If you’re looking to give your savings a little boost this month, take a look at this recent bonus promotion from Capital One 360.
This deal asks for a substantial initial deposit, but it’s certainly worth examining if you can meet the requirements.
To start, the 360 Savings account carries no monthly fees and offers a competitive interest rate of 0.75% annual percentage yield (as of 5/20/15) with no minimum deposit necessary to open or maintain the account. The caveat is that to qualify for the bonus, this must be your first 360 Savings account with Capital One.
How to Qualify for Up to a $500 Bonus with Capital One 360 Savings:
1. Open a Capital One 360 Savings account by the promotion’s deadline (3/31/2016 at 11:59 PM ET). If you’ve previously held a Savings product with Capital One 360 or ING DIRECT, you won’t be eligible for this offer.
If you already have an account, pass this information along to a partner, family member, or friend so someone you know can take advantage of the opportunity.
2. To be eligible for the bonus, your account must be funded within the first 10 days after opening. Transfers from an existing Capital One 360 account do not qualify for the promotion.
3. The bonus amount is based on the highest balance you deposit within the initial 10-day window and then keeping at least that balance every day for the subsequent 90 days after the 10-day period.
You need to deposit at least $5,000 and maintain a daily balance of $5,000 for 90 days following the first 10 days to be eligible for any bonus. The bonus you receive depends on the balance tiers during the initial 10-day funding window and the following 90-day maintenance period: $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+ earns a $500 bonus. The highest possible bonus is $500.
4. Capital One 360 will credit the bonus to your account within 10–15 days after the 90-day maintenance period — once credited, the money will be available immediately. Affiliate disclosure: To be transparent, this is a paid promotion by Capital One. These partnerships help cover site hosting, contributor pay, and other costs. Thanks for reading!
For readers wanting to consider alternatives or related offers, you might find comparisons like prime 2 day cap one useful when evaluating the best way to optimize your accounts.





