Capital One agreed to a $425 million settlement, resolving the class-action claims without admitting wrongdoing.

If you had a Capital One 360 Savings account between September 2019 and June 2025, you may soon be entitled to a payout. The bank has agreed to a $425 million settlement to resolve allegations that it misled customers about the returns on its flagship savings product.

The lawsuit alleges the bank deceptively marketed the older account as “high interest” and “one of the nation’s best,” while hiding better options.