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Up to $1000 Bonus for new Capital One 360 saving account

+87 Deal Score
173,519 Views
Open a capital one savings account by 12/24 and fund the account in 15 days and have a party. You have to hold the fund for 90 days. APY 2.35% as we speak.
I guess this is similar to Ally bank doing 1% bonus deal, but Capital one has physical banks in North East and customer service is better than Ally Bank
Up to $1000 bonus based on your deposit amount.


https://www.capitalone.com/bank/fall22/
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Deal
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+87
173,519 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Oct 2006
L7: Teacher
> bubble2 2,663 Posts
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Original Poster
desitoyota
10-22-2022 at 02:15 PM.
10-22-2022 at 02:15 PM.
Quote from gubbar :
It is. Spouse and 2 kids so that makes 4 of us. Just reading around. I think I can do 20 more for the two llcs i have so if i couldn't find anything else I will park there. This is my reserve fund so wont mind early withdrawal if at all needed.

also money is already parked in discover so set there.

You can't withdraw it for 1 year
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Joined Nov 2006
L10: Grand Master
> bubble2 6,687 Posts
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DKTVPN
10-22-2022 at 02:27 PM.
10-22-2022 at 02:27 PM.
Quote from SlickGatsby :
Dumb question but I already have a capitalone360, can I get in on this promo at all? Willing to put in more money.
Quote from dtmamg :
If you have the sav, you will not.

Heck, I do not have the sav, only chk, they still denied me nvm, plenty of banks out there
Quote from gubbar :
denied how? i hv 360 money market, was gonna give it a shot

nm- saw further down 360 money market makes it ineligible for this bonus. oh well.
Quote from JollyReward108 :
The fine print says you are not eligible if have or have had an 360 account in the past so many months.
But, if you received the invitation email like me with the last 4 digits of your account you are eligible for the bonus.
Quote from dtmamg :
I clicked the offer, went thru log in, they verified and said i am current customer. Only have chk , oh well, plenty other offers
- No email offer.
- Used the link in OP to log in.
- Having ACTIVE checking and old Money Market ING with them years ago.

Successfully opened Bonus Account with them, waiting to verify external account to transfer money.
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Joined Jun 2015
L4: Apprentice
> bubble2 408 Posts
141 Reputation
badger1440
10-22-2022 at 02:39 PM.
10-22-2022 at 02:39 PM.
Quote from AshishB4265 :
Is the sofi bonus not better?

https://www.sofi.com/banking-2-dr...edId=&ami=
The direct deposit kills it for me, It takes about 3 months to get Social Security changed to a new account. It seems they have all the other transfer methods closed up, so they dont work.

If not for the DD, I would be all in this one.
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Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
10-22-2022 at 02:59 PM.
10-22-2022 at 02:59 PM.
Quote from desitoyota :
You can't withdraw it for 1 year
not true..... as far aasi know.... put in 30k...me,wife,kid, you loss two months of interest.

But i have no issues as long as it pays well.

Thinking about this.... got 50k, but is $500 worth it..... already have three different banks
1
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Joined Mar 2016
L4: Apprentice
> bubble2 420 Posts
30 Reputation
Jacky16
10-22-2022 at 03:02 PM.
10-22-2022 at 03:02 PM.
I already have a 360 account, am I eligible for the promo?
1
Reply
Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
10-22-2022 at 03:03 PM.
10-22-2022 at 03:03 PM.
Quote from badger1440 :
The direct deposit kills it for me, It takes about 3 months to get Social Security changed to a new account. It seems they have all the other transfer methods closed up, so they dont work.

If not for the DD, I would be all in this one.
as a small business owner i dont have direct deposit.
Reply
Joined Aug 2015
L3: Novice
> bubble2 226 Posts
14 Reputation
muthukumaran.1234
10-22-2022 at 03:11 PM.
10-22-2022 at 03:11 PM.
Thanks OP for sharing this!. Unfortunately, unlike Ally, Capital one chooses to exclude current customers...its carefully hidden away at the end in the foot notes but basically this is new money ONLY from NEW customers.
1
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Joined Mar 2016
L4: Apprentice
> bubble2 420 Posts
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Jacky16
10-22-2022 at 03:39 PM.
10-22-2022 at 03:39 PM.
Quote from beephy :
This is a pretty incredible short-term investment to preserve your capital with the inflation that we are seeing.

I know of a guaranteed rate of return of over 8% with one of the safest investment vehicles. Everyone that reads this look up "I bonds" through the treasurydirect.gov website (government) and recent videos on YouTube. It's based off of the CPI inflation number. Caveat is you have to hold the funds for 12 months before you can withdraw and the government is only allowing $10,000 per person invested. But anyone with a social security number including your kids can invest 10K. Also learn about the gift box loophole.

Just YouTube "I bonds". I just found out about them a few days ago. Just make sure you invest before the end of the month so you lock in the 9.62% interest rate on the bond. You will get that for 6 months and then I believe 6.4% for the following because they have already announced the inflation number. It's a government bond You can purchase in like 5 or 10 minutes on the government website. Kind of like treasuries.

This is not spam. Just trying to help everyone protect themselves from the devaluing dollar. Although banks seem safe, anything can happen with a commercial bank. We just have never lived through it. Almost with Lehman Brothers and Bear Stearns in the last global financial collapse. This is a government-backed bond with a incredibly high interest rate. The only guaranteed investment right now. Just make sure it's only the cash that you were intending to park and not use for 12 months.

Batten down the hatches. Eventually when this all plays out, it is going to be a wild one. Sorry to sound grim. I study this stuff.
Dude, you would at most put 100k in this account for the promo and FDIC limit is 250k. Don't see any risk here although what you said is worth considering too.
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Joined Oct 2008
L5: Journeyman
> bubble2 665 Posts
225 Reputation
younodadeal
10-22-2022 at 03:53 PM.
10-22-2022 at 03:53 PM.
Quote from vat112 :
Good luck trying to time the markets and leaving $100k in cash during this kind of inflationary period

The beatings in the market could very well continue. Return Of investment is sometimes more critical than return On investment. Don't fight the Fed...
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Last edited by younodadeal October 22, 2022 at 03:59 PM.
Joined Oct 2006
L7: Teacher
> bubble2 2,663 Posts
458 Reputation
Original Poster
desitoyota
10-22-2022 at 04:06 PM.
10-22-2022 at 04:06 PM.
Quote from SlickCrowd6832 :
not true..... as far aasi know.... put in 30k...me,wife,kid, you loss two months of interest.

But i have no issues as long as it pays well.

Thinking about this.... got 50k, but is $500 worth it..... already have three different banks

Check again. You can't pull the money for 1 year and if you pull before 5 years you loose last 3 month you nterest
Reply
Joined Dec 2020
L2: Beginner
> bubble2 37 Posts
14 Reputation
Dead--First
10-22-2022 at 04:39 PM.
10-22-2022 at 04:39 PM.
But Treasury notes are paying 4.5% now this is not a good deal
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Joined Dec 2010
L5: Journeyman
> bubble2 1,744 Posts
133 Reputation
britdude
10-22-2022 at 04:54 PM.
10-22-2022 at 04:54 PM.
Quote from MatthewM5463 :
So can I just long term leave my money in the new account and earn 2.35%? For me it seems like a win win because my current capitol one account is only earning .8 right now
There are better returns than 0.8%.
There are better returns than 2.35%

Have you looked up I-Bonds ? Return Numbers are significantly better 👍
Reply
Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
10-22-2022 at 05:53 PM.
10-22-2022 at 05:53 PM.
Quote from desitoyota :
Check again. You can't pull the money for 1 year and if you pull before 5 years you loose last 3 month you nterest
No big deal....
And once inflation drops, I will put it like everyone else... but then you will not get your 9%... it will be paying like 2%. Ibond is a freebie for the rich.... definitely jump on this. I have had one for almost a year.
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Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
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SlickCrowd6832
10-22-2022 at 05:55 PM.
10-22-2022 at 05:55 PM.
Quote from britdude :
There are better returns than 0.8%.
There are better returns than 2.35%

Have you looked up I-Bonds ? Return Numbers are significantly better 👍
OK... and after Ibond? We have money sitting in the bank making almost nothing.
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Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
10-22-2022 at 06:02 PM.
10-22-2022 at 06:02 PM.
Quote from britdude :
There are better returns than 0.8%.
There are better returns than 2.35%

Have you looked up I-Bonds ? Return Numbers are significantly better 👍
I also feel like a bum cause I know I am getting 0.03% through BofA. Going to get a high interest account somewhere.
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