March 30, 2024

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.

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.

What is Capital One Savings?

Capital One 360 Performance Savings is an account that offers an impressive 3.30% 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]

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:

  1. 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.

  2. 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.

  3. Receive your bonus.
    Capital One usually pays the bonus within 60 days after fulfilling the requirements.

Have you ever received a bonus for opening a savings account?

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.

Which Capital One 360 Savings feature would most likely convince you to open an account?

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:

  1. Go to the 360 Performance Savings page and click Open Account.
  2. Input your promo code and answer the online application form by providing the necessary information.
  3. Submit your application, create your login details, and fund your account.

How much money are you initially planning to deposit into a Capital One savings 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.

In addition to Capital One, many banks offer attractive savings account promotions that you might also find appealing.

Other Bank Offers You May Like

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

  1. ^ Capital One. 360 Performance Savings, Retrieved 12/11/2023
  2. ^ Capital One. Capital One FDIC Coverage, Retrieved 04/01/2024
  3. ^ Capital One. Tax forms from Capital One, Retrieved 01/19/2024
Chase
Member FDIC

Chase Total Checking® - $400 Bonus

Expires 4/15/2026
  • New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
  • Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
  • Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
  • 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*
  • Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
  • Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
  • Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
  • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Bank of America
Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

Expires in 4 days
  • The cash offer up to $500 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 1/31/2026.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
    Cash BonusTotal Qualifying Direct Deposits
    $100$2,000
    $300$5,000
    $500$10,000+
  • If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
  • Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
Wells Fargo

Wells Fargo Everyday Checking Account - $325 Bonus

Expires 4/14/2026
  • Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
  • Wells Fargo Bank, N.A. Member FDIC
U.S. Bank
Member FDIC

U.S. Bank Business Essentials - $400 Bonus

Expires 3/31/2026

Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials® or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.

Business Essentials: $400 bonus with $5,000 new money deposits, daily balance, and 6 qualifying transactions.

Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank Mobile Check Deposit, electronic or paper checks, Bill Pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.

New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees may reduce the required daily balance during the qualifying period.

Bonus will be deposited into your new eligible U.S. Bank business checking account within 30 days after the month-end in which all offer requirements are met, provided the account remains open with a positive available balance.

Offer may not be combined with other business checking bonus offers. Existing businesses with a business checking account or had one closed within the past 12 months, do not qualify.

All regular account-opening procedures apply. For full checking account pricing, terms and policies, refer to your Business Pricing Information, Business Essentials Pricing Information, and YDAA disclosure. These documents are available at any U.S. Bank branch or by calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC

CIT Bank
Member FDIC

CIT Bank Platinum Savings - $300 Bonus

Expires Tomorrow
  • Qualify for a $300 cash bonus with a minimum deposit of $50,000
  • This limited time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025 and can end at any time without notice.
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Compare:

Have you ever received a bonus for opening a savings account?
Which Capital One 360 Savings feature would most likely convince you to open an account?
How much money are you initially planning to deposit into a Capital One savings account?
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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