Capital One 360 Performance Savings Deposit Bonus (Up to $1,000)

Capital One 360 Performance Savings Deposit Bonus (Up to ,000) Capital One has brought back a deposit promotion worth up to $1,000 for new 360 Performance Savings accountholders. Note the following:

If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019, you will be ineligible for the bonus.

Here are the details:

Open a new 360 Performance Savings account with promo code FALL22 by 12/14/2022.
Make a deposit of $10,000+ of external funds within 15 days of opening. Hold the money in your account for 90 days.
$10,000+ deposited = $100 bonus.
$50,000+ deposited = $500 bonus.
$100,000+ deposited = $1,000 bonus.
Capital One will deposit the bonus into your account within 60 days following the 90-day period. If your account is in default, closed, or suspended, or otherwise not in good standing, you will not receive the bonus.
You’ll also earn their normal interest rate (currently 3.00% APY as of 10/30/22). No monthly fees or minimum balance requirements.

Note that the 90-day “maintain balance” period is after and in addition to the end of the 15-day “initial funding period”. So if you are counting from the opening day, that is a total of 105 days after opening. You may wish to chat with Capital One to confirm the exact date.

In terms of APY, you are getting 1% of your deposit with a minimum holding period of 90 days. (You’ll probably go over by a few days.) This works out to the equivalent of (a little less than) a 4% annualized yield. If you assume the current 3% APY holds, that would be an estimated 3% + 4% = 7% annualized yield for those 90 days.

Not a bad deposit bonus on top of a currently competitive base interest rate. This one is only for new customers or those that have closed their previous CapOne360 accounts by January 1, 2019.

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Capital One 360 Performance Savings Deposit Bonus (Up to $1,000) from My Money Blog.