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Edited April 12, 2024
at 09:27 PM
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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:- 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%
- 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.
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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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So you are saying you are anti-bank. Nothing wrong with that, just pointing out that you are against the most basic principle of banking.
Shows me 4.25 APY. What am I missing?
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- 360 Performance Savings,
- 360 Savings,
- 360 Money Market,
- Savings Now
- or Confidence Savings account
as a primary or secondary account holder with Capital One on or after January 1, 2022, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.https://www.capitalone.
Add in 4-5 days for your funds to hit the account, that could easily be about ~110 days until you're good. 120 days / 4 months just made it easier to calculate.
That is not inflation. Inflation is an expansion of the money supply. That is a loan.
Add in 4-5 days for your funds to hit the account, that could easily be about ~110 days until you're good. 120 days / 4 months just made it easier to calculate.
Regardless, my original points stand. Capital One for 105 days and then moving to a higher yield account is the best option, with the exception of SoFi pretty much breaking even with Capital One at only $20,000 deposited, as long as you get the $300 offer from them.
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