Prediction: Interest Rates To Go Up
... news update on the 425 million Capital One refund Capital One has reached a $425 million settlement with customers over claims that the bank misled savers by keeping them in lower-interest 360 Savings accounts while promoting higher rates on similarly named 360 Performance Savings accounts. Eligibility and Payout Details - Who Qualifies: Current and former account holders who had a 360 Savings account at any time between September 18, 2019, and June 16, 2025. - Automatic Payments: Eligible customers do not need to file a claim; payments are issued automatically to the primary account holder. - Payment Method: Checks will be mailed to the last known address for amounts of $5 or more. The option for electronic transfer closed on March 30, 2026. - Timing: Payouts are expected to begin arriving within the next one to two months following the April 2026 court approval. Background and Changes The settlement resolves a lawsuit alleging Capital One failed to clearly inform...