Deal has expired, view more bank account bonuses
[Update 3/12/19: Deal is back again for 3/11/9-5/19/19. Update image and promo code and offer link below. Thanks to reader A.S.]
Offer at a glance
- Maximum bonus amount:Â $500
- Availability:Â Nationwide
- Deposit Required:Â $10,000-$50,000+
- Deposit Length:Â 10 days from account opening
- Hard/soft pull:Â Â Soft, as long as you opt out of overdraft protection
- ChexSystems:Mixed
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â
February 28th, 2019May 19, 2019
The Offer
- Capital One is offering a bonus of up to $500. To receive the bonus you must use the promo code EARN500 & deposit a set amount of funds within the first 10 days of account opening and then maintain that balance during the following 90 days. The bonus tiers are as follows:
- Earn a $500 bonus for deposits of $50,000 or more
- Earn a $200 bonus for deposits of $10,000 to $49,999
The Fine Print
- Open a 360 Money Market account between 12:00 a.m. ET on January 1, 2019, and 11:59 p.m. ET on February 28, 2019.
- When you open your account, enter your promotional code—CELEBRATE.
- If you have or had an open savings product with Capital One after January 1, 2016, you’re ineligible for the bonus.
- Deposit $10,000 or more of new money from an external bank (transfers between Capital One accounts will not qualify) within the first 10 days of account opening (Initial Funding Period).
- The amount of your bonus will be determined as follows:
- $200 bonus — you maintained a daily balance of $10,000 – $49,999.99 for the first 90 days following the Initial Funding Period
- $500 bonus — you maintained a daily balance of $50,000 or more for the first 90 days following the Initial Funding Period
- If your daily balance drops to a lower tier at any point during the 90-day period, you’ll earn the lower tier bonus. If you make additional deposits during the 90-day period to reach the next tier, you’ll only be eligible for the lower tier bonus.
- This offer cannot be combined with any other Capital One Bank or Capital One 360 new savings account opening offer. Bonus is only valid for one account.
- Capital One will deposit the bonus into your account within 60 days after the end of the Initial Funding Period. If your account is in default, closed, or suspended, or otherwise not in good standing, you will not receive the bonus.
- 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
Offer is similar bonus amounts to what we’ve seen in the past from Capital One. Far as I can tell this bonus is publicly available for anyone, though many people won’t be eligible due to having a Capital One savings product since 2016 (“savings product” seems top include both savings accounts and money market accounts).
You do need to tie up the funds for 90-100 days. The good thing is that the account earns a competitive 2% APY interest rate. Personally, I’d go for this bonus if I wasn’t an existing Capital One savings customer. We’ll add this to the best bank bonus page. Keep in mind that cumulative deposits no longer work for these Capital One bonuses.
Big thanks to reader @myi‎ who let us know. Learn how to find bonuses and contribute to the site here.
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- Bank Bonus Posting Times
Funded $50k and withdrew after 91 days. No bonus 75 days later, had to call and have them manually post it.
If you did not receive this bonus even after 90 + 60 days, be sure to call. They will do the credit manually. That’s what happened to my $200 bonus for a $10k deposit.
Bonus received after 98 days
Mine’s been tied up for 90 days and still no bonus.
If anyone knows can I move the funds away after 90 days and wait for the bonus? Thank you very much?
They finally gave me the $500 after nearly 4 months,
I can get a better interest rate elsewhere.
Do I have to maintain the account longer?
My bonus took 5.5 months to arrive. When I originally called I was told I’d have to wait the 60 days after the initial 90 days as per the terms. I didn’t get it after that amount of time and was told to wait another week. I still didn’t get it after the week, called again, and this time the rep manually forced the bonus into my account.
Looks like the $500 is alive until July 31st.
https://www.capitalone.com/spree500/
We got that one here https://www.doctorofcredit.com/capital-one-money-market-500-bonus-2-apy-requires-deposit-of-50000/
Can you update this post? $200 bonus still works through July 31st with code “OPEN200”
https://www.capitalone.com/open200/
I think that’s the same as this one https://www.doctorofcredit.com/capital-one-money-market-200-600-bonus-2-apy-for-quicken-users-requires-deposit-of-10000-100000/
Nope. Read carefully. This is not limited to Quicken users. It says “not a Quicken customer? Here’s another great 360 Money Market offer”.
Thanks
So what’s the deal – are you renewing this post? Writing a new one? Both $200 and $500 offer are currently available, just with different codes than previously listed here.
I’m not sure, a bit swamped now, we’ll see.
$13,000 deposit posted on 3/4/19.
$200 bonus posted on 6/10/19 (98 days later).