Capital One to pay $425M to customers over misleading savings account rates

Capital One will pay $425 million to settle claims that it misled customers about the interest rates on its 360 Savings and 360 Performance Savings accounts. Customers who held a 360 Savings account between Sept. 18, 2019, and June 16, 2025, are eligible for payments, which vary based on account duration and balance. The lawsuit alleged Capital One did not clearly disclose the large difference in interest rates between the two accounts, causing customers to lose millions in potential earnings. Eligible customers should receive payments automatically within a few months and can check their account type via the Capital One app or website.