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Capital One’s $425 million settlement stems from a years-long fight over alleged bait-and-switch tactics. The crux of the case is that Capital One promoted its “360 Savings” account as a top high-yield product, yet kept its rate locked at about 0.30% even as national rates climbed. At the same time, the bank quietly introduced a nearly identical “360 Performance Savings” account, which did pay much higher interest (reaching 4.3% by early 2024) reuters.com consumerfinance.gov. Existing 360 Savings customers were largely kept in the dark – for example, Capital One reportedly removed most references to the old account on its website and