Capital One 360 has a new offer for its Money market account that can earn you up to $1,000, but you need to deposit a large amount to get the highest bonus.
Offer Requirements
Open a Capital One 360 Money Market® account by December 31, 2018, and earn 2.00% Annual Percentage Yield (APY) on an account with a balance of $10,000 or more. Enter the promo code VALUE2018 to qualify for a $1,000 bonus for deposits of $150,000 or more, or a $200 bonus for deposits between $10,000 and $149,999. See details below.
| Balance | Interest with 2.00% APY | Cash Bonus | Potential Payout in a Year |
|---|---|---|---|
| $10k | $200 | $200 | $400 |
| $50k | $1,000 | $200 | $1,200 |
| $150k | $3,000 | $1,000 | $4,000 |
Once the account is opened, you must deposit $10,000 or more from another bank within 10 days (Initial Funding Period). Your bonus will be calculated as follows: based on your total balance at the end of the Initial Funding Period; accounts with balances between $10,000–$149,999.99 will earn $200 and accounts with balances of $150,000 or more will earn $1,000. So you only need to have the required balance in the account at the end of the first 10 days.
Capital One will deposit the bonus into your account within 60 days after the end of the Initial Funding Period. If your account is in default, closed, or suspended, or otherwise not in good standing, you will not receive the 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.
Fees
The accounts don’t have any fees.
Guru’s Wrap-Up
The $200 bonus has been around before. The $1,000 bonus is great but you need to have $150K that you can move around for a few days. The bonus is calculated based on your total balance at the end of the Initial Funding Period which is 10 days after account opening. So as long as you have $150K at that time, you will; receive the bonus. You can transfer the money out right after that. You do earn 2% with the account though, so it;s not that 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.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. 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.
Offer Details
- Apply Here
- Promo Code: VALUE2018
- Bonus: $200/$1K
- Account Type: Money Market
- Availability: Nationwide
- Expiration Date: 12/31/2018
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $10K/$150K
- Monthly Fee: None
- Closing Fee: Must keep account open to receive bonus
HT: DoC
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