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Capital One 360 Performance Savings Account: Earn Up to $1500 Bonus Funds w/ 4.3% APY Expired

Deposit $20K-100K+
(New Capital 360 Accounts)
+142 Deal Score
294,862 Views
Capital One offers New Accounts: Capital One 360 Performance Savings Account: Earn Up to $1,500 Bonus Funds w/ 4.5% APY w/ deposits ranging from $20,000 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 FALL23 to receive this promotional bonus offer or when you follow the instructions listed below

Thanks to community member srhearts 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, 2021, you will be ineligible for this bonus offer.

Deal Instructions
  1. Open a new Capital One 360 Performance Savings Account w/ promo code FALL23 by December 6, 2023
  2. 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 4.30% (APY) Annual Percentage Yield
  3. Hold the deposit(s) in your account for 90-days after the 15-day Initial Funding Period ends
  4. 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

Original Post

Written by
Edited November 4, 2023 at 08:09 PM by
First post so please feel free to modify
DEPOSIT BONUS
$20,000 +$300
$50,000 +$750
$100,000 +$1,500

https://www.capitalone.com/bank/f...4fy23_1025


If you have or had an open
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, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.
Certain deposit transactions initiated through the Capital One website to retrieve funds from your external account are subject to limits. If you are subject to these limits, in order to meet the offer requirements, you would need to initiate the deposit by another external method, such as mobile deposit or setting the initial deposit to send (rather than be retrieved from) from your external financial institution.
Here's the full scoop on how to earn your bonus:
STEP 1—Open a 360 Performance Savings account between 12:00 a.m. ET on November 1, 2023, and 11:59 p.m. ET on December 6, 2023. When you open your account, ensure the promo code FALL23 is entered in the Promo Code box.
STEP 2—Initial Funding Period. Deposit a total of $20,000 or more (Deposit Amount) of new money from externally sourced funds (transfers between Capital One accounts will not qualify) within the first 15 days of account opening (Initial Funding Period).
STEP 3—Hold Period. You will earn a bonus once you've maintained the Deposit Amount of $20,000 or more for 90 days following the Initial Funding Period. The Initial Funding Period is defined as the first 15 days from account opening, and the 90-day Hold Period does not begin until after the full 15-day Initial Funding Period.
The amount of your bonus will be determined as follows:
$300 bonus—The new money deposited from an external bank during the Initial Funding Period was between $20,000-$49,999.99, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
$750 bonus—The new money deposited from an external bank during the Initial Funding Period was between $50,000-$99,999.99, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
$1,500 bonus—The new money deposited from an external bank during the Initial Funding Period was $100,000 or more, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
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 tier's 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.
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Deal
Score
+142
294,862 Views
Deposit $20K-100K+
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.

537 Comments

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Featured Comments

Jeez...wildly inaccurate posts like this should be deleted. You don't seem to understand that you are getting both a signup bonus AND the ongoing high-yield (currently 4.3%) interest. Please feel free to correct my math here, but I think the combined bonus puts the effective APY over 6% for the first year. Good luck finding any other liquid investment with a guaranteed yield like that.

Pretty good deal for someone who doesn't already have a Cap360 account (since existing or recent savings account holders don't seem to be eligible).
the capital one account also has 4.3% apy so it would be higher
That is not how this works.

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Joined Oct 2014
L3: Novice
> bubble2 112 Posts
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Original Poster
srhearts
11-04-2023 at 12:23 PM.
11-04-2023 at 12:23 PM.
Quote from Pookymeister :
"Not eligible for this offer. You're not eligible to use the promo code FALL23. This promo only applies to new customers." I've had my account forever.
no just called and confirmed. You don't have to be new customer. Please call and confirm
4
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Joined Nov 2016
L6: Expert
> bubble2 1,526 Posts
1,008 Reputation
empirefalls1
11-04-2023 at 03:01 PM.
11-04-2023 at 03:01 PM.
any coupon codes of cash for the offer?
3
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Joined Feb 2010
L6: Expert
> bubble2 1,509 Posts
376 Reputation
nojmplease
11-04-2023 at 06:25 PM.
11-04-2023 at 06:25 PM.
Quote from RockHardRockCrawler :
Sure let me just easily fork up $100k to get this deal. Pass
Few people are likely doing the full $100k. The bonus is tiered proportionally, so from an APY perspective, even moving $20k for a few months into this makes sense, since you're unlikely to find another liquid investment with a comparable guaranteed return in that time frame.
Reply
Joined Jul 2006
Techno Wiz
> bubble2 36 Posts
12 Reputation
manz123
11-04-2023 at 06:42 PM.
11-04-2023 at 06:42 PM.
Moved 101k. Will be in account 1-2 biz days. Streamlined process. Looking forward for the bonus plus interest
Reply
Joined Oct 2014
L3: Novice
> bubble2 112 Posts
102 Reputation
Original Poster
srhearts
11-04-2023 at 06:52 PM.
11-04-2023 at 06:52 PM.
Quote from RockHardRockCrawler :
Sure let me just easily fork up $100k to get this deal. Pass

Probably for someone who has 100k sitting somewhere else and don't need it for 90 days
Reply
Joined Aug 2014
TheCeladon
> bubble2 158 Posts
21 Reputation
KonaKaiKen
11-04-2023 at 08:26 PM.
11-04-2023 at 08:26 PM.
I jumped on a similar offer by Capital One some years ago. After making my initial deposit I waited months for the bonus deposit. When it didn't happen I called to complain. The agent on the phone agreed that I was due the bonus and deposited it into my account but in small $50 increments that totaled the amount I was due. This is unethical business practice. They're hoping you won't check for the deposit months later. I decided after this incident that I wasn't going to use Capital One Bank. I do use their credit card though that I've never had a problem with.
6
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Joined Dec 2016
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> bubble2 577 Posts
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samsungs70
11-04-2023 at 08:49 PM.
11-04-2023 at 08:49 PM.
Isn't buying tbills with the interest rate of more than 5.5% (6 months) a bit better than this deal?
5
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Joined May 2006
E - 1/2 - junk - 3/4 - F
> bubble2 3,522 Posts
537 Reputation
dregan
11-04-2023 at 08:54 PM.
11-04-2023 at 08:54 PM.
Please double check my mafs,
5.8% apy for a year, 4.3% + 1.5%
However back of the envelope calculation:
$100k @ 4.3% for 5 months (max time to get bonus) = $1792 + $1500 bonus = ($3292 x 12 / 5) / $100k = 7.9% apy (or better) equivalent?!!?!
Holy cow!!!
Reply
Last edited by dregan November 4, 2023 at 09:00 PM.
Joined Nov 2012
L5: Journeyman
> bubble2 1,573 Posts
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rking0122
11-04-2023 at 08:57 PM.
11-04-2023 at 08:57 PM.
Quote from Pookymeister :
"Not eligible for this offer. You're not eligible to use the promo code FALL23. This promo only applies to new customers." I've had my account forever.

Did this message appear when you tried online? Or was it a phone call?

I am just trying to gauge whether I'll get a warning before opening the account. I've had Cap One accounts in the past—and I'm pretty sure they're closed long enough ago, but it would be nice to know ahead of time.
Reply
Joined Feb 2008
L6: Expert
> bubble2 1,038 Posts
92 Reputation
milestoempty
11-04-2023 at 09:03 PM.
11-04-2023 at 09:03 PM.
Just moved 100 over to ML Preferred Deposit. That's 5.02% a month.

Tired of moving this cash around lol.
1
Reply
Joined Apr 2015
L3: Novice
> bubble2 195 Posts
26 Reputation
jwredsox
11-04-2023 at 09:06 PM.
11-04-2023 at 09:06 PM.
I've had a 360 performance since January 2020 so I wonder if I'm eligible.
Reply
Joined Oct 2014
L3: Novice
> bubble2 112 Posts
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Original Poster
srhearts
11-04-2023 at 09:58 PM.
11-04-2023 at 09:58 PM.
Quote from rking0122 :
Did this message appear when you tried online? Or was it a phone call?

I am just trying to gauge whether I'll get a warning before opening the account. I've had Cap One accounts in the past—and I'm pretty sure they're closed long enough ago, but it would be nice to know ahead of time.
please call them and confirm. You might ask for call reference number for future
Reply
Joined Oct 2014
L3: Novice
> bubble2 112 Posts
102 Reputation
Original Poster
srhearts
11-04-2023 at 10:01 PM.
11-04-2023 at 10:01 PM.
Quote from jwredsox :
I've had a 360 performance since January 2020 so I wonder if I'm eligible.
yes as I know
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Joined Jul 2019
L5: Journeyman
> bubble2 848 Posts
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SIX29P
11-04-2023 at 10:36 PM.
11-04-2023 at 10:36 PM.
Man that was quick and easy! Let's go high yield, help me battle inflation!
Reply
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