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 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]

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.

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


  • 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


  • 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:

  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.

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.

What is your main goal for opening a Capital One savings account?

Other Bank Offers You May Like


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.


  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
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 10/16/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
  • 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
  • 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*
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/12/2024

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
  • 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 9/30/2024.
  • To qualify, open a new eligible 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 eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, 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.
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% 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

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC

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CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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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