Story perspectives

Capital One to Raise 360 Savings Rate After $425 M Settlement

4/23/2026

Summary

Story summary

U.S. District Judge David Novak approved a $425 million settlement that forces Capital One to raise 360 Savings rate to match 360 Performance account and uses the funds to compensate missed interest.
Customers who held a 360 Savings account from Sept. 18 2019 through June 16 2025 will receive automatic payments without filing a claim.
Attorneys general from 18 states, including New York Attorney General Letitia James, withdrew their separate lawsuits after the settlement.

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Story summary

U.S. District Judge David Novak approved a $425 million settlement that forces Capital One to raise 360 Savings rate to match 360 Performance account and uses the funds to compensate missed interest.
Customers who held a 360 Savings account from Sept. 18 2019 through June 16 2025 will receive automatic payments without filing a claim.
Attorneys general from 18 states, including New York Attorney General Letitia James, withdrew their separate lawsuits after the settlement.