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

+87 Deal Score
173,246 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
173,246 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 2019
L3: Novice
> bubble2 178 Posts
18 Reputation
RENJ2
10-23-2022 at 02:55 PM.
10-23-2022 at 02:55 PM.
I-Bonds are much better for anyone looking to park <$10k.

Though you won't get the bonus cash...
Reply
Joined Nov 2008
L10: Grand Master
> bubble2 8,102 Posts
607 Reputation
dtmamg
10-23-2022 at 03:20 PM.
10-23-2022 at 03:20 PM.
Quote from geekebay :
I did read the whole thread but I don't understand the part about the 1% bonus - Any details would be appreciated
Which promo
Reply
Joined Oct 2006
L5: Journeyman
> bubble2 686 Posts
228 Reputation
geekebay
10-23-2022 at 03:24 PM.
10-23-2022 at 03:24 PM.
Quote from dtmamg :
Which promo
The 1% referred to in the 3rd and 5th post in this thread
Reply
Joined Dec 2004
L4: Apprentice
> bubble2 385 Posts
236 Reputation
Pro
spacemidget
10-23-2022 at 03:29 PM.
10-23-2022 at 03:29 PM.
What are the daily withdrawal limits?
Reply
Joined Oct 2011
L3: Novice
> bubble2 212 Posts
32 Reputation
jwcalla
10-23-2022 at 03:47 PM.
10-23-2022 at 03:47 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
Although you're probably not eligible for the bonus, I would open a Performance Savings account and move your money out of the Money Market account into the new account so that you can get the better rate. This is what I had to do. I wasn't paying attention for awhile and didn't realize they created a new savings account with a better rate.

This can all be done online and will only take a couple of days to complete.
Reply
Joined Dec 2011
Two Minds Became One
> bubble2 13,978 Posts
Peerless_Warrior
10-23-2022 at 04:39 PM.
10-23-2022 at 04:39 PM.
Quote from spacemidget :
What are the daily withdrawal limits?
Aren't all savings accounts 6 withdrawals per month?
Reply
Joined Nov 2018
New User
> bubble2 16 Posts
10 Reputation
OrangeTeam799
10-23-2022 at 05:15 PM.
10-23-2022 at 05:15 PM.
Ally has a similar bonus one percent for all deposits but it's not tiered. Just do that
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Joined Nov 2008
L10: Grand Master
> bubble2 8,102 Posts
607 Reputation
dtmamg
10-23-2022 at 05:32 PM.
10-23-2022 at 05:32 PM.
Quote from Peerless_Warrior :
Aren't all savings accounts 6 withdrawals per month?
Not all banks
Reply
Joined Apr 2006
L6: Expert
> bubble2 1,139 Posts
145 Reputation
argentum
10-23-2022 at 05:34 PM.
10-23-2022 at 05:34 PM.
Quote from desitoyota :
Savings account is not a vehicle for investment. If you want to stay afloat of the inflation then stock or real estate could be better option.
This is to park your emergency fund. I prefer to keep 12 months of emergency funds in liquid cash and HYSA is the safest option. The rule of emergency fund is : what matters here is the return of the principal not the return on the principal.
I am not a financial adviser or any professional to give any financial advise. This is my personal opinion only . This is not a financial advise of any kind.
Both stock and real estate has been pumped crazy along with the insane fiat money printing during covid. While normally stock or real estate serves as good value conserve against inflation, they are not right now, even after some recent drop.

wait for a serious round of foreclosure wave before enter the market.
1
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Joined Dec 2011
Two Minds Became One
> bubble2 13,978 Posts
Peerless_Warrior
10-23-2022 at 06:55 PM.
10-23-2022 at 06:55 PM.
Quote from argentum :
Both stock and real estate has been pumped crazy along with the insane fiat money printing during covid. While normally stock or real estate serves as good value conserve against inflation, they are not right now, even after some recent drop.

wait for a serious round of foreclosure wave before enter the market.
Stocks not a good hedge against inflation? Where were you during GME, OSTK, TSLA, etc? Even 5k in any would've landed you groundbreaking gains.
2
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Joined Jul 2005
L6: Expert
> bubble2 1,631 Posts
993 Reputation
Tokar
10-23-2022 at 07:12 PM.
10-23-2022 at 07:12 PM.
Quote from OrangeTeam799 :
Ally has a similar bonus one percent for all deposits but it's not tiered. Just do that
Correct. If you are just looking to park money in a savings/money market account and the amount you are looking to keep there is not $100,000, then there is no point in doing this deal. It is exactly the same - 1% bonus. You'll just lose out on the interest you would have otherwise made during the time you are transferring money to CapitalOne, and like you said, it is tiered. $20,000 gets you $200 at Ally, only $100 at CapitalOne. Now, if you have over $50,000, namely $100,000, that you wish to gain interest on, then you definitely should move money to CapitalOne since there is no maximum, whereas Ally caps out at $500 (which is 1% on $50,000) with $100,000 you'd get $500 at Ally, $1000 at CapitalOne.

In summary:
$1000 (minimum to trigger deal at Ally) up to exactly $99,999: stick with Ally
Exactly $100,000: CapitalOne.
Reply
Joined Dec 2006
L6: Expert
> bubble2 1,562 Posts
199 Reputation
GPz1100
10-23-2022 at 08:09 PM.
10-23-2022 at 08:09 PM.
This Jan 2019 look back period, that effectively amount to ~4 yrs. Does that mean next year their promo will be jan 2020? Or like discover, one bonus per lifetime?
Reply
Joined Sep 2012
L1: Learner
> bubble2 16 Posts
10 Reputation
Flyingput
10-23-2022 at 08:11 PM.
10-23-2022 at 08:11 PM.
I parked cash with the T-bills, 3 month or so, 4.1x% interest, risk free, no hassle, LOL
Reply
Joined Oct 2006
L7: Teacher
> bubble2 2,663 Posts
458 Reputation
Original Poster
desitoyota
10-23-2022 at 08:17 PM.
10-23-2022 at 08:17 PM.
Quote from Flyingput :
I parked cash with the T-bills, 3 month or so, 4.1x% interest, risk free, no hassle, LOL

Yes genius we all have. This is for people who want to hold cash in a HYSA.
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Joined May 2022
L1: Learner
> bubble2 13 Posts
22 Reputation
theAdmiral5star
10-23-2022 at 10:26 PM.
10-23-2022 at 10:26 PM.
Quote from Butcherboy :
so without me having to create a account just for the info how much do I need to put in to get my thousand-dollar bonus ?

and what additional Hoops do I need to jump through ?
10000 deposit gets you 100
50000 deposit gets you 500
100000 deposit gets you 1000.
LoL out of reach for me.
Reply
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