Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $450
- Availability: Nationwide
- Direct required: $20,000-$50,000
- APY: 0.6%APY
- Hard/soft pull: Soft, as long as you opt out of overdraft protection
- ChexSystems: Mixed
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: June 29, 2022
The Offer
- Capital One is offering a bonus of $450 when open a new 360 Performance Savings with the promo code SAVE22. The bonus you receive depends on how much you deposit within 15 days (must maintain that deposit for 90 days after that 15 day period)
- Deposit $20,000 and receive $150 bonus
- Deposit $50,000 and receive $450 bonus
The Fine Print
- 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. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.
- Here’s the full scoop on how to earn your bonus:
- Open a 360 Performance Savings account between 12:00 a.m. ET on April 27, 2022, and 11:59 p.m. ET on June 29, 2022. When you open your account, ensure you enter in promotional code SAVE22 in the Promo Code box.
- Deposit a total of $20,000 or more (Deposit Amount) of externally sourced funds (transfers between Capital One accounts will not qualify) within the first 15 days of account opening (Initial Funding Period). You will earn a bonus once you’ve maintained the Deposit Amount of $20,000 or more for 90 days following the Initial
- Funding Period. The amount of your bonus will be determined as follows:
- $150 bonus – The money deposited from an external bank during the Initial Funding Period was between $20,000-$49,999.99, and you maintained that Deposit Amount for 90 days.
- $450 bonus – The money deposited from an external bank during the Initial Funding Period was $50,000 or more, and you maintained that Deposit Amount for 90 days.
Capital One will deposit the bonus into your account within 60 days after you have completed all the requirements above.
- If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus. If at any time during the 90 days following the Initial Funding Period your Deposit Amount drops into a lower tier, you will be rewarded that tier’s cash bonus. If your Deposit Amount decreases to an amount less than $20,000, you will not qualify for a cash bonus. This account is subject to approval. This offer cannot be combined with any other 360 Performance Savings account opening offers. Only one promotional code is accepted. Bonus is only valid for one new 360 Performance Savings account. The amount of your bonus will be reported on IRS form 1099-INT to the IRS (and your state revenue authority, if required).
Our Verdict
Cumulative deposits used to work as well, but Capital One changed the terms awhile ago and that no longer works (it still works for the Discover bonus though). Return isn’t as good as I-Bonds but could be useful for people looking for a safe return on large sums.
Hat tip to reader Brian
6/27 – P1 and P2 opened savings w/ promo ‘SAVE22’ (both had received emails)
7/1 – both accounts funded with new money
10/10 – end of 90 day holding period (after 15 day funding period, 105 days total since opening)
10/11 – P2 received bonus
No payout for P1 yet. I can patiently wait for the bonus to post, just a bit concerned since P2 already received it. Last Cap1 savings account was closed on 12/20/2018, just in time to be eligible for this promo (no savings w/ them since 1/1/2019).
Based on DPs below it seems like payouts are generally a week or so after the 105th day. Since terms say payouts can take 60 days I may have to wait to inquire. Have all the screenshots and old 12/2018 statement, but hopefully the bonus will post soon.
Opened 6/27, deposited 6/28… i called and they said by 12/12/22…
I opened 6/28… still waiting
10/26 – $450 bonus posted for P1
Didn’t contact CS or anything. Strange it took 2 weeks longer than P1’s bonus, but I’m not complaining. Happy to mark this one as received.
Any update on the payout?
William Charles I received a targeted email with subject “here’s your opportunity to earn up to a $1,000 bonus💰” ——————- Earn up to $1,000 towards your savings goals when you deposit money into your 360 Money Market account. After the deposit, hold the money in your account until January 24, 2023 to earn the bonus. Easy right? ——————- https://www.capitalone.com/bank/fall1000/?utm_source=email&utm_medium=email&utm_term=View_Details&utm_content=06260_EM001974&utm_campaign=bank_Fall2022_MMA_BB_mma_Q3fy22_sep_w4 ——————- This bonus offer is meant only for the original recipient. Those who are not the original recipient will not receive a bonus. Please don’t share it. ——————- Here’s the scoop on how to earn your bonus. ——————- Increase your current balance in the 360 Money Market account identified by the last 4 digits of the account number in the offer email you received by depositing $25,000 or more of new money from an external bank (deposits from Capital One accounts will not qualify) between 12:00 a.m. ET on September 27, 2022 and 11:59 p.m. ET on October 25, 2022 (the “Funding Period”), then keep the new money in your account between 12:00 a.m. ET on October 26, 2022 and 11:59 p.m. ET on January 24, 2023. We reserve the right to review all transfers and deposits at our discretion and the following activities may not qualify for the bonus: any portion of new money to your 360 Money Market account that has been withdrawn and redeposited back into that account. The amount of your bonus will be determined as follows: ——————- $250 bonus – The new money you deposited from an external bank during the Funding Period was between $25,000 and $49,999.99 (Tier 1), and you maintained the total amount of the new money deposited in the account until 11:59 p.m. ET on January 24, 2023. $500 bonus – The new money you deposited from an external bank during the Funding Period was between $50,000 and $74,999.99 (Tier 2), and you maintained the total amount of the new money deposited in the account until 11:59 p.m. ET on January 24, 2023. $750 bonus – The new money you deposited from an external bank during the Funding Period was between $75,000 and $99,999.99 (Tier 3), and you maintained the total amount of the new money deposited in the account until 11:59 p.m. ET on January 24, 2023. $1,000 bonus – The new money you deposited from an external bank during the Funding Period was between $100,000 or more (Tier 4), and you maintained the total amount of the new money deposited in the account until 11:59 p.m. ET on January 24, 2023. If the balance of new money you deposited during the Funding Period drops to a lower Tier at any point between 12:00 a.m. ET on October 26, 2022 and 11:59 p.m. ET on January 24, 2023, you’ll earn the lower Tier bonus. If the balance of new money you deposited during the Funding Period drops below $25,000, you will not qualify for a bonus. If you make additional deposits after October 25, 2022 to reach a higher Tier, you’ll… Read more »
received same offer via email today.
Received the same offer via email today
Same, for P1 and P2. Both accounts not active other than occasional usage for DD. Small balances.
This deal ain’t that great. Account’s interest rate is only .8%. So extra 1% for 5 months means 2.8% total roughly. About = to other accounts without the shenanigans.
It’s only 3 months. Oct 25 through Jan 24. So roughly a 4.8% apy over a 3 month period
DP:
05/11 – ACH in $50,001.00
09/01 – $450 bonus posted
DP:
05/10 – Transfer from my checkins account of $20,000
08/31 – $150 Bonus posted
DP:
05/06 ACH in $50,000.00
08/22 $450 bonus posted
I see several of you got the bonus on 8/15. I opened account on 5/3, and funded on 5/9. No bonus for me as of today. Customer service would not confirm I met the bonus, just if I did the bonus would be paid by 11/12.
DP:
04/29 ACH in $50,001
08/15 $450 bonus posted
I wonder when we will start seeing the bonus. I funded my account on 8/9.
Just called them, they said – by mid November, but as long as you kept $ for 90 days – you are OK to move $ out
Not true, I kept mine for 95 days and withdrew half to meet the lowest tiered bonus just in case. Bonus posted on 8/15 for a lower tiered bonus. Now, on a waiting period to file for an exception as disclosure was disputable in terms of what constitutes 90 days. Apparently, their 90 days period do not start the moment your funding was posted to the account. Super odd and disputable.
The terms literally state that funds must be held for 90 days following the initial 15 day funding period. Anyways, hopefully they will make an exception. Good luck!
Why should capitol one be responsible because you could not read the full disclosure?
Mine posted automatically today, I funded on 5/5/2022
replying to my own question. $450 bonus received on 8/15,
Just tried to open an account. Got to the create a username/password and it came back and said I already had a log on…which is true back in 2018. I used the old username/password, and a message came up and said I was not eligible for the SAVE22 promo as it is only for new customers and asked me if I wanted to open the account without the promo. I exited the screen without answering. Based on the requirements for the offer I should definitely qualify. I will call them tomorrow and press my case & then report back my findings.
Just got off the phone with a CSR that confirmed I am eligible for the promotion; however, since the system didn’t apply the SAVE22 promo I have to call back to ask for an exception (earliest date 9/21) and if I met all of the requirements, they will award the bonus. Has anyone else had an experience like this with Capital One?
Honestly most likely the Fed will get CD rates over 3% in the next few weeks. This bonus is really not worth it. I would the $50K if the bonus was at least $600.
I seriously doubt we’ll see 3+% rates for <3 year CDs. But I will be glad to be proved wrong.
You are probably right…..maybe a 4YR, but if you ladder CDs it shouldn’t be a problem.
It’s a problem when the real inflation is over 10%. I am not upping my ladder right now.
I can buy 3 year treasury bonds in my brokerage account (no state tax) *right now* yielding 3.495%..
I have a performance 360 savings account plus 2 credit cards with C1. I got an email 2 days ago which had a picture of an alarm clock heading it saying time was running out and to hurry because I was eligible for a bonus by depositing either $20000 or $50000 to get a $150 or a $450 reward respectively. I moved $21000 over to my Performance 360 savings outside the app portal or a link in the email. The upshot of all this is i am not eligible according to this site because my Performance 360 Savings has been in existence since 2019. I took $20000 out of my high yield demand account with Quontic Bank on some wild goose chase email i got from C1. The come-on was both in my email and after I made the deposit there was a message on the app advertising the bonus once again. If i would have read this article first i wouldn’t have taken the bait and left my money where it was. All i will be getting for my $21000 deposit is .60 interest not the $150 bonus. All i can say is i was duped. It seems C1 would know i was ineligible for the bonus and not solicit money under the guise of a bonus in my email and on the app. A bad joke as they say. I’m pulling my $21000 from the Performance 360 just for GP.
I got an email for this same bonus and it mentions that I am eligible as a current savings customer. I’ve had the account since 2020-2021.
In the email it also mentions “This offer is only eligible for the account referenced in the email which you received. You may be eligible for other offers that you received via email. The bonus is only valid for the savings account ending in the last four numbers indicated in your email.”
I would say double check the email you have to see if it is for existing customers vs. new customer like the one posted here.