Capital One is offering their
Capital One 360 Performance Savings Account: Earn Up to $1,000 Bonus Funds w/ 3.5% APY w/ deposits ranging from
$10,000 to $100,000 of external funds (
within the 15-day Initial Funding Period Only) when you
open a new account and fund the account and apply promo code
SPRING23 to receive this promotional bonus offer or when you follow the instructions listed below
Thanks to community member
henry333 for finding this deal
Note, offer valid for New Capital One 360 Performance Saving Account only. If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary/secondary account holder with Capital One
on or
after January 1, 2020, you will be ineligible for this bonus offer.
Deal Instructions- Open a new Capital One 360 Performance Savings Account w/ promo code SPRING23 by May 10, 2023
- Note, offer does not extend to users that have open on or after January 1, 2020
- Deposit up to $100,000+ of external funds during the 15-day Initial Funding Period after opening your account
- Bonus Funds
- Deposit $10,000+ & Earn $100 Bonus Funds
- Deposit $50,000+ & Earn $500 Bonus Funds
- Deposit $100,000+ & Earn $1,000 Bonus Funds
- This exclusive offer will grant you the bonus and a high yield savings rate of 3.50% (APY) Annual Percentage Yield
- 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
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$50,000 gets you $500
$100,000 gets you $1,000.
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Yes. CIT is how owned by First Citizens Bank based out of Raleigh NC. FCB is the bank that just bought SVB (California bank that had a bank run). FCB is a smaller regional bank but is apparent expert in taking over failed banks since decades ago. CIT is offering a decent APY on its savings as well as no penalty CD
Not everyone knows how to manage nor wants brokered CDs
CIT, Citibank and some offer better APY on CDs. Fed is expected to raise interest rate by up to 25bps next month, so if you think that will happen and will be passed down by banks, then plan accordingly
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Deposit 100K, wait the 90 days and then either transfer out to a higher yield account or keep it in. After 90 days and the bonus you are way above any rate out there for that period of time
Deposit 100K, wait the 90 days and then either transfer out to a higher yield account or keep it in. After 90 days and the bonus you are way above any rate out there for that period of time
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You assume that everyone is savvy with using a brokerage and understands how brokered CDs work. One big diff that you don't point out and that people should know is that with brokered CDs your interest is not compounded unlike in regular CDs. You're responsible for manually reinvesting interest earned
I know that's finicky haha, but with so many other banks out there we went with someone else.
We have really enjoyed Marcus by Goldman Sachs. Super clean UI, took 5 minutes to open up, transfers from other banks start earning interest the same day if the transfer is before ~3pm EST.
Marcus just bumped up to 3.9% APY and if you use a referral link to sign up, you get an additional 1% for 90 days. And you can refer 5 people and stack the 90 days for a total of 15months extra 1% APY.
If you don't have any friends/family with an account already, I'm happy to DM you my referral link to start.
Good luck!
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Dumb question but 33% is the rate? So basically only like $660ish