Capital One Savings Bonus
Update: Rate has been lowered to 1.80% APY.
Capital One 360 has an offer for new 360 Performance Savings accounts where you can earn up to $1,000 bonus. On top of that you also earn 1.90% APY on your balance. You do need yo make a large deposit to get this $1,000 Capital One savings bonus.
- Open a 360 Performance Savings® account by December 31, 2019, using promo code SAVE1000
- Add new money within 10 days of account opening (Initial Funding Period).
- Earn a $200 bonus with a balance of $10,000–$149,999.99, or
- Earn a $1,000 bonus with a balance of $150,000 or more.
- Maintain the required daily balance for 90 days after the Initial Funding Period.
- Plus, you’ll earn 1.90% Annual Percentage Yield (APY) on all balances.
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.
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.
The accounts don’t have any fees.
The $1,000 bonus for the 360 Performance Savings account is the highest we have seen by far. Previous bonuses required $50K for a $500 bonus. You can do multiple deposits, it doesn’t have to be $10K or $150K 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. This is a savings account that earns 1.90% APY on all balances.
If you go for the $1,000 bonus with a $150K deposit, it works out to a 2.66% APY for 90 days. Add that to the 1.90% that the account earns, and you get 4.56% APY. That is much better that you can do with most savings accounts. The $200 bonus with a $10K deposit gives you an even better return, 8.00%+ 1.90%.
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.
- Apply Here
- Promo Code: SAVE1000
- Bonus: $1,000
- Account Type: 360 Performance Savings
- Availability: Nationwide
- Expiration Date: 12/31/2019
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: Deposit $150,000 within 10 days and keep balance for 90 days
- Monthly Fee: None
- Closing Fee: Must keep account open to receive bonus