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Capital One 360 Performance Savings Account: Earn Up to $1500 Bonus Funds w/ 4.10% APY

Deposit $20K-100K+
(New Capital 360 Accounts)
+121 Deal Score
274,466 Views
Capital One offers New Accounts: Capital One 360 Performance Savings Account: Earn Up to $1,500 Bonus Funds w/ 4.35% -> 4.25% -> now 4.10% 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, fund the account and apply promo code BONUS1500 to receive this promotional bonus offer (detailed instructions below).
  • 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, 2022, you will be ineligible for this bonus offer.
Thanks to community member IGGUS for finding this deal.

Deal Instructions
  1. Open a new Capital One 360 Performance Savings Account w/ promo code BONUS1500
  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 4.10% (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
Note: Click here for more information on Best High-Yield Savings Accounts of October 2024.

Original Post

Written by
Edited October 21, 2024 at 04:22 PM by
Looks a lot like the Fall23 signup bonus, now accessible with full details in below link. 0.05% APY better than prior offers too.

Deal Instructions:
  1. Open a new Capital One 360 Performance Savings Account [capitalone.com] w/ promo code BONUS1500
  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 4.35% (APY) Annual Percentage Yield - Now 4.25% 4.10%
  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

BONUS1500 Promo code during account creation to be eligible. I've personally just gone through this today, and the promo was auto-applied, showing in top banner of each page as I went through the signup. They almost caught me to create a new Savings account too with a single click, but skipped that one. On the following screen it showed me my new account and routing numbers, along with the promo details, the code and terms listed yet again.
No published expiry date at this time.

Qualifying deposit will be judged by the balance in your account from days 15-105 of account opening. For example, if you had funded the account with $50 on day 2, but then transferred $99,950 on day 14, you're eligible for $1500 bonus back in your account by day 165 of account opening. Alternatively, if you added $20,001 on day 2 and left it there until withdrawing $2 on day 104, you will receive a $0 bonus.
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Created 04-03-2024 at 07:00 AM by IGGUS
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Deal
Score
+121
274,466 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.

401 Comments

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Featured Comments

Surprised that nobody in this thread even understands what's going on. For $20,000, 4.35% APY over 3 months is $217.50, however you're also getting a $300 bonus, so you're getting $517.50 for 3 months. That equates to10.35% APY.

This is the same for the other deposit amounts.
Doesn't look like it if you currently have one.
They clearly address that at the beginning of the footnotes at bottom of main deal page, listing multiple account types open with them "on or after January 1, 2022" as making you ineligible for this offer. I'd encourage all to RTFM for straightforward questions like these.
There are quite a few other High Yield Savings Accounts that don't have such restrictions and have higher rates of return. Here's a list I compiled this morning:

APY
Amex: 4.35
Sofi: 4.6, $300 bonus direct deposit
Synchrony: 4.75
Wealthfront: 5.00 (get .5 bonus for 3 months if you refer a friend)
Citbank: 5.05 (5k minimum deposit)
Texas capital: 5.1
Everbank: 5.15
Ufb direct: 5.25
Western alliance: 5.36

For 100k you would earn $5,360 per year at Western versus $4,350 + 1500 = $5,850 with the Capital One deal. If you have less than 100k to invest the other options are better.

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Joined Sep 2008
Addicted Saver
> bubble2 788 Posts
KoolMom
04-05-2024 at 12:11 PM.
04-05-2024 at 12:11 PM.
Darn, the look back is 2 years
Reply
Joined Apr 2004
L6: Expert
> bubble2 1,980 Posts
261 Reputation
darkhunter
04-05-2024 at 12:14 PM.
04-05-2024 at 12:14 PM.
Quote from enkpro :
anyway to get this for existing customers?

No, there is not. Close your account and hope ot comes back in 2 years when you're eligible again
Reply
Joined Sep 2019
L2: Beginner
> bubble2 42 Posts
14 Reputation
NMSL
04-05-2024 at 12:19 PM.
04-05-2024 at 12:19 PM.
does the 4.35% decrease later this year when Fed lower rates?

nvm it of course does
Reply
Last edited by NMSL April 5, 2024 at 12:23 PM.
Joined Sep 2016
New User
> bubble2 3 Posts
10 Reputation
Shukla-G
04-05-2024 at 12:51 PM.
04-05-2024 at 12:51 PM.
I tried opening the account via capital one app. I got the message that I need to call support. Support helped me open the account but could add the promotion. They connected me to another support contact. He can't add promotion but asked me to contact support in aug to make the exception. Am I screwed?
Reply
Joined Apr 2007
L10: Grand Master
> bubble2 8,924 Posts
2,596 Reputation
snowcrash
04-05-2024 at 12:51 PM.
04-05-2024 at 12:51 PM.
Quote from KoolMom :
Darn, the look back is 2 years
It's pretty standard for banking related bonuses be it checking, savings, or credit cards. At least the majority of deals I had seen on sd over the years.
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Joined Jun 2017
L1: Learner
> bubble2 22 Posts
10 Reputation
enunziata
04-05-2024 at 01:00 PM.
04-05-2024 at 01:00 PM.
If you tie up $50,000 for 6 months at UFB Direct at 5.25% you would have about $1326 in interest after six months.

If you tie up $50,000 @ 4.35% for 6 months with this one deal after the bonus you make over $1800 and that's a $525 improvement over the UFB Direct interest.

Good deal!
Reply

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Joined Jun 2017
L1: Learner
> bubble2 22 Posts
10 Reputation
enunziata
04-05-2024 at 01:05 PM.
04-05-2024 at 01:05 PM.
Quote from CyanPencil8804 :
I don't think the math is in your favor here...

Math is absolutely in your favor with this deal.
UFB Direct $100,000 for six months tied up at 5.25% versus tying up for six months with Capital One at 4.35% plus the bonus. Your net would be about $1,026 more with capital one.

The terms and conditions state that after the 15 day introductory period you have to leave your money in there for 90 days and then the bonus will be credited within 60 days thereafter.

That means you can deposit 100 K for six months at 4.35%, take the $1026 net profit after six months, and then transfer back to UFB Direct and still earn interest for the other six months at 5.25%.
Reply
Joined Nov 2010
"Buy Low-Live High"
> bubble2 3,313 Posts
596 Reputation
bchill
04-05-2024 at 01:06 PM.
04-05-2024 at 01:06 PM.
Where are the Stable Coin fanboys from 2022.
Reply
Joined Oct 2008
L10: Grand Master
> bubble2 8,186 Posts
604 Reputation
DontTaxBeer
04-05-2024 at 01:06 PM.
04-05-2024 at 01:06 PM.
Quote from EfficientCorn3361 :
Marcus just sent out an email cutting rates today from 4.5% to 4.4%.
meh, i'm good. 4.75% for the next 5 years in BMO CD's.
Reply
Joined Nov 2010
"Buy Low-Live High"
> bubble2 3,313 Posts
596 Reputation
bchill
04-05-2024 at 01:12 PM.
04-05-2024 at 01:12 PM.
Quote from IGGUS :
Thanks for the link, but this isn't apples to apples. Very different financial instruments/accounts.

Your TBill suggestions seems like potentially a better return after 3 months, if transferring in under $100k, but only for 3 months. So the actual interest earned on a $100k deposit would really be 1/4 of the 12 month APY, therefore only 1.355% return on your investment or $1355, way less than this offer which would be $5850 at end of year, or even 1/4 of that after 3 months w/ Cap1 being $1462.50. Besides the lower term duration of the TBill, I'm having a hard time seeing the advantage of this vs 1 year w/ this Cap1 offer. On day 366 take your money out and invest in TBills later if you want! And depositing any less than 100k w/ Cap1 these numbers only get worse.

Also what's the TBill tax rate for federal & state taxes (obv differ state to state) for the 'average American' with a $60,000 salary, vs the average rate against the interest Cap1 will have included on a 1099-INT?
Quote from Peerless_Warrior :
Meanwhile I'm getting 5.04% at fidelity with sprxx.
If you like non FDIC then you should use VUSXX instead of this. You are missing out.
Reply
Joined Jan 2009
L3: Novice
> bubble2 120 Posts
85 Reputation
1womanarmy
04-05-2024 at 01:27 PM.
04-05-2024 at 01:27 PM.
Quote from SurgeonH :
Could have sworn I heard they screwed over customers who already had a savings account with them by lowering their rates massively and never informing them that their original savings account plan was made obsolete garnering little to no interest in favor of soley new customers. Can anyone else confirm that?
I can confirm this. I started with them when they were ING Direct before being bought by Capital One. They used to have only 2 products - checking & savings. Then they reduced the rate on savings without notifying you, and forced you to open a money market for the higher interest rate. Then they again reduced the rates on the MM without notice, and forced you to open a "performance savings" account for the higher rate.

Not recommended if you just want a high yield savings account to park funds and forget it.
Reply
Joined Aug 2011
L3: Novice
> bubble2 180 Posts
127 Reputation
cooleyandy
04-05-2024 at 01:33 PM.
04-05-2024 at 01:33 PM.
How long do these promos typically last?
I'm thinking of waiting till the end of the month before opening an account.
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Joined Apr 2006
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> bubble2 9,649 Posts
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Tnyc
04-05-2024 at 01:45 PM.
04-05-2024 at 01:45 PM.
Quote from VirtualMF :
These aren't "deals", they're advertised front page of each of the sites:

Amex: 4.35
https://www.americanexpress.com/e...d-savings/

Sofi: 4.6, $300 bonus direct deposit
https://www.sofi.com/banking-short/

Synchrony: 4.75
https://www.synchronybank.com/ban...ld-savings

Wealthfront: 5.00 (get .5 bonus for 3 months if you refer a friend)
https://cash.wealthfront.com/boost

Citbank: 5.05 (5k minimum deposit)
https://www.cit.com/cit-bank/bank/savings

Texas capital: 5.1
https://www.texascapitalbank.com/...ings-texas

Everbank: 5.15
https://www.everbank.com/banking/...ce-savings

Ufb direct: 5.25
https://www.ufbdirect.com/savings...gs-account

Western alliance: 5.36
https://www.westernalliancebancor...premier​

Citibank and CiT Bank are two different banks!
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