Capital One is targeting some current customers with a big bonus for Business Savings accounts. The offer was sent out by email, so you need to have have received it directly in order to qualify. You also need large amounts of money to get this bonus.
Earn up to $1,500 when you deposit new money into your Business Savings account by January 31, 2020. The amount you receive depends on how much money you add and maintain from February 1st until April 30th, 2020:
- $1,500 bonus when you add $200,000+
- $800 bonus when you add $100,000-$199,999
- $400 bonus when you add $50,000-$99,999
This account earns 1.85% APY for the first 12 months and then it looks like 0.40% APY.
You need to deposit the required amounts, and keep it in the account for about 3 months in order to get the bonus. The $400 and $800 bonuses work out to an extra an extra 4% APY. The bigger bonus of $1,500 requires a $200K deposit and works out to an extra 3% APY for three months. Worth doing especially if you;re still getting the promotion into rate of 1.85%.