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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
274,441 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
274,441 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 2010
L5: Journeyman
> bubble2 798 Posts
416 Reputation
Flawless700
04-05-2024 at 08:21 PM.
04-05-2024 at 08:21 PM.
This earns just about $1000 more over the three months than 5.5% bonds on 100k. That is quite good.

Free money, thanks!
1
Reply
Joined Feb 2007
L5: Journeyman
> bubble2 633 Posts
144 Reputation
techoin
04-05-2024 at 10:18 PM.
04-05-2024 at 10:18 PM.
can I move from my wife's capital one account to my capital one account account and get a bonus? or it has to be money from non-capital one account?
Reply
Joined Oct 2015
New User
> bubble2 11 Posts
10 Reputation
iAmErik
04-06-2024 at 12:39 AM.
04-06-2024 at 12:39 AM.
For those curious - paid out after 105 days (:
Reply
Last edited by iAmErik April 6, 2024 at 12:42 AM.
Joined Nov 2008
L5: Pokeman
> bubble2 8,935 Posts
676 Reputation
Lanmanna
04-06-2024 at 01:28 AM.
04-06-2024 at 01:28 AM.
Just got my bonus. It took 115 days.
Reply
Joined Dec 2011
Love deals!!
> bubble2 505 Posts
31 Reputation
keep-them-coming
04-06-2024 at 05:59 AM.
04-06-2024 at 05:59 AM.
Quote from Lanmanna :
Just got my bonus. It took 115 days.
Cool. Gonna close the account now?
Reply
Joined Nov 2011
New User
> bubble2 8 Posts
10 Reputation
vi3tkid85
04-06-2024 at 06:02 AM.
04-06-2024 at 06:02 AM.
I have a capital one savings that was open before January 1, 2022 and is currently active. Do I need to close it before applying a new? Will I still earn the bonus if I have both savings account?
Reply
Joined Jul 2015
Noobster
> bubble2 1,204 Posts
105 Reputation
arooni
04-06-2024 at 06:15 AM.
04-06-2024 at 06:15 AM.
I assume That if I did this last year and got the bonus. I am ineligible this year
Reply

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Joined Apr 2018
L2: Beginner
> bubble2 55 Posts
34 Reputation
Uwotmate
04-06-2024 at 07:12 AM.
04-06-2024 at 07:12 AM.
Quote from ranibane0309 :
Can you please provide the site where I can back calculate the effective ROR you got 10.35%? I have been looking for it for quite some time . Many thanks!
There was no site, I did this math using my own brain
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,561 Posts
66 Reputation
Ryson11
04-06-2024 at 08:58 AM.
04-06-2024 at 08:58 AM.
Is anyone closing their account after bonus hit?
Reply
Joined Jan 2013
L7: Teacher
> bubble2 2,111 Posts
tonkotsu
04-06-2024 at 09:01 AM.
04-06-2024 at 09:01 AM.
Quote from Uwotmate :
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.
But you need to wait another 2 months for the bonus funds so it's over 5 months, not 3, correct?
Reply
Joined Jun 2014
L2: Beginner
> bubble2 91 Posts
10 Reputation
fiduciaryfund
04-06-2024 at 09:07 AM.
04-06-2024 at 09:07 AM.
Quote from fb88 :
Is this TBill ETF free from state tax like traditional treasurys?

The interest income that you may receive from investing in a treasury bill is exempt from any state or local income taxes, regardless of the state where you file your taxes. However, you will need to report interest income from these investments on your federal tax return. This makes treasury bills partially but not fully tax-exempt.

Every year the investor will receive a Form 1099-INT from the Department of the Treasury, detailing how much interest was earned from all government securities that you've invested in throughout the year. You will be taxed at your own marginal rate on your tax return.
Reply
Joined Aug 2010
L5: Journeyman
> bubble2 508 Posts
85 Reputation
idfw2003
04-06-2024 at 09:17 AM.
04-06-2024 at 09:17 AM.
When I signed up its was $450 bonus at $50k balance which you need to hold for 90 days so it's excellent at the time. I am still with them. However, I currently use my Roth IRA funds to buy 3-month US treasury bills at 5.2% or higher. Use the ladder system so your TB matures every month and you can set auto renew until you cancel. Remember bank interest is taxable with 1099-INT form. I am fully aware that interest rates change under the FED influence and I think my ROTH IRA strategy is a 100% tax free profit. I intent to continue until the interest starts to drop, which I doubt it will for the near future.
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 672 Posts
381 Reputation
homer-56k
04-06-2024 at 09:21 AM.
04-06-2024 at 09:21 AM.
Quote from wontonforevuh :
Has anyone gotten their $1500 from the FALL23 deal? My 3 months is coming up soon.
My payment from C1 came through, yes.
Reply
Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
574 Reputation
bigballs
04-06-2024 at 10:38 AM.
04-06-2024 at 10:38 AM.
Quote from bptexan :
Ok -- let's say you do hold it there for threshold and the interest rate doesn't change:

$20k -> with monthly compounded interest becomes 20,218
Add the $300 bonus -- 20,518.
Growth rate of 2.59% for 3 months -- since most people are comparing APY -- you would multiply this by 4 -- over 10% APY (again if you held it for the minimum bonus period)

$20k with 5% interest -- $20,251 -- growth rate for 3 months - 1.25%

Pretty good deal IMO -- I did this last fall. I might open one for my wife.
It's a great deal if you gonna park your money in savings or CD. You cannot get this rate anywhere else.
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Joined Jan 2009
L9: Master
> bubble2 4,965 Posts
574 Reputation
bigballs
04-06-2024 at 10:40 AM.
04-06-2024 at 10:40 AM.
Quote from techoin :
can I move from my wife's capital one account to my capital one account account and get a bonus? or it has to be money from non-capital one account?
You can't. You should at least transfer the money out to two third banks then transfer it back in to Cap1 to make the fund look fresh.
Reply
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