdoing. However, to avoid the cost, time, and uncertainty of ongoing litigation, the company agreed to a
$425 million settlement that will be distributed to eligible account holders.

Who Is Eligible?

If you held a Capital One 360 Savings or 360 Performance Savings account at any time between
September 18, 2019, and June 16, 2025, you are automatically part of the settlement class — unless you chose to opt out.

✔️ Current and former customers are included. Even if you closed your account, you may still qualify.

There are a few key scenarios to understand:

• Account still open: Eligible for a payout + potential share of the $125M interest fund.
• Account closed before October 2, 2025: Eligible for payout + an estimated 15% extra boost.
• Account closed after October 2, 2025: Eligible for payout only (no 15% bonus).
• Opted out: Not eligible for payout; you keep the right to sue individually.
• Objected but stayed in class: Eligible for payout; objection does not remove you from the class.

Scenario	Eligible for Payout	Extra Bonus / Notes
Account still open	✅ Yes	Share of $300M cash fund + possible interest from $125M
Account closed before Oct 2, 2025	✅ Yes	Cash payout + ~15% extra boost
Account closed after Oct 2, 2025	✅ Yes	Cash payout only (no 15% bonus)
Opted out	❌ No	No payout; may pursue individual legal action
Objected but stayed in class	✅ Yes	Still eligible for payout despite objection

Common Questions About Filing a Claim

• How do I file a claim?
  You don’t need to file a claim form. All eligible Capital One 360 Savings and 360 Performance Savings customers are included automatically.
• Do I need a lawyer?
  No. You don’t need your own attorney to receive payment. Class Counsel handle the process unless you opted out and choose to sue separately.
• Where is the official settlement website?
  The only official site is capitalone360savingsaccountlitigation.com — use it to update your payment details, address, or read court documents.
• How do I know if I’m included?
  If you had a qualifying account between Sept 18, 2019, and June 16, 2025, you’re included unless you opted out. There’s no public list of names; eligibility is based on Capital One’s records.
• How do I know if my payment is confirmed?
  You won’t see your name on a list. Eligible customers will automatically receive payment after final court approval. You can log in on the settlement website to confirm your payment method.

Settlement Details

The total Capital One 360 Savings Account settlement is valued at $425 million. It is divided into two parts:

• $300 million in direct cash payments to class members.
• $125 million as an additional interest fund for customers who keep their accounts open after the settlement.

How payouts are calculated: Payments are distributed on a pro rata basis, meaning your share depends on how much interest you should have earned compared with what you actually earned. Customers who kept higher balances for longer periods are likely to receive more.

Do you need to file a claim? No. If you are eligible and did not opt out, your payment will be processed automatically once the court gives final approval.

Examples of Potential Payouts

These examples are for illustration only — actual amounts depend on your account history and the final court approval.

• Example 1: Average balance of $5,000 → approx. $75–$120.
• Example 2: Average balance of $20,000 → approx. $250–$400.
• Example 3: Average balance of $1,000 → approx. $15–$25.

Key Deadlines & Court Hearings

October 2, 2025 – Final Deadline for Class Members

• Update your payment method (direct deposit, check, or digital option).
• Change your mailing address if you’ve moved.
• File an objection if you disagree with the settlement.
• Submit an opt-out request if you want to pursue your own lawsuit.

⚠️ Important: If you take no action by October 2, 2025, you remain in the settlement and your payment will be processed automatically. After this date, you cannot later opt out or object.

November 6, 2025 – Final Approval Hearing

The court will hold the Final Approval Hearing. The judge will decide whether to:

• Grant final approval so payments can move forward.
• Request changes or clarifications, which could delay payments.
• Reject the settlement (rare), forcing new negotiations.

When to Expect Payments

If approved on November 6, 2025, payments are expected within 60–90 days. This means the first payments may be distributed as early as January 2026.

⚠️ Note: If appeals are filed after the hearing, payment distribution could be delayed several additional months.

Settlement Timeline at a Glance

How to Take Action

1. Check your mail and email for official notices.
   If you received a notice about the Capital One 360 class action or the Capital One savings account settlement, keep it safe and follow the instructions carefully.
2. Update your payment details and mailing address.
   Customers can confirm information through their Capital One login USA account. Keeping your info current avoids delays when the Capital One 360 savings settlement is distributed.
3. Visit the official settlement website.
   Use capitalone360savingsaccountlitigation.com for updates about the Capital One 360 savings litigation and the class action settlement Capital One.
4. Watch for final approval updates.
   The Capital One class action lawsuit 2025 is still awaiting final court approval. Once approved, Capital One settlement claims will be processed automatically.

By following these steps, you’ll be ready to receive your part of the $425 million Capital One settlement.

Your Options in the Settlement

• ✅ Do Nothing – You’ll automatically remain part of the Capital One class action lawsuit and receive your share of the Capital One settlement claim after final approval.
• ⚠️ Opt-out – You won’t get any money from the Capital One 360 savings litigation, but you keep the right to file your own lawsuit against Capital One.
• 📝 Object – You can tell the judge you disagree with the settlement terms. You’ll still stay in the Capital One savings account settlement and will receive a payment if approved.

Make sure you act before October 2, 2025, which is the deadline to opt out or file an objection.

Latest Updates & Attorney Statements

Here are the most important developments in the Capital One 360 Savings Account lawsuit and the proposed class action settlement Capital One customers are following.

• $425 million settlement terms confirmed. The proposal includes a $300M cash fund (automatic payments) plus $125M in additional interest for eligible accountholders—no claim form required if you stay in the class. Key deadlines remain October 2, 2025 (payment selection / address updates / opt-out / objections) and the Final Approval Hearing on November 6, 2025. This is the current status of the Capital One 360 savings settlement.
• Judge’s view at preliminary approval. At the June 16, 2025 hearing, Judge David J. Novak noted the settlement “affords significant relief” to class members, while also assigning a special master to monitor opt-outs, timing, and payments ahead of the final hearing.
• Class Counsel position. Plaintiffs’ counsel (Lead Counsel: Wolf Popper LLP) emphasized two consumer-friendly points: (1) no claims process—payments are automatic, and (2) a comprehensive notice plan; they encourage choosing electronic payment (so you’re paid even if your amount is under $5).
• Capital One’s stance. Capital One denies wrongdoing and says the agreement is a compromise to avoid the cost and uncertainty of litigation in the Capital One 360 savings litigation.
• When payments may arrive. If the Court grants final approval on November 6, 2025, many outlets expect distributions to begin roughly 60–90 days afterward (early 2026). Keep your Capital One login USA and mailing details current to avoid delays in your Capital One settlement claim.

Alternatives & What This Means for Customers

The Capital One 360 Savings Account litigation is a reminder that even major banks can face lawsuits when customers feel interest rates or account terms are not applied fairly. For consumers, the key lessons are:

• Always read the fine print and monitor your statements.
• Even large banks can be involved in class action lawsuits — cases like the Capital One class action lawsuit 2025 show that customer rights matter.
• Keep your contact details current so you never miss settlement notices or payments.

If this case makes you reconsider your current savings account, explore alternatives that offer transparent savings terms, higher APYs, and fewer conditions compared to what led to the Capital One 360 savings settlement.