NEW YORK CITY (PIX11) — If you were a Capital One 360 Savings account holder, you may be entitled to financial compensation.
A Virginia Court gave final approval of a class action lawsuit settlement on Monday that alleged the banking company failed to raise interest rates on the 360 Savings account in accordance with rates paid on the 360 Performance Savings account.
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The suit also alleges Capital One deceptively marketed the 360 Savings account, concealing that they were no longer the company’s high-yield account and that the 360 Performance Savings account offered a higher interest rate.
“New York families work hard to save money for their futures, and they deserve every dollar of interest they are promised,” said Attorney General Letitia James when she announced the lawsuit last May. “Capital One assured high returns with no catches, then pulled the rug out from under their customers and hoped nobody would notice.”
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Who qualifies for the Capital One settlement money?
Anyone who was a Capital One 360 Savings account holder between Sep. 18, 2019, and June 16, 2025, qualifies for the settlement money. Customers who had accounts at that time don’t have to do anything to receive the payment, a check will be mailed to their last known address…