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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
298,960 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 09:09 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
298,960 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 Sep 2018
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> bubble2 1,807 Posts
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Ryson11
11-07-2023 at 05:57 PM.
11-07-2023 at 05:57 PM.
So is there a limit of $5K transfer per day or what? Someone said that they couldn't transfer more than $5K to fund new 360 account? How do you fund $100K then lol?
Reply
Joined May 2008
L6: Expert
> bubble2 1,329 Posts
471 Reputation
bkobe7
11-07-2023 at 06:04 PM.
11-07-2023 at 06:04 PM.
Quote from Ryson11 :
So is there a limit of $5K transfer per day or what? Someone said that they couldn't transfer more than $5K to fund new 360 account? How do you fund $100K then lol?
Push transfer from an external account. Don't initiate it with Capital One where there are stricter limits.
Reply
Joined May 2008
L6: Expert
> bubble2 1,329 Posts
471 Reputation
bkobe7
11-07-2023 at 06:05 PM.
11-07-2023 at 06:05 PM.
Quote from Exposure :
Just to clarify, this is a savings account so the APY is subject to change over time right?
After 106 days, it could drop from 4.5% to like 4%.

Would a 5.5% CD be just as profitable?

Thanks in advance for answering my questions, not super knowledgeable about this stuff
Don't think so. I believe C1's rate would have to drop to ~0.4% immediately after you deposited your cash just to make a 5.5% CD more profitable over the 105 days...but it probably won't Smilie
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,807 Posts
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Ryson11
11-07-2023 at 06:06 PM.
11-07-2023 at 06:06 PM.
Quote from bkobe7 :
Push transfer from an external account. Don't initiate it with Capital One where there are stricter limits.
How do you take it out after the 90 day then?
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,807 Posts
70 Reputation
Ryson11
11-07-2023 at 06:12 PM.
11-07-2023 at 06:12 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.
Curious if 4.3% looks to be across the board for most High-yield savings, why wouldn't you just leave the funds in this account then? Where else is better?
Reply
Joined May 2008
L6: Expert
> bubble2 1,329 Posts
471 Reputation
bkobe7
11-07-2023 at 06:38 PM.
11-07-2023 at 06:38 PM.
Quote from Ryson11 :
How do you take it out after the 90 day then?
I would imagine a combination of push transfer(s) from Capital One and pull transfer(s) from external accounts. Other possibilities include wire transfers or transfers to a Capital One checking account if you have one where you can write a check to yourself.
Reply
Joined Mar 2013
L5: Journeyman
> bubble2 921 Posts
applepie100
11-07-2023 at 06:42 PM.
11-07-2023 at 06:42 PM.
Quote from bkobe7 :
Push transfer from an external account. Don't initiate it with Capital One where there are stricter limits.

But external banks also have limits too, right? How can someone fund the account $100k in only 15 days? And even if possible, you would have to pay some fees (as someone said in earlier posts), right?
Reply

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Joined Sep 2015
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> bubble2 1,503 Posts
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soloma
11-07-2023 at 08:54 PM.
11-07-2023 at 08:54 PM.
Quote from perdeal :
Doesn't make sense, what's stopping you from closing that account and getting a cashier check to make a deposit?
Agree, doesn't make sense. External is a CIT bank. I created ach pull transfer at C1 for 4500, it went through. Then I tried to create one more for 4500 and it activated fraud prevention and locked all my accounts at C1. I called c1, completed verification but C1 refused to unlock accounts and asked to do 3 way call with CIT bank so that they can listen to my verification at CIT. Now, does it make sense???
Reply
Joined Sep 2015
L6: Expert
> bubble2 1,503 Posts
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Pro
soloma
11-07-2023 at 09:12 PM.
11-07-2023 at 09:12 PM.
Quote from Ryson11 :
So is there a limit of $5K transfer per day or what? Someone said that they couldn't transfer more than $5K to fund new 360 account? How do you fund $100K then lol?
Once you open C1 account C1 system (probably some stupid AI) will screen you and assign risk factor. Then it will impose ACH limits based on risk factor. They don't disclose ACH limits. You must call and cs rep will call another department to ask for your limits
Reply
Joined Aug 2005
L3: Novice
> bubble2 140 Posts
31 Reputation
-Vanguard-
11-07-2023 at 09:41 PM.
11-07-2023 at 09:41 PM.
Quote from Ryson11 :
So is there a limit of $5K transfer per day or what? Someone said that they couldn't transfer more than $5K to fund new 360 account? How do you fund $100K then lol?
I transferred 100K no problem. Took 4 days.
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,807 Posts
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Ryson11
11-07-2023 at 09:49 PM.
11-07-2023 at 09:49 PM.
Quote from -Vanguard- :
I transferred 100K no problem. Took 4 days.

Did you external transfer or pull from Chase? Apparently Chase has ACH limit.
Reply
Joined Dec 2014
L10: Grand Master
> bubble2 7,985 Posts
487 Reputation
someoneslick
11-07-2023 at 10:04 PM.
11-07-2023 at 10:04 PM.
Got this offer emailed to me, but it's pretty ridiculous only $300 for $20k. Meanwhile, chase had the deal for $900if you put less than that in one and do a direct deposit into a checking acct. Only problem is the idiots gave me a message saying they could not open accounts for me, even though they do business with me on 3 credit cards. Wondering if my address having a typo on my id caused it, as they asked for my id number.
Reply
Joined Oct 2014
L3: Novice
> bubble2 119 Posts
102 Reputation
Original Poster
srhearts
11-07-2023 at 10:15 PM.
11-07-2023 at 10:15 PM.
Quote from bkobe7 :
Push transfer from an external account. Don't initiate it with Capital One where there are stricter limits.

I transferred 101k in one time from ally
Reply
Joined Nov 2014
L3: Novice
> bubble2 121 Posts
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sleepybird
11-08-2023 at 07:18 AM.
11-08-2023 at 07:18 AM.
Can existing customer open NEW account to qualify?
Reply

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Joined Mar 2013
L5: Journeyman
> bubble2 921 Posts
applepie100
11-08-2023 at 07:55 AM.
11-08-2023 at 07:55 AM.
Quote from srhearts :
I transferred 101k in one time from ally

Did you have to pay a fee from either side? How much?
Reply
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