Capital One Savings $500 Bonus
Capital One 360 has a bonus of up to $500 for new 360 Performance Savings accounts. You also earn 1.50% APY on your balance, which is a competitive rate these days. Let’s take a look at the details.
The Offer
Open a 360 Performance Savings account by May 31, 2020 with promotional code SCORE500. Deposit a total of $10,000-$50,000 or more of new money from an external bank within the first 10 days of account opening. You will earn a bonus once you’ve maintained a daily balance of $10,000 or more for 90 days following the Initial Funding Period. Your bonus will be calculated based on your daily balance:
| Balance | Interest with 1.50% APY | Cash Bonus | Potential Payout in a Year |
|---|---|---|---|
| $10,000 | $150 | $100 | $250 |
| $20,000 | $300 | $200 | $500 |
| $30,000 | $450 | $300 | $750 |
| $40,000 | $600 | $400 | $1,000 |
| $50,000 | $750 | $500 | $1,250 |
Key Terms
- If at any time during the 90 days following the Initial Funding Period your daily balances drop into a lower balance tier, you will be rewarded that tier’s cash bonus. If your daily balance decreases to an amount less than $10,000, you will not qualify for a cash bonus.
- If you have or had an open savings and/or money market account as a primary or secondary account holder (excludes CD) with Capital One on or after January 1, 2016, you’re ineligible for the bonus.
- The accounts don’t have any fees.
- Offer expires 5/31/20
Conclusion
Interest wise, the bonus is the same for all tiers. The account already earns 1.50% APY and you can receive an extra 4% if you keep the required minimum amount in the account for exactly 90 days. Jut make sure to make your deposit within 10 days, and you need to keep the money in the account for 90 days.
The offer is available online until April 15th, so you do not have much time left. Keep in mind that if you had a savings and/or money market account with Capital One on or after January 1, 2016, you are not eligible for the bonus.
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how do i check if i had an account from 1/1/16
Promo code NEW500 was not valid when I tried to apply
Fixed, the new code is SCORE500 https://www.capitalone.com/score500/