Capital One Savings $500 Bonus
Capital One 360 has an offer for new 360 Performance Savings accounts where you can earn up to a $500 bonus. On top of that you also earn 1.50% APY on your balance. The bonus you get depends on the amount of money you deposit. Offer is available until 6/10/20.
Offer
Open a 360 Performance Savings account by June 10, 2020 with promotional code SCORE500. Deposit a total of $10,000-$50,000 or more of new money from an external bank within the first 10 days of account opening. You will earn a bonus once you’ve maintained a daily balance of $10,000 or more for 90 days following the Initial Funding Period. Your bonus will be calculated based on your daily balance:
| Balance | Interest with 1.50% APY | Cash Bonus | Potential Payout in a Year |
|---|---|---|---|
| $10,000 | $150 | $100 | $250 |
| $20,000 | $300 | $200 | $500 |
| $30,000 | $450 | $300 | $750 |
| $40,000 | $600 | $400 | $1,000 |
| $50,000 | $750 | $500 | $1,250 |
If at any time during the 90 days following the Initial Funding Period your daily balances drop into a lower balance tier, you will be rewarded that tier’s cash bonus. If your daily balance decreases to an amount less than $10,000, you will not qualify for a cash bonus.
Eligibility
The offer is available nationwide.
If you have or had an open savings and/or money market account as a primary or secondary account holder (excludes CD) with Capital One on or after January 1, 2016, you’re ineligible for the bonus.
Fees
The accounts don’t have any fees.
Guru’s Wrap-Up
This is a bonus that gives you a great rate for 90 days. Same offer that expired a few days ago, but now it has a new promo code. The account already earns 1.50% APY and you get an extra 4% if you keep the money in the account for exactly 90 days. You can do multiple deposits, it doesn’t have to be $10K or $50K in one shot. But it has to be done within 10 days, and you need to keep the money in the account for 90 days.
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. You can also check out more high yield accounts, if you’re looking for better rates.
Offer Details
- Apply Here
- Promo Code: SCORE500
- Bonus: $500
- Account Type: 360 Performance Savings
- Availability: Nationwide
- Expiration Date: 6/10/20
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $10K-$50K within 10 days and keep balance for 90 days
- Monthly Fee: None
- Closing Fee: Must keep account open to receive bonus
HT: DoC
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