Capital One has an offer for new Money Market accounts where you can earn a $500 bonus. On top of that you also earn 1.85 APY on your balance.
Offer Requirements
- Open your account and deposit at least $50,000 by October 31, 2018, using promo code OFFER500 to earn an exclusive $500 bonus. Plus, you’ll earn 1.85% Annual Percentage Yield (APY) on balances of $10,000 or more.
Capital One will deposit the bonus money into your account within 60 days of completing the above conditions. Once it’s deposited, the funds will be available immediately.
Eligibility
The offer is available nationwide.
- If you have or have had a savings product with Capital One after January 1, 2016, you won’t be eligible for the bonus.
Fees
The accounts don’t have any fees.
Guru’s Wrap-Up
The $500 bonus for the Money Market account is the best we have seen by far, but it requires a $50,000 deposit. You can do multiple deposits, it doesn’t have to be $50K in one shot. You also do not need to keep the balance in the account. 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. The Money Market account also offers a respectable 1.85% APY on balances of $10,000.00 or more.
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.
Related article: Capital One 360, Get $200 Bonus With New Money Market Account
Offer Details
- Apply Here
- Promo Code: OFFER500
- Bonus: $500
- Account Type: Money Market
- Availability: Nationwide
- Expiration Date: 10/31/2018
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $50,000 by 10/31/2018
- Monthly Fee: None
- Closing Fee: Must keep account open to receive bonus
HT: DoC
