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Advertiser Disclosure
Capital One 360 Performance Savings Account: Earn Up to $1500 Bonus Funds w/ 4.25% APY
Deposit $20K-100K+
(New Capital 360 Accounts)
Capital One offers New Accounts: Capital One 360 Performance Savings Account: Earn Up to $1,500 Bonus Funds w/ 4.35% -> now 4.25% 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).
Deal Instructions
- 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.
Deal Instructions
- Open a new Capital One 360 Performance Savings Account w/ promo code BONUS1500
- 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 4.25% (APY) Annual Percentage Yield
- Bonus Funds
- Hold the deposit(s) in your account for 90-days after the 15-day Initial Funding Period ends
- 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 April 12, 2024
at 09:27 PM
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:
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.
Deal Instructions:
- Open a new Capital One 360 Performance Savings Account [capitalone.com] w/ promo code BONUS1500
- 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%
- Bonus Funds
- Hold the deposit(s) in your account for 90-days after the 15-day Initial Funding Period ends
- 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.
Created 04-03-2024
at 07:00 AM
by IGGUS
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This is the same for the other deposit amounts.
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.
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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There are two ways to get rich. Make a lot or don't spend a lot. It's extra good if you do both.
"If you will live like no one else, later you can live like no one else."
― Dave Ramsey
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.
At $20,000:
- Capital One = $20,591.58 after 120 days.
- Western Alliance = $20,308.60 after 120 days.
- SoFi = $20,595.79 after 120 days.
At $50,000:- Capital One = $51,478.95 after 120 days.
- Western Alliance = $50,771.49 after 120 days.
- SoFi = $51,039.48 after 120 days.
At $100,000:SoFi only wins at the $20,000 amount, and only if that $300 bonus you mentioned is granted at the same 120 days (or less), doesn't have a minimum requirement above $20,000, and assuming that 4.6% APY holds.
Capital One wins by a decent amount at both $50,000 and $100,000. Didn't include any of the other options, since they would all be worse than Western Alliance or SoFi.
I have no idea why you are calculating your returns based on an entire year, when you can pull the funds right around 4-months and reinvest elsewhere. For maximum gains, you would put your funds in Capital One for that 4-months, reap the rewards, and then transfer them out to a savings account with a higher APY. You could also jump from bonus offer to bonus offer doing this, to further maximize your gains, and once you have no more bonus offers to exhaust (that make sense) you drop them in the highest APY account you can find.
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Yes they did. I was watching my money so managed to switch to the new product with the higher advertised rate.
It's my money, so I watch it.
The article that calls out C1:
https://www.wsj.com/finance/inves...s-b9adc1e9
Everyone please respect BondTraders math and insight - he's smart (I'm a profesional trader/investor myself and have done the math, and also took the same capital one deal in January)
So, if you need to make small withdrawals, deposit a little more to start -- for example, if you deposit $21,000, you could withdraw $1000 at any time during the 90-days (whether all at once or $100 ten different times...but there is a limit of 6-withdrawals on this and most savings accounts, per statement cycle) and then your balance would never go below $20,000...but if you go under $20,000 for one day, then you get no bonus.
You earn the 4.35% on the total balance, so you still get interest if you add extra.
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At $20,000:
- Capital One = $20,591.58 after 120 days.
- Western Alliance = $20,308.60 after 120 days.
- SoFi = $20,595.79 after 120 days.
At $50,000:- Capital One = $51,478.95 after 120 days.
- Western Alliance = $50,771.49 after 120 days.
- SoFi = $51,039.48 after 120 days.
At $100,000:SoFi only wins at the $20,000 amount, and only if that $300 bonus you mentioned is granted at the same 120 days (or less), doesn't have a minimum requirement above $20,000, and assuming that 4.6% APY holds.
Capital One wins by a decent amount at both $50,000 and $100,000. Didn't include any of the other options, since they would all be worse than Western Alliance or SoFi.
I have no idea why you are calculating your returns based on an entire year, when you can pull the funds right around 4-months and reinvest elsewhere. For maximum gains, you would put your funds in Capital One for that 4-months, reap the rewards, and then transfer them out to a savings account with a higher APY. You could also jump from bonus offer to bonus offer doing this, to further maximize your gains, and once you have no more bonus offers to exhaust (that make sense) you drop them in the highest APY account you can find.
It is not 120 days. It is 90 days. The figures are better than you describe.