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Capital One Settlement: Claim Your Payout Today - Deadline October 2nd

KHOU 11October 5, 20251 min1,313 views
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Capital One Settlement Details

  • πŸ’° Capital One has agreed to a $425 million settlement with regulators.
  • ⚠️ Regulators accused Capital One of cheating savers by freezing interest rates on older accounts.
  • πŸ“‰ Older 360 Savings accounts reportedly had rates frozen at 0.3%, while new accounts offered rates over 10 times higher.
  • πŸ’Έ Customers are estimated to have lost over $2 billion in interest due to this practice.

Eligibility and Claim Process

  • 🎯 You are likely eligible if you had a Capital One 360 Savings account between September 2019 and June 2025.
  • πŸ“Œ Eligibility extends even if you later switched to a performance savings account.
  • ⏰ The deadline to claim your payout is today, October 2nd.
  • πŸ’» To claim, you must log into the official settlement website using an ID and PIN from your mailed notice.
  • πŸ”‘ You need to choose your payment option today to lock in your payout amount.
  • βœ… Final court approval for the settlement is expected in November.
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Capital One SettlementConsumer Financial Protection BureauSavings AccountsInterest RatesCustomer CompensationSettlement DeadlineFinancial Regulation
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