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.
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Capital One 360 Performance Savings Offer โ 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. Youโll also enjoy a high-yield savings rate of 4.25% APY.
Deposit(s) | Bonus |
$20,000 | $300 |
$50,000 | $750 |
$100,000 | $1,500 |
How To Earn Bonus:
- Open a Capital One 360 Performance Savings account.
- Enter the promo code BONUS1500 during registration.
- Deposit $20,000 or more of external funds within the first 15 days of account opening.
- Maintain the deposit(s) in your account for 90 days after the 15-day initial funding period.
- 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. Hereโs when you can expect to receive your bonus based on when you opened your account:
Account Opened | Bonus Paid By |
November 2024 | April 2025 |
December 2024 | May 2025 |
January 2025 | June 2025 |
Avoiding Fees
Fortunately, there are NO monthly fees to worry about and thereโs 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 tierโs 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 itโs definitely worth it if you have the cash and hereโs why.
The bonus gives you a 1.50% return for holding your cash for about three months, but thatโs on top of the 4.25% APY (as of 9/19/24) this savings account provides.
For example, letโs say you deposit $50,000 during this promotion. In three months, youโd 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 youโd earn in the same time period if you had saved it at UFB Direct, a savings account thatโs offering an industry-best rate of 4.83% APY.
In my opinion, the difference of $639.78 is large enough to make doing this worthwhile. Unfortunately, Iโm not eligible because I recently completed this promotion for existing customers.
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.
Hi Ken – yes, it’s now expired. I put the latest expiration date of January 9 in the offer details, but don’t worry about missing it. This promotion reappears often with slightly different terms. I’ll update this post when a new offer is available.
Hello
Is this list up to date as of today? Thank you!
We update the list every month, so yes ๐
wish i had enough cash to get the $1000
How much do I need to deposit to get $1,000 dollars
Thank god for the new version of this deal, I’m a long ways off of having enough money for the $1,000 bonus ๐
Sweet bonus if I had that amount of moolah available. Might do the $200 version.