If you are or were a Capital One 360 Savings account holder at any time from September 18, 2019, through June 16, 2025, you are eligible for benefits from a $425 million class action settlement.

As the Settlement Administrator, we will never ask for your Social Security Number and/or Employee Identification Number. If that information is requested, it is not a request from us. Please ensure that you have visited this website, www.capitalone360savingsaccountlitigation.com or have called 1-888-832-2704 before you provide any information. On this website, we do ask for only the last 4-digits of your eligible 360 Savings account as an extra step in verification for electronic payment selections. This information is optional to provide. If you do not know this information or you do not want to provide it, you are not obligated to do so

A class action lawsuit, In re: Capital One 360 Savings Account Interest Rate Litigation, No. 1:24-md-03111-DJN, has been filed in the United States District Court for the Eastern District of Virginia (the "Court").

A new Settlement has been reached in a class action lawsuit against Capital One, N.A., and Capital One Financial Corp. (“Capital One” or “Defendants”).

You were previously notified of a proposed settlement of this lawsuit. That proposed settlement was not approved by the Court, and so a new settlement was negotiated that provides enhanced benefits to current and former 360 Savings accountholders. This new settlement provides more money to the Settlement Class (defined below) compared to the previously proposed settlement.

The lawsuit alleges that Capital One failed to raise interest rates on the 360 Savings account commensurate with rates paid on the 360 Performance Savings account, deceptively marketed the 360 Savings account, and concealed (i) that 360 Savings was no longer Capital One’s high-yield online savings account; and (ii) the existence of the 360 Performance Savings account—and its higher interest rate—to 360 Savings accountholders.

IF YOU ARE A CLASS MEMBER, THIS LEGAL PROCEEDING MAY AFFECT YOUR RIGHTS.


YOUR LEGAL RIGHTS AND OPTIONS UNDER THIS SETTLEMENT:
Rights and Options

Receive Payment

You do not need to file a claim form to receive a Class Cash Payment from this settlement. All Settlement Class Members are automatically eligible to receive a Class Cash Payment for your share of the Settlement Fund. You do, however, have the option to receive your payment via electronic payment instead of a check. If you already selected an electronic payment for the previously proposed settlement in this matter, you do not need to select one again for this settlement. To select the electronic payment option, please click here. If you have already selected an electronic payment for the previously proposed settlement in this matter and you need to update your electronic payment information, please make a new electronic payment selection here.

If the amount of your Class Cash Payment is $5 or more and you do not select an electronic payment, a check will be mailed to your last known address. However, if the amount of your Class Cash Payment is less than $5, you will only receive it if you elect to receive your payment electronically.

Please note that a Class Cash Payment will be issued only to the primary accountholder listed on a 360 Savings account.

The Settlement Administrator has not yet determined the amount of your Class Cash Payment. Accordingly, you are strongly encouraged to choose the electronic payment option to make sure you receive your Class Cash Payment.

The deadline to choose your method of payment is March 30, 2026.

Exclude Yourself (OPT OUT)

You may choose to exclude yourself (or “opt out”) of the settlement. This is the only option that allows you to separately sue Capital One at your own expense for the same or similar legal claims released by this settlement. However, if you opt out you will receive no payment from the Settlement Fund.

If you requested exclusion from the previously proposed settlement in this matter, and you also wish to exclude yourself from the new settlement, you must send another request for exclusion. For more information see FAQ 9.

The deadline to exclude yourself is March 30, 2026.

Object or Comment

You may write to the Court about why you do or don’t like the settlement, the amount of requested Attorneys’ Fees and Expenses, or the Service Awards sought by the Settlement Class Representatives. You may also attend the Final Approval Hearing during which the Court will consider the fairness of the settlement, the amount of Attorneys’ Fees and Expenses, and the Service Awards sought by the Settlement Class Representatives, although you have no obligation to do so. For more information, see FAQ 10.

The deadline to object to this settlement is March 30, 2026..

Attend Final Approval Hearing

If you file a written objection, you may also ask to speak in Court about the fairness of the Settlement. The Court will hold the Final Approval Hearing on April 20, 2026, at 11:00 a.m. EDT.

These rights and options—and the deadlines to exercise them—are explained further on the Frequently Asked Questions (FAQs) page.


Current Status

On April 20, 2026, the Court granted final approval of the Settlement. If there is no appeal, payments will be issued on or about July 27, 2026. If an appeal is filed, payments will be issued after the appeal is resolved.


Important Dates
  • September 18, 2019, through June 16, 2025
    Class Period
  • March 30, 2026
    Deadline to Exclude Yourself from the Settlement
  • March 30, 2026
    Deadline to Object to the Settlement
  • April 20, 2026, at 11:00 a.m. Eastern Daylight Time
    Final Approval Hearing
  • March 30, 2026
    Deadline to choose your method of payment