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Capital One 360 Performance Savings Account: Earn Up to $1500 Bonus Funds w/ 4.25% APY

Deposit $20K-100K+
(New Capital 360 Accounts)
+108 Deal Score
211,038 Views
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).
  • 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 4.25% (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 April 2024.
Good Deal?

Original Post

Written by
Edited April 12, 2024 at 09:27 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%
  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
+108
211,038 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.

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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 Jan 2010
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> bubble2 34 Posts
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charmandeal
05-01-2024 at 09:58 PM.
05-01-2024 at 09:58 PM.
After the initial application/opening the account, is there any way to confirm that the promo is active for your account? we supposed to see anything on our account page?
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Joined Dec 2005
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SlikRick
05-01-2024 at 10:13 PM.
05-01-2024 at 10:13 PM.
I did this same deal (different promo period). I opened my account at the end of 2023. Just last week the bonus posted to my account, automatically without having to inquire about it.

It was pretty simple and straightforward. FYI.
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Joined Jul 2016
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sandy.sandy
05-02-2024 at 06:04 AM.
05-02-2024 at 06:04 AM.
Quote from SlikRick :
I did this same deal (different promo period). I opened my account at the end of 2023. Just last week the bonus posted to my account, automatically without having to inquire about it.

It was pretty simple and straightforward. FYI.

I have money in checking account can I transfer to this new account? Will that be considered as new money or I need to deposit to this new account from external account? (In this case I am planning to move money to external account and move it to new Capita one savings account)
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Joined Oct 2022
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Deadpoole
05-02-2024 at 06:28 AM.
05-02-2024 at 06:28 AM.
Quote from FaithfulLlama137 :
This doesn't mean a lot without knowing a few things. A) Is that 65k before or after taxes, B) how old are you, and C) what are your expenses/where do you live?

I do agree that the other comment is completely wrong though. You can definitely stack up your money by spending less than you make.

Say you take home $65,000 a year and your monthly expenses are about $2,500. That means every year you can put $35,000 in the bank, preferably a savings account or maybe CDs or something that pays more.

After 30 years, you would have over $1,000,000 in the bank, which I'd argue (if set up right) could be earning around 5% interest in low risk CDs or something similar, making you $50,000 a year just by being in the bank.

This all assumes you are able to save that much every month though, and also that no big expenses pop up in your life, definitely plausible though.
That's a lot of irrelevancy, as it turns out. I've lived in MA and CA, two non cheap states. I retired at 39 years old, so age wasn't much of a factor either. I had no inheritance and I grew up in a group foster home, so I didn't get a free ride. I'm at best a pedestrian investor thats tended to run on the conservative side, so wild investing skills wasn't it either. I haven't exactly lived badly either, I live these days in one of the most expensive towns in NorCal. What I do is as much as I can do myself, instead of paying others. And I don't buy stuff that I don't need.

Sometimes its just the simple stuff. Watch your spending and invest wisely rather than shooting for the moon. Slow and steady wins.
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Joined Jan 2004
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alreadyposted
05-02-2024 at 06:44 AM.
05-02-2024 at 06:44 AM.
aside from pulling the money out do i need to call to close the account?
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poopi
05-02-2024 at 12:54 PM.
05-02-2024 at 12:54 PM.
Quote from FaithfulLlama137 :
This doesn't mean a lot without knowing a few things. A) Is that 65k before or after taxes, B) how old are you, and C) what are your expenses/where do you live?

I do agree that the other comment is completely wrong though. You can definitely stack up your money by spending less than you make.

Say you take home $65,000 a year and your monthly expenses are about $2,500. That means every year you can put $35,000 in the bank, preferably a savings account or maybe CDs or something that pays more.

After 30 years, you would have over $1,000,000 in the bank, which I'd argue (if set up right) could be earning around 5% interest in low risk CDs or something similar, making you $50,000 a year just by being in the bank.

This all assumes you are able to save that much every month though, and also that no big expenses pop up in your life, definitely plausible though.
How am I completely wrong? Yes obviously you get rich by spending less than you make. You've twisted my point entirely. My point was you can only save so much. The savings ceiling is much, much lower than the earnings ceiling. You won't get rich by spending the hour saving an extra $5. You'll get rich by earning an extra $50/hr. That's a $45 difference.
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Joined Dec 2005
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SlikRick
05-02-2024 at 05:38 PM.
05-02-2024 at 05:38 PM.
Quote from sandy.sandy :
I have money in checking account can I transfer to this new account? Will that be considered as new money or I need to deposit to this new account from external account? (In this case I am planning to move money to external account and move it to new Capita one savings account)
It HAS to come from an outside account for it to be new money. Any deposit between Capital One accounts would not count towards the bonus requirement.
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Joined Oct 2005
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Elpee
05-05-2024 at 11:22 AM.
05-05-2024 at 11:22 AM.
Can somebody please confirm if the promo code BONUS1500 is still valid so that I can close my saving account at another and then open a new 360 saving account and fund it? Thanks a lot.
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Joined Sep 2009
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PoLusImo
05-05-2024 at 12:32 PM.
05-05-2024 at 12:32 PM.
IMHO getting rich by saving is a myth and a way for capitalists to keep you where you are while they keep getting rich. If you are a lower middle class and have a humble earning no matter how you calculate or save, you can never cross that lower middle class label. I have yet to see a person who has average earnings and gets rich by saving money. If you spend less than you earn, surely, you can have some balance in banks for rainy days, but that's it. After all, 4 in 10 Americans i.e. 40% don't have enough money to cover a $400 emergency expense. https://fortune.com/2023/05/23/inflation-economy-consumer-finances-americans-cant-cover-emergency-ex... [fortune.com].
Quote from poopi :
How am I completely wrong? Yes obviously you get rich by spending less than you make. You've twisted my point entirely. My point was you can only save so much. The savings ceiling is much, much lower than the earnings ceiling. You won't get rich by spending the hour saving an extra $5. You'll get rich by earning an extra $50/hr. That's a $45 difference.
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searchdeal
05-05-2024 at 01:36 PM.
05-05-2024 at 01:36 PM.
did not read all comments...but question...how do we transfer money from a chase checking account? If i use Add Money -> Transfer money option, is there any fees?
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searchdeal
05-08-2024 at 12:34 PM.
05-08-2024 at 12:34 PM.
did not read all comments...but question...how do we transfer money from a chase checking account? If i use Add Money -> Transfer money option, is there any fees? - Anyone can help?
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kobe4sho
05-08-2024 at 12:49 PM.
05-08-2024 at 12:49 PM.
Quote from searchdeal :
did not read all comments...but question...how do we transfer money from a chase checking account? If i use Add Money -> Transfer money option, is there any fees? - Anyone can help?
No fees, I just did 2 transfers, 1 from Chase checking, 1 from Chase saving
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searchdeal
05-08-2024 at 01:07 PM.
05-08-2024 at 01:07 PM.
Quote from kobe4sho :
No fees, I just did 2 transfers, 1 from Chase checking, 1 from Chase saving
Thank you.
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DRSONGE
05-08-2024 at 05:03 PM.
05-08-2024 at 05:03 PM.
I have no idea how certain haters did the calculation, say you somehow found a 5.4% FIXED saving rate (remember saving account rates changes all the time), 20k input, end of year yield =20000x0.054=1080 back, with this one even at 4.25% and a 300 bonus=20000x0.0425+300=1150 back, better!!
Same thing applies to higher input, say 100k input at 5.4%=100000x0.054=5400 back, with this one at 4.25% and 1500 bonus=100000x0.0425+1500=5750 back, still better!
This definitely a Slickdeal.
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Alpha__Omega
05-13-2024 at 10:54 AM.
05-13-2024 at 10:54 AM.
4.35% + a bonus. WoW

Guys, here's the rate the Government
is paying on money you loan them
for 6 months (( 26 week T-Bill ))

( www.TreasuryDirect.gov [TreasuryDirect.gov] ||| "Bureau of the Public Debt" )

  • No hoops to jump through,
  • No potential claw-backs,
  • Income is not taxed by your State.

Term: 26-Week (( 6 month ))
High Rate: 5.165% (( Annualized ))
Investment Rate*: 5.377% (( *Equivalent coupon-issue yield ))
Price: $97.388806
Allotted at High: 96.18%
Total Tendered: $218,444,365,900
Total Accepted: $76,958,812,900
Issue Date: 05/16/2024
Maturity Date: 11/14/2024
CUSIP: 912797LD7

Oh and for 3 months:
Term: 13-Week
High Rate: 5.250%
Investment Rate*: 5.395%
Price: $98.672917
Allotted at High: 10.61%
Total Tendered: $200,573,480,800
Total Accepted: $76,959,343,300
Issue Date: 05/16/2024
Maturity Date: 08/15/2024
CUSIP: 912797KB2
==============================


Compound Interest on $100,000 deposit
with $1500 bonus at end of month #5.
See jpg attached
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Last edited by Alpha__Omega May 13, 2024 at 11:37 AM.
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