Capital One Savings Account Bonus
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Looking for a Capital One savings bonus? Read on to see the available promos today and how to qualify for them.
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Capital One offers promos for people looking to open a new savings account with them.
You can get a cash bonus while enjoying features like a high APY and no monthly fees. But, there are specific requirements you must meet to qualify.
Continue reading to find out more about it.
Personal Savings Account - $1,500 Bonus
Open a new 360 Performance Savings account. Use promo code BONUS1500 at account opening. Deposit at least $100,000 of external funds within 15 days of account opening. Maintain at least $100,000 in the account for 90 days more after the initial 15 days after account opening.
Personal Savings Account - $750 Bonus
Open a new 360 Performance Savings account. Use promo code BONUS1500 at account opening. Deposit at least $50,000 of external funds within 15 days of account opening. Maintain at least $50,000 in the account for 90 days more after the initial 15 days after account opening.
Personal Savings Account - $300 Bonus
Open a new 360 Performance Savings account. Use promo code BONUS1500 at account opening. Deposit at least $20,000 of external funds within 15 days of account opening. Maintain at least $20,000 in the account for 90 days more after the initial 15 days after account opening.
What is Capital One Savings?
Capital One 360 Performance Savings is an account that offers an impressive 4.25% APY on any balance. It has no account minimums or monthly maintenance fees, allowing you to fully maximize your earnings.[1]
Additionally, your money is safe because Capital One is FDIC-insured up to $250,000 per depositor, per ownership category.[2]
360 Performance Savings - 4.25% APY
- 4.25% APY
- $0 opening minimum
- No monthly service fee
- No minimum balance requirement
If you plan to open an account, here's how you can earn a bonus.
How To Earn a Bonus from Capital One
Bonus offers change from time to time, but here's how you typically earn a Capital One savings bonus:
- Enter the bonus code upon opening an account.
Eligible patrons will receive a link to a bonus code (via email), so make sure to use it within the promo period. - Deposit a specific amount in your account.
Deposit a certain amount of external funds within 15 days of account opening. Then, maintain it for 90 days more after the initial 15 days. - Receive your bonus.
Capital One usually pays the bonus within 60 days after fulfilling the requirements.
If you're still on the fence about opening an account, however, here are the upsides and downsides to help you decide.
Pros and Cons of Capital One Savings
Pros
- Large bank with competitive APY
- $0 monthly maintenance fees
- No initial deposit
- No minimum balance
- Simple online savings tools
- User-friendly website and app
- Access to physical branches
Cons
- Other banks have higher APY rates
- No complimentary ATM card
- Fees for outgoing domestic wire transfers and cashier's checks
If the pros have convinced you, here's how you can get started.
How to Open a Capital One Savings Account
If you're not an existing Capital One customer yet and you want to take advantage of their promos, here's how you can open an account on their website:
- Go to the 360 Performance Savings page and click Open Account.
- Input your promo code and answer the online application form by providing the necessary information.
- Submit your application, create your login details, and fund your account.
You will then receive the bonus within 60 days after meeting all the promotional requirements.
Who Is Capital One Savings Best For?
Capital One 360 Performance Savings suits those who prefer both online and in-person banking.
You get a high APY and the convenience of having your money within reach through their user-friendly website or app. Plus, if the need arises, you have the option to visit one of their locations.
It's a great choice for those who are eager to leverage Capital One bonus offers, especially if you are opening a new account.
Other Bank Offers You May Like
High-Yield Savings Premier - 5.36% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
UFB Secure Savings - Earn up to 5.25% APY
- Earn up to 5.25% APY*
- No monthly maintenance fees
- No minimum deposit required to open an account
- Access your funds 24/7 with easy-to-use digital banking tools
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
High Yield Savings Account - 5.24% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- Deposits are FDIC insured through Third Coast Bank SSB
FAQs
Are Capital One promos taxable?
Bonuses obtained from opening a Capital One savings account may be subject to taxes. Capital One considers it as interest or miscellaneous income and will report it to the IRS using Form 1099-INT or 1099-MISC.[3]
Who can take advantage of Capital One bonuses?
New Capital One customers can typically take advantage of welcome bonuses for banking products. But in general, eligibility depends on the type of promotion.
Where to find Capital One bonuses?
Capital One typically sends letters or emails with bonus codes on them. Some promos are also advertised on the Capital One website.
Bottom Line
Capital One gives new 360 Performance Savings account holders chances to earn extra money. Usually, you just have to deposit and keep a specific amount in your account within a certain time to get the bonus.
Since these promos don't stick around for long, be sure to grab the opportunity when you come across one that suits you.
References
- ^ Capital One. 360 Performance Savings, Retrieved 12/11/2023
- ^ Capital One. Capital One FDIC Coverage, Retrieved 04/01/2024
- ^ Capital One. Tax forms from Capital One, Retrieved 01/19/2024
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Write to Darlene Santos at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
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