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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
294,902 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
294,902 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 Apr 2011
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> bubble2 1,184 Posts
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newbharry
11-06-2023 at 04:43 PM.
11-06-2023 at 04:43 PM.
Quote from mhassan6 :
Using a simple math. 4.30%+1.50%=~5.80%. You get about 5.50% from 4mo bill and that is state tax free.
They really need to teach finance 101 in schools these days..
Reply
Joined Apr 2011
L6: Expert
> bubble2 1,184 Posts
558 Reputation
newbharry
11-06-2023 at 04:44 PM.
11-06-2023 at 04:44 PM.
Quote from d_wave27 :
Not sure if it's worth moving from Marcus which is paying 5.4%…
Marcus pays 5.5 if u have aarp
Reply
Joined Apr 2011
L6: Expert
> bubble2 1,184 Posts
558 Reputation
newbharry
11-06-2023 at 04:45 PM.
11-06-2023 at 04:45 PM.
Quote from scorpionguy :
Have u received the $250 already as it said bonus would be credited by Nov 30th. Though requirement was to keep the money in account till 30th October. I haven't yet received the bonus or confirmation so thinking should I wait till I receive the discover saving boost bonus. Any comments?
U should get bonus as long as u fulfill.. so yeh I moved it out already on Nov 1
Reply
Joined Feb 2009
L2: Beginner
> bubble2 33 Posts
18 Reputation
jarofasheesh
11-06-2023 at 05:56 PM.
11-06-2023 at 05:56 PM.
Quote from newbharry :
No the effective rate is higher because 1.5% needs to multiply by 4 since you're only doing this for 1 qtr of the year...

It's 6% + 4.3%
no... the effective rate is still the amount you yield at the end of the annum...
Reply
Joined Oct 2010
L6: Expert
> bubble2 1,940 Posts
791 Reputation
bens_brother
11-06-2023 at 06:02 PM.
11-06-2023 at 06:02 PM.
The calculation has been all over the place, here is what it should be:

For the 90 days:
Bonus: 1500/100,000 = 1.5% -> annualized 1.5 x 365 / 90 ~= 6%
Regular rate that comes with the savings account: 4.3%
So for the 90 days you park your money there, you are getting annualized rate of 4.3+6 ~=10.3%

Obviously you are not going to park the money longer than you need to get the bonus, as there are other better options. But for the 90 days, this is a great deal for a guaranteed return assuming the 4.3% remain unchanged, and you are cleared for getting the $1500 bonus at the end.

hope this helps.
Reply
Joined Feb 2019
L2: Beginner
> bubble2 26 Posts
10 Reputation
MellowGoat413
11-06-2023 at 07:00 PM.
11-06-2023 at 07:00 PM.
Just a question. If you have capital one credit card you can still get the bonus right
Reply
Joined Apr 2011
L6: Expert
> bubble2 1,184 Posts
558 Reputation
newbharry
11-06-2023 at 07:23 PM.
11-06-2023 at 07:23 PM.
Quote from bens_brother :
The calculation has been all over the place, here is what it should be:

For the 90 days:
Bonus: 1500/100,000 = 1.5% -> annualized 1.5 x 365 / 90 ~= 6%
Regular rate that comes with the savings account: 4.3%
So for the 90 days you park your money there, you are getting annualized rate of 4.3+6 ~=10.3%

Obviously you are not going to park the money longer than you need to get the bonus, as there are other better options. But for the 90 days, this is a great deal for a guaranteed return assuming the 4.3% remain unchanged, and you are cleared for getting the $1500 bonus at the end.

hope this helps.
Someone needs to pin this to the first post to educate those who are saying this is only 4% blahblah and t bill is better
Reply

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Joined Sep 2009
L6: Expert
> bubble2 1,289 Posts
d0min0
11-06-2023 at 07:49 PM.
11-06-2023 at 07:49 PM.
whats the wire transfer info for capital one savings? i can't find it anywhere on the website. i'm having trouble with the ACH method and plus i don't think chase will allow me to push 100k. i think chase only allow me to push 5k each day to newly added external accounts. for some reason i can't add any external accounts within capital one to initiate a ACH pull.
Reply
Joined Jul 2006
Techno Wiz
> bubble2 36 Posts
12 Reputation
manz123
11-06-2023 at 08:46 PM.
11-06-2023 at 08:46 PM.
Quote from hunterssze :
How do you move so much, isn't there an ach limit?
Ach transfer. My older savings account was already linked with cap one when i utilized the 5% CD. Just initiated transfer. Its not instantaneous but takes a few days. We loose interest for those days but oh well…
Reply
Joined Sep 2010
L5: Journeyman
> bubble2 541 Posts
100 Reputation
MikePWV
11-06-2023 at 09:33 PM.
11-06-2023 at 09:33 PM.
I have a 100K CD with ally that matures in Feb. Worth paying the $500ish penalty?
Reply
Joined Oct 2010
L6: Expert
> bubble2 1,940 Posts
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bens_brother
11-06-2023 at 09:41 PM.
11-06-2023 at 09:41 PM.
Quote from Mike360 :
I have a 100K CD with ally that matures in Feb. Worth paying the $500ish penalty?

What's your interest rate on that CD?
Reply
Joined Aug 2016
New User
> bubble2 1 Posts
10 Reputation
paul.westerberg
11-06-2023 at 11:16 PM.
11-06-2023 at 11:16 PM.
Judging by the terms and conditions you are eligible for this offer if you have an existing 360 Checking account (opened at any point in time)? Does anyone know for sure?
Reply
Joined Aug 2019
L2: Beginner
> bubble2 28 Posts
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Cincycool
11-07-2023 at 04:21 AM.
11-07-2023 at 04:21 AM.
Quote from lars.peter.oskarsson :
Judging by the terms and conditions you are eligible for this offer if you have an existing 360 Checking account (opened at any point in time)? Does anyone know for sure?
From the offer page/link

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.

Reply
Joined Feb 2010
L6: Expert
> bubble2 1,509 Posts
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nojmplease
11-07-2023 at 05:06 AM.
11-07-2023 at 05:06 AM.
Quote from paul.westerberg :
Judging by the terms and conditions you are eligible for this offer if you have an existing 360 Checking account (opened at any point in time)? Does anyone know for sure?
An existing 360 Checking is totally fine.
Reply

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Joined Jul 2011
L6: Expert
> bubble2 2,575 Posts
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trooper1414
11-07-2023 at 05:53 AM.
11-07-2023 at 05:53 AM.
Does anyone know how easy is it to withdraw funds at the end of the offer?
Reply
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