Capital One is forking out $425 million in a settlement accusing the company of misleading customers out of more than $2 billion — and the deadline to file a claim is this week.

The Consumer Financial Protection Bureau accused Capital One, “ one of the most widely recognized brands in banking ,” of misleading customers into believing its 360 Savings Account was a “ high interest” account — “one of the nation’s” “top,” “best” and highest .

However, the lawsuit claims the banking firm actually froze rates at a very low interest of 0.3 percent.

“The Bureau alleges that these representations were false or otherwise misleading and that from December 2020 to at least August 2024, Capital One has kept the 360 Savings interest rate fixed at 0.30%, a rate that falls far short of the lev

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