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Judge Approves $425 Million Capital One Settlement. Here's What Customers Should Know.
The revised agreement sends the full $425 million to customers and requires Capital One to match rates on the two accounts going forward.
- District Judge David Novak approved a $425 million settlement in April 2026, resolving a class action lawsuit against Capital One over its savings account interest practices.
- Plaintiffs alleged Capital One kept Customers in older Savings accounts with lower rates while offering up to 4.3% on newer Performance Savings accounts without clearly informing account holders.
- Eligible Customers who held Savings accounts between Sept. 18, 2019, and June 16, 2025, qualify for automatic payments without taking any action to receive compensation.
- Although Capital One denied wrongdoing, the bank agreed to settle, with the agreement expected to provide more than $1.2 billion in total relief to Millions of Customers.
- Payments are expected automatically within one to two months, though those owed less than $5 will receive funds only if they previously chose electronic Payouts.
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Judge approves $425 million Capital One settlement. How to check if you're eligible for payout
Millions of Capital One customers could soon see a boost to their bank accounts after a federal judge approved a $425 million lawsuit settlement following a two-year court battle.
·Los Angeles, United States
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Capital One $425 million settlement: See eligibility for payouts
Capital One 360 Savings account holders could receive a cash payout in a $425 million class action settlement. A judge approved the settlement on Monday in a class action lawsuit filed in the U.S. District Court for the Eastern District…
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Total News Sources60
Leaning Left5Leaning Right2Center48Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
C 87%
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