[Expired] [Targeted] Capital One $200-$600 Money Market Bonus – Requires Deposits Of $10,000-$100,000

Deal has expired, view the best current checking bonuses by clicking here.

Offer is back. Still contains targeted language, this time there is no promo code on the actual landing page making me think it might actually be enforced. Hat tip to reader Lei

Offer at a glance

• Maximum bonus amount: $600
• Availability: Nationwide, but does contain targeted language
• Direct deposit required: None
• Additional requirements: See below
• 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
• Expiration date: May 31st, 2018 December 14th, 2018

The Offer

Direct link to offer

• Capital One has a new money market bonus in partnership with Quicken.  To receive the bonus you must deposit a set amount of funds within the first 10 days of account opening and then maintain that balance for at least 90 days. The bonus tiers are as follows:
  • Earn a $600 bonus for deposits of $100,000 or more
  • Earn a $400 bonus for deposits of $50,000 to $99,999
  • Earn a $200 bonus for deposits of $10,000 to $49,999

The Fine Print

• To qualify for the bonus, you must have received an email directly from Quicken with a promotional code. To qualify for the bonus, you must have received an email directly from Quicken. You must open your very first 360 Money Market account online between July 11, 2018 and 11:59 p.m. ET on December 14, 2018
• To earn a bonus your account must be funded with at least $10,000 in the first 10 days of account opening (Initial Funding Period) from a non-Capital One account. The amount of your bonus will be determined as follows:
  • $200 Bonus – You maintained a balance of $10,000-$49,999 for the first 90 days following the Initial Funding Period.
  • $400 Bonus – You maintained a balance of $50,000-$99,999 for the first 90 days following the Initial Funding Period.
  • $600 Bonus – You maintained a balance of $100,000 or more for the first 90 days following the Initial Funding Period.
• Your bonus will be based on the lowest amount maintained for 90 days. If your balance drops to a lower tier at any point during the 90-day period, you will earn the lower tier bonus. If you make additional deposits during the 90-day period to reach the next level tier, you will still only be eligible for the lower tiered balance.
• You won’t be eligible for the bonus if you currently have, or have had, a 360 Money Market account with Capital One. This bonus offer cannot be combined with any other Capital One Bank or Capital One 360 new account opening offer and is strictly non-transferable. The offer is not valid for multiple accounts
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees and there is also no early account termination fee.

Our Verdict

Capital One have periodically being offered the lowest tier of this bonus for some time, it has always contained some type of targeted language but this isn’t enforced and I doubt you will need to be a Quicken customer for this bonus either. They also did offer a $200 bonus with only a $1,000 deposit required that was much better. What’s new is the higher tiers. In saying that there was another offer that required a $50,000 deposit that was for $500 (rather than $400 in this bonus).

The nice thing about this bonus and account is that it also earns 2% APY, that’s not the best high interest savings account available but at least it’s some what competitive. You’d likely need to have these funds deposited for ~100 days (gives yourself some time to get them into the account and then withdraw them again, plus the 90 deposit requirement). Over that period you’d earn (keep in mind these are the annualized returns):

• $200 bonus: Extra 7.3% APY
• $400 bonus: Extra 2.9% APY
• $600 bonus: Extra 2.2% APY bonus

As you can see the $200 bonus is the real big change, but others might be worth considering if you have the funds I guess. It’s also worth remembering we have seen better bonuses in the past so it might be worth waiting for one of these given it’s once per lifetime. I’ll still be adding this to the best savings bonuses because at the very least this is worth considering/knowing about.

Another thing to mention is that this doesn’t exclude former ING customers, if anybody decides to go for it who was a former ING customer let us know in the comments.

Hat tip to DrGForce

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times