Capital One to Pay $425M Over Allegedly Steering Customers Away From Savings Accounts Offering Higher Interest Rates

Millions of Capital One customers could soon see a boost to their bank accounts after a federal judge approved a $425 million lawsuit settlement following a two-year court battle.

The bank was accused of steering customers away from savings accounts that offered higher interest rates.

The settlement applies to customers who had a Capital One 360 savings account between September 2019 and June 2025.

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