Judge Approves $425M Capital One 360 Savings Settlement — Payments Expected July

About this episode

A federal judge has approved a $425 million settlement with Capital One regarding low interest rates paid to older savings account holders.

A federal judge has approved a $425 million class action settlement with Capital One over allegations that the bank paid low interest rates to older 360 Savings account holders while offering a nearly identical product (360 Performance Savings) at substantially higher rates. U.S. District Judge David J. Novak signed the final approval order on April 20, 2026 (PDF File), clearing the way for payments to go out to millions of eligible customers. Capital One denies any wrongdoing. Compare the best high-yield savings accounts today here >>

People in this episode

Host: The College Investor

Topics covered

• class action settlement
• savings accounts
• banking
• interest rates
• financial news

Keywords

• Capital One
• savings accounts
• class action
• interest rates
• financial settlement

Mentioned in this episode

Organizations: Capital One

Products: 360 Savings, 360 Performance Savings

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