A federal judge has finalised a $425 million (£314.8 million) settlement with Capital One, meaning millions of current and former customers could soon receive cash payouts for missed interest on savings accounts. The ruling, handed down this week, allows automatic payments to begin for eligible holders of the bank's 360 Savings product in a class action settlement.
Those who maintained an account at any point between 18 September 2019 and 16 June 2025 qualify, with the amount depending on their balance history and time held.
