Capital One 360: Up to $1,500 Savings Bonus

Capital One is offering a bonus up to $1,500 for opening and funding a new 360 Performance Savings account. Get a bonus of $300, $750, or $1,500 based on your total deposit amount. Full details of this Capital One promotion below.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Capital One 360 Performance Savings Offer – Up to $1,500 Bonus

Earn a bonus of $300, $750, or $1,500 based on how much you deposit in the first 15 days of account opening. You’ll also enjoy a high-yield savings rate of 4.25% APY.


How To Earn Bonus:

  1. Open a Capital One 360 Performance Savings account.
  2. Enter the promo code BONUS1500 during registration.
  3. Deposit $20,000 or more of external funds within the first 15 days of account opening.
  4. Maintain the deposit(s) in your account for 90 days after the 15-day initial funding period.
  5. Receive a bonus within 60 days after completing all offer requirements.

Who qualifies for the Capital One 360 bonus?

You qualify for the bonus, unless you have or had a 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now, or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2021.

What are the details?

Availability: Nationwide
Expiration: Ongoing from 4/3/24 (no expiration listed)
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: None
Early Account Termination Fee: None

When will I get my bonus?

The offer states that the bonus will be paid within 60 days of maintaining the qualified deposit(s) for 90 days. Here’s when you can expect to receive your bonus based on when you opened your account:

Account OpenedBonus Paid By
November 2023April 2024
December 2023May 2024
January 2024June 2024

Avoiding Fees

Fortunately, there are NO monthly fees to worry about and there’s no early account termination fees either.

Bonus Terms & Conditions

  • Capital One will deposit the bonus into your account within 60 days after you have completed all the requirements above, including fulfilling the 90-day holding period.
  • If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus. If at any time during the 90 days following the Initial Funding Period your Deposit Amount drops into a lower tier, you will be rewarded that tier’s cash bonus.
  • If your Deposit Amount decreases to an amount less than $20,000, you will not qualify for a cash bonus.
  • This offer cannot be combined with any other 360 Performance Savings account opening offers.
  • Only one promotional code is accepted per account.
  • Bonus is only valid for one new 360 Performance Savings account.
  • Bonuses are considered interest and will be reported on IRS form 1099-INT.

The Bottom Line

The deposit requirements are high for each bonus tier, but it’s definitely worth it if you have the cash and here’s why.

The bonus gives you a 1.50% return for holding your cash for about three months, but that’s on top of the 4.35% APY 4.25% APY (as of 4/16/24) this savings account provides.

For example, let’s say you deposit $50,000 during this promotion. In three months, you’d earn a $750 deposit bonus and $544 in interest for a total return of $1,294. That means your return is effectively a 7.17% APY.

Compare that to the $642.22 you’d earn in the same time period if you had saved it at UFB Direct, a savings account that’s offering an industry-best rate of 5.25% APY.

In my opinion, the difference of $639.78 is large enough to make doing this worthwhile. Unfortunately, I’m not eligible because I recently completed this promotion for existing customers.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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3 months ago

This sounds like a great deal and so I tried to sign up…but unfortunately was informed by Cap One that this deal expired 1/9/24.

2 years ago


Is this list up to date as of today? Thank you!

4 years ago

wish i had enough cash to get the $1000

David Manriquez
David Manriquez
2 years ago
Reply to  jimmyorton

How much do I need to deposit to get $1,000 dollars

Susannah Fucile
Susannah Fucile
4 years ago

Thank god for the new version of this deal, I’m a long ways off of having enough money for the $1,000 bonus 🙂

4 years ago

Sweet bonus if I had that amount of moolah available. Might do the $200 version.