Capital One 360, $100 Bonus for Savings and $25 for Checking

Capital One 360 Bonus

Capital One 360 is offering two bonuses for savings and checking accounts. The $25 bonus for checking account has been around for a while now and not very enticing. But the $100 bonus fr the new savings product could be worth it, considering that it offers a 1.70% APY as well. Let’s check the details.

The Offers

360 Performance Savings account – To receive your bonus:

1. Use the unique link sent from your friend at Capital One to open a new 360 Performance Savings account as the primary account holder.
2. Fund the account with a deposit of at least $250 from a non-Capital One account. Funding must occur at account opening. Initial deposit does not include bonus.
3. You will receive a bonus of:
   • $25 if you deposit $250-9,999.99 or
   • $100 if you deposit $10,000 or more at account opening.
4. Your bonus will automatically be deposited into your account.

Open Savings Account

360 Checking account – To receive your bonus:

1. Use the unique link sent from your friend at Capital One to open a new 360 Checking account as the primary account holder.
2. Fund the account with a deposit of at least $250 from a non-Capital One account and have a total of 3 debit card purchases or Zelle® payments (or any combo of the two) post to the account within 45 days of account opening. Funding must occur at account opening. Initial deposit does not include bonus.
3. Your $25 bonus will automatically be deposited into your account 50 days after account opening and is available for withdrawal immediately.

Open Checking Account

Eligibility

• The new customer referral bonus is only available to people who have not held the following Capital One accounts since 1/9/2008: 360 Savings®, 360 Checking, 360 Money Market®, 360 Performance Savings, Savings Now, Confidence Savings, Total Control Checking, Simply Checking, 360 CD®, 360 IRA Savings®, 360 IRA CD®, MONEY Teen Checking, Kids Savings account.
• Limit one bonus per new customer.

Conclusion

The 360 Performance Savings account is a new product that was introduced a couple of months ago. You can get a $100 bonus and a 1.70% APY, which is pretty competitive nowadays. You need to deposit at least $10K in the account to get the bonus, but there doesn’t seen to be any any requirement for keeping the balance in there.

Even you have money in a saving account or money market at Capital One 360 you are probably earning a lower rate. So you should consider opening this new account, even without the bonus, so you can earn a better rate.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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