The Capital one 425 million case settlement of 2025 offers substantial cash settlements to all qualified customers who opened a Capital One 360 Savings account on September 18, 2019 and June 16, 2025. This settlement settles claims that Capital One artificially maintained very low interest rate on these accounts denying the customers the benefits of higher returns.
The Capital One Settlements Eligibility
– Should have been a Capital One 360 Savings account holder (not the 360 Performance Savings) in the time period between September 18, 2019, and June 16, 2025.
– Payouts are available to current account holders, former customers who closed or converted accounts during the period and joint account holders.
– Class members are eligible without any claim form; however, customers needed to choose a payment option before October 2, 2025.
Payment Details
– The settlement will be in the form of $425 million of direct cash payments amounting to 300 million which will be given out in terms of the account balance and the duration of the qualified time.
– An extra 125 million will be used to pay higher interest rates on the customers who are still having 360 Savings accounts after October 2, 2025, at least twice the national average interest rates.
– Customers who bring or remove accounts to the October deadline are presented with a lump sum that is about 15 percent higher than those that keep the accounts.
– Payments are made in electronic form or checks as per the choice of the customers.
Additional Information
– Court approval final hearing is to be held on November 6, 2025.
– Customers will have the opportunity to monitor the payment and settlement status on the official settlement website with the help of their claim ID and PIN specified in the settlement notice.
– Watch out of fraudsters posing as settlement administration; only refer to the official site which is proven to give out the information and payments.
Table 1: Capital One 425M Settlement Overview
| Category | Details |
|---|---|
| Settlement Amount | $425 million total |
| Eligible Account Period | Sept 18, 2019 – June 16, 2025 |
| Eligible Accounts | Capital One 360 Savings accounts |
| Cash Payout Fund | $300 million |
| Additional Interest Pool | $125 million (for post-Oct 2 account holders) |
| Claim Deadline | October 2, 2025 (for payment method selection) |
| Court Approval Hearing | November 6, 2025 |
FAQs
Q1: Am I eligible for a payout?
You are eligible in case you had a Capital One 360 Savings account between the qualification time.
Q2: How much will I receive?
The payments are made depending on account balance and period and usually range between 50 and 700 or more.
Q3: Do I need to file a claim?
The majority of the eligible customers receive automatic payments and had to select payment options before the end of October.
