[Expired] Capital One Money Market Account, $200-$500 Bonus Plus 2% APY

January 21, 2019

Capital One 360 has a new offer for its Money market account that can earn you up to $500, but you need to deposit a large amount to get the highest bonus.

Offer Requirements

Here’s the full scoop on how to earn your bonus:

Open a 360 Money Market account between 12:00 a.m. ET on January 1, 2019, and 11:59 p.m. ET on February 28, 2019. When you open your account, enter your promotional code—CELEBRATE.
Deposit $10,000 or more of new money from an external bank (transfers between Capital One accounts will not qualify) within the first 10 days of account opening (Initial Funding Period). The amount of your bonus will be determined as follows:
- $200 bonus — you maintained a daily balance of $10,000 – $49,999.99 for the first 90 days following the Initial Funding Period
- $500 bonus — you maintained a daily balance of $50,000 or more for the first 90 days following the Initial Funding Period
If your daily balance drops to a lower tier at any point during the 90-day period, you’ll earn the lower tier bonus. If you make additional deposits during the 90-day period to reach the next tier, you’ll only be eligible for the lower tier bonus.

Eligibility

The offer is available nationwide.
If you have or had an open savings product with Capital One after January 1, 2016, you’re ineligible for the bonus.
This offer cannot be combined with any other Capital One Bank or Capital One 360 new savings account opening offer.
Bonus is only valid for one account.

Fees

The accounts don’t have any fees.

Guru’s Wrap-Up

The $200 bonus has been around before. The $500 bonus is great but you need to have $50K to deposit and keep in the account for 90 days. You do earn 2% with the account though, which is not bad. Just be aware that this a Money Market account and you’re limited to 6 withdrawals per month.

There’s no targeted language this time around but if you have had a savings product with Capital One after January 1, 2016, you do not qualify.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.