In 2025, Capital One agreed to a $425 million class action settlement to resolve claims that it offered lower interest rates to long-time customers compared to new ones with similar “high-yield” savings accounts. The lawsuit alleged that Capital One failed to properly inform customers about better rates available through its newer accounts.
Capital One $425M Settlement 2025 Overview
| Organization | U.S. Federal Court / Capital One Bank |
| Name of Program | Capital One Class Action Settlement 2025 |
| Country | USA |
| Settlement Fund | Total $425 Million |
| Payment Releases | Expected In 2025 |
| Current Status | Court-approved Class Action |
| Who Get It? | Customers affected by 2019 data breach |
| Type of Benefits | Financial compensation and free credit monitoring |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
Overview
The lawsuit focuses on Capital One’s 360 Savings and 360 Performance Savings accounts. Older account holders reportedly earned far lower interest rates, even though newer customers were offered much higher rates. Under the settlement, Capital One will compensate affected account holders for lost interest and potential future benefits.
Eligibility
You may be eligible if:
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You held a Capital One 360 Savings account at any time between September 18, 2019, and June 16, 2025.
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You are a current or former account holder.
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Both primary and joint account holders can qualify for compensation.
Payment Details
The $425 million settlement fund will be divided as follows:
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$300 million for direct cash payments to eligible account holders.
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$125 million for additional interest payments to customers who keep their accounts open.
The amount you receive depends on how long you held the account, your balance during that period, and whether the account is still active.
Payment Schedule
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Claim and update deadline: October 2, 2025
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Final court approval: November 6, 2025
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Payments expected: Within approximately 60 days after court approval
Payments will be sent either by direct deposit or check, depending on the information provided during the claim process.
Why It Matters
This settlement serves as a major reminder for consumers to regularly check interest rates on their savings accounts and ensure they are receiving fair treatment compared to new customers. Eligible account holders could receive meaningful compensation based on their account history.
FAQ Capital One $425M Class Action Settlement 2025
1. Who qualifies for the Capital One settlement?
Anyone who held a Capital One 360 Savings account between September 2019 and June 2025 may be eligible.
2. How much money can I get?
Payments vary by account balance, duration, and whether you still hold the account.
3. Do I need to file a claim?
If you received a notice, you may already be registered. Otherwise, you may need to verify eligibility and confirm payment preferences.
4. When will payments arrive?
Most payments are expected to be distributed within 60 days after the final approval in November 2025.
5. Can I lose my payment if I miss the deadline?
Yes. Missing the claim update or opting out after the deadline could disqualify you from receiving funds.
