Capital One Settlement: Claim Your Payout Today - Deadline October 2nd
KHOU 11October 5, 20251 min1,313 views
1 connectionsΒ·2 entities in this videoβCapital One Settlement Details
- π° Capital One has agreed to a $425 million settlement with regulators.
- β οΈ Regulators accused Capital One of cheating savers by freezing interest rates on older accounts.
- π Older 360 Savings accounts reportedly had rates frozen at 0.3%, while new accounts offered rates over 10 times higher.
- πΈ Customers are estimated to have lost over $2 billion in interest due to this practice.
Eligibility and Claim Process
- π― You are likely eligible if you had a Capital One 360 Savings account between September 2019 and June 2025.
- π Eligibility extends even if you later switched to a performance savings account.
- β° The deadline to claim your payout is today, October 2nd.
- π» To claim, you must log into the official settlement website using an ID and PIN from your mailed notice.
- π You need to choose your payment option today to lock in your payout amount.
- β Final court approval for the settlement is expected in November.
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Whatβs Discussed
Capital One SettlementConsumer Financial Protection BureauSavings AccountsInterest RatesCustomer CompensationSettlement DeadlineFinancial Regulation
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