On May 16, 2025, the parties in the In Re: Capital One 360 Savings Account Interest Rate Litigation filed a Joint Notice of Settlement Terms with the Court. Pursuant to the notice, Capital One, N.A., has agreed to pay $425 million to settle claims brought by Wolf Popper LLP on behalf of Capital One 360 Savings accountholders. Capital One will pay $300 million to compensate current and former accountholders who allegedly were deprived of the high interest rates accountholders were led to believe they would receive when they opened their accounts. Further, Capital One will pay an additional $125 million to current 360 Savings accountholders in the form of increased interest payments. Other details of the settlement will be set forth in a formal Court-approved notice which will be sent to class members after the Court preliminarily approves the settlement.
PRESS RELEASE
26 May 2025
Preliminary Settlement Reached In Capital One 360 Savings Interest Rate Litigation
Wolf Popper
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Wolf Popper is a leading complex litigation law firm that represents clients in high stakes individual and class action litigations in state and federal courts throughout the United States. The firm specializes in securities fraud, mergers and acquisitions, consumer fraud litigation, healthcare litigation, ERISA, and commercial litigation and arbitration.
On May 16, 2025, the parties in the In Re: Capital One 360 Savings Account Interest Rate Litigation filed a Joint Notice of Settlement Terms with the Court.