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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
Editor's Notes & Price Research
Written by
- You must hold the deposit in your account for 90-days after the 15-day Initial Funding Period to qualify for the bonus offer; Capital One will deposit the bonus into your account within 60-days after you have completed all the requirements.
- 360 Performance Savings accounts don't have ATM or debit cards, or check-writing capabilities. There's no monthly cycle service charge for this account, and no minimum balance required to open or maintain the account. Our savings and money market accounts permit no more than six (6) transfers per statement cycle to a third party or to any of your other deposit accounts at Capital One. There is no limit in the number of transfers that you may make into your account. Note: We are currently not enforcing the transfer limits. You'll be notified if we choose to re-impose these limits. This account is a consumer-only product. If you have an Individual Taxpayer Identification Number (ITIN), you cannot open an account online. You may open an account in a Capital One location using your ITIN if you're a U.S. person for tax purposes and can complete an IRS Form W-9.
- A rate of 4.25% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 4/13/2024. Rates are subject to change at any time before or after account opening.
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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"If at any time during the 90 days following the Initial Funding Period your account balance drops into a lower tier, you will be rewarded that tier's cash bonus. If your account balance decreases to an amount less than $20,000, you will not qualify for a cash bonus. In addition, any additional deposits made during this Hold Period will not qualify you for a higher tier bonus."
Will help to derisk for some and avoid losing the bonus they were expecting due to any loophoes!
Our community has rated this post as helpful. If you agree, why not thank VirtualMF
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.
Could you please provide links to the other SD threads where these other offers have already been posted? Or links to the individual institutions where people here can click through to easily sign up for these competing offers?
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Our community has rated this post as helpful. If you agree, why not thank Uwotmate
This is the same for the other deposit amounts.
Our community has rated this post as helpful. If you agree, why not thank IGGUS
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.
$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.
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?