Capital One 360 Bonus – Up to $500 for New Savings Accounts!

(This offer is now expired. However, you can get $25 just for opening an account using this link.)

Remember when interest rates on savings accounts were comfortably sitting at 5%?

Well those days are long gone and if you’re putting money into an online savings account, you have to find creative ways to maximize your return.

Lucky for everyone, Capital One 360 is making that task a little easier, offering up to a $500 bonus for new 360 Savings® by Capital One® accounts.

From now until March 31, 2016, new account holders will be able to earn up to a $500 bonus when opening a 360 Savings by Capital One account. (If you've had a Savings product with Capital One 360 or ING DIRECT before, you won't be eligible for the bonus.) The bonus structure is below.

  • A $50,000+ deposit earns a $500 bonus
  • A $40,000+ deposit earns a $400 bonus
  • A $30,000+ deposit earns a $300 bonus
  • A $20,000+ deposit earns a $200 bonus
  • A $10,000+ deposit earns a $100 bonus
  • A $5,000+ deposit earns a $50 bonus

As you can see, the maximum deposit bonus one can receive caps out at 1% of the total deposit. The deposit must be made within the first 10 days of opening your account and you must maintain your deposited daily balance for at least the first 90 days. Exact wording on the details is as follows:

If you’ve had a Savings product with Capital One 360 or ING DIRECT before, you won’t be eligible for the bonus. You must deposit a minimum of $5,000 from an external account (non-Capital One source) and maintain a daily balance of $5,000+ for 90 days after the initial 10 day period to qualify for any bonus. The amount of the bonus you actually earn will be determined based on the following balance tiers during the initial 10 day period and the 90 day period after that: $5,000+ earns a $50 bonus, $10,000+ earns a $100 bonus; $20,000+ earns a $200 bonus; $30,000+ earns a $300 bonus; $40,000+ earns a $400 bonus; and $50,000+ or more earns a $500 bonus. The maximum bonus you can earn is $500. If you qualify for a bonus, you will be paid on or before day 130 (measured from the day after your account is opened). Additional details can be found here.

This offer is very lucrative when compared to just about any other savings account. A few additional perks offered from 360 Savings by Capital One…

  • No monthly fees or minimum balance requirements.
  • No minimum deposit required to open an account.
  • Free electronic fund transfers to a linked checking account.
  • 24/7 online and mobile access, or talk to a real person 7 days a week 8AM-8PM if you need help.
  • % APY as of 1.27.2016

360 Savings by Capital One Account Application Page (even though the big bonus has ended, you can still get $25 for opening a savings account using this link)

Disclosure: I will receive a referral fee if you open an account via one of the links above, as a paid endorsement. 

Want My Free 31-Step Money Guide*?

Subscribe for free. Get my guide *31 Days to Improve Your Financial Life, welcome series, and regular Five Things digest. Join 30,000+ other followers.

Powered by ConvertKit

About Michael Pruser

After spending a ton of money to go to the private University of Miami, Michael now enjoys spending time at home, writing personal finance articles for the world to read. His journey out of debt continues 500 words at a time.


  1. I think it is time for saving until bear market brings only losses for shareholders. For now I am in cash and maybe I will invest in Capital one and pickup some of bonus. Is there any condition how long I must keep money on account?

  2. Veronika Boog says:

    Nice info, but what is the interest rate on savings, I have K10$ which are under interest rate 1.04% per year.
    Thanks for the answer!

  3. Ahhh, weren’t those great days! Now lucky to get 1% on savings here :-/ But these are great deals, thanks for the offer!