Original Post
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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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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).
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How do you move so much, isn't there an ach limit?
Only 3 months but better than nothing I guess.
Good deal in my book.
[edit] apparently I've signed up before…no idea when. Okay worst deal ever 🙃
did they sound like a mouth breather?
i ask because it is not that hard to call any bank or any firm nowadays and get some phone rep to give you incorrect information.
it seems like the rep misunderstood the rules.
the official terms and conditions says if you have an account at any point between today and jan 2021, you are not eligible.
the rep cant just overrule the terms and conditions. did the rep put you on hold and convene a meeting with the legal department where they said "yup, the terms and conditions us lawyers wrote on the website is just a prank, we will give this deal to people who already have an account too, we tell everyone they are illegibile but it's like a willy wonka chocolate factory thing, and we give it to anyone who catches the lucky mouth breathing customer service rep we had planted in the call center" i doubt that
Tired of moving this cash around lol.
You mean 5.02 a year, it's never a month.
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This is giving 4.3% plus a bonus.
It isn't painful. I've had two of these accounts for almost a year along with my CapOne credit cards for over 20 years. It works as the rules list it.
When ready to transfer, consider also using the other account to extract the funds from the CapOne account.
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