WASHINGTON — If you had a Capital One 360 Savings account between Sept. 18, 2019, and June 16, 2025, you may be eligible for part of a $425 million class action settlement.

The settlement stems from allegations raised in both a 2024 Consumer Financial Protection Bureau lawsuit and a separate class action that claims Capital One froze interest rates on its 360 Savings accounts at just 0.3% for years while offering much higher rates, up to 4.3%, on a newer account called the 360 Performance Savings.

The CFPB said the bank deceptively marketed the older account as “high interest” and “one of the nation’s best,” while failing to tell customers about the newer, higher-yield option.

Regulators said the move “cheated” customers out of more than $2 billion in lost interest. While the CFPB dro

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