Capital One Offers $1,000 Bonus and 3.40% APR on Savings Account

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Capital One Performance Savings Bonus

Capital One Offers $1,000 Bonus and 3.40% APR on Savings Account

Capital One is offering a bonus of up to $1,000 to their 360 Performance Savings account. This account now earns 3.40% APR, making it even more profitable for those who want the max bonus, which requires a $100k deposit. Let’s see the details.

Offer

Here is how you can earn this signup bonus:

  1. Open a 360 Performance Savings Account March 22, 2023 00:00 ET to May 10, 2023 11:59 pm ET. When you open your account, make sure the promo code SPRING23 entered in the Promo Code field.
  2. Deposit a total of $10,000 or more (Deposit Amount) of new money from external sources (transfers between Capital One accounts will not count) within the first 15 days of account opening (Initial Funding Period). You will receive a bonus after you maintain a deposit amount of $10,000 or more within 90 days of the initial funding period. Your bonus amount will be determined as follows:
    • $100 bonus. The new money deposited from the outside bank during the initial funding period ranged from $10,000 to $49,999.99 and you maintained that deposit amount for 90 days.
    • $500 bonus. The new money deposited from the outside bank during the initial funding period ranged from $50,000 to $99,999.99 and you maintained that deposit amount for 90 days.
    • $1,000 bonus. The new money deposited from the outside bank during the initial funding period was over $100,000 and you kept that deposit amount for 90 days.

Bonus page

Capital One will credit the bonus to your account within 60 days after you meet all of the above requirements, including meeting the 90-day holding period. Bonuses are treated as percentages and will be reported on IRS form 1099-INT.

Key terms

  • This offer cannot be combined with any other 360 Performance Savings account opening offers. Only one promo code is accepted.
  • The bonus is only valid for one new 360 Performance Savings account.
  • If at any time within 90 days of the Initial Funding Period your deposit drops to a lower level, you will receive a cash bonus of that level. If your deposit drops below $10,000, you will not be eligible for the cash bonus.
  • If you have or opened a 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, 2020, you will not be able to claim the bonus.
  • A 360 Performance Savings account has no monthly fees.

Conclusion

The $1,000 maximum bonus requires a large deposit. But if you have that kind of money, then this bonus is worth doing. With this offer, you get $1,000 and your money earns 3.40% per year as long as it’s been in your 360 Performance Savings account for at least 90 days.

There are also smaller bonuses of $500 and $100 with deposit requirements of $50,000 and $10,000 respectively.

HT: Honorary Doctorate

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