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Edited April 12, 2024
at 09:27 PM
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Looks a lot like the Fall23 signup bonus, now accessible with full details in below link. 0.05% APY better than prior offers too.
Deal Instructions:- Open a new Capital One 360 Performance Savings Account [capitalone.com] w/ promo code BONUS1500
- Deposit $20,000+ of external funds within the 15-day Initial Funding Period after opening your account
- Bonus Funds
- Deposit $20,000+ & Earn $300 Bonus Funds
- Deposit $50,000+ & Earn $750 Bonus Funds
- Deposit $100,000+ & Earn $1,500 Bonus Funds
- This exclusive offer will grant you the bonus and a high yield savings rate of 4.35% (APY) Annual Percentage Yield - Now 4.25%
- Hold the deposit(s) in your account for 90-days after the 15-day Initial Funding Period ends
- Earn the bonus funds in your new account within 60-days after holding
- Note, bonuses are considered interest and will be reported on IRS form 1099-INT
BONUS1500 Promo code during account creation to be eligible. I've personally just gone through this today, and the promo was auto-applied, showing in top banner of each page as I went through the signup. They almost caught me to create a new Savings account too with a single click, but skipped that one. On the following screen it showed me my new account and routing numbers, along with the promo details, the code and terms listed yet again.
No published expiry date at this time.
Qualifying deposit will be judged by the balance in your account from days 15-105 of account opening. For example, if you had funded the account with $50 on day 2, but then transferred $99,950 on day 14, you're eligible for $1500 bonus back in your account by day 165 of account opening. Alternatively, if you added $20,001 on day 2 and left it there until withdrawing $2 on day 104, you will receive a $0 bonus.
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This is the same for the other deposit amounts.
They clearly address that at the beginning of the footnotes at bottom of main deal page, listing multiple account types open with them "on or after January 1, 2022" as making you ineligible for this offer. I'd encourage all to RTFM for straightforward questions like these.
APY
Amex: 4.35
Sofi: 4.6, $300 bonus direct deposit
Synchrony: 4.75
Wealthfront: 5.00 (get .5 bonus for 3 months if you refer a friend)
Citbank: 5.05 (5k minimum deposit)
Texas capital: 5.1
Everbank: 5.15
Ufb direct: 5.25
Western alliance: 5.36
For 100k you would earn $5,360 per year at Western versus $4,350 + 1500 = $5,850 with the Capital One deal. If you have less than 100k to invest the other options are better.
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For reference, I opened one of these accounts today, and skipped the transfer funds step. Around lunch time I added my source bank details in Cap1 portal, from one of the biggest US banks, to transfer 1 lump sum. Didn't even need to go through the step that takes a few days for me to verify the few pennies of test transfers.
Now saying they will have my funds next Wed.
I assume this will vary slightly for everyone, but take this as a sign that you MUST start to fund the account within a week of opening, or your balance on day 15 may not meet the threshold you want if the transfer hasn't yet fully settled.
Don't allow Cap1 the loophole to claw back the bonus!
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You're not eligible to use the promo code BONUS1500. This promo only applies to new customers.
You can still open your new account in less than 5 minutes without a promo code—want to continue?
I had an account with them but was closed in 2019. I've a C1 credit card that was recently opened. Not sure why it's excluding me from the promotion.
Edit: it appears to be once in lifetime kind of promotion, since I did have this account closed in 2019. Bummer.
APY
Amex: 4.35
Sofi: 4.6, $300 bonus direct deposit
Synchrony: 4.75
Wealthfront: 5.00 (get .5 bonus for 3 months if you refer a friend)
Citbank: 5.05 (5k minimum deposit)
Texas capital: 5.1
Everbank: 5.15
Ufb direct: 5.25
Western alliance: 5.36
For 100k you would earn $5,360 per year at Western versus $4,350 + 1500 = $5,850 with the Capital One deal. If you have less than 100k to invest the other options are better.
If you are trying to maximize the benefit, this isnt the way to calculate it.
You get the bonus after 90 days (3 months). At that point, you can always cash out and go to another better options.
Western interest for 90 days: $5360×3 months/12months = $1340
Captial: $4350×3/12 +$1500 = $2587.
It's pretty much double the benefit in 3 months time frame.
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