Capital One 360 Savings Deposit Promo ($300 to $1,500 Bonus)

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Capital One has brought back a deposit promotion worth up to $1,500 for new 360 Savings accountholders. It’s a good bonus, but only for “new” customers and those that are willing to keep an eye on things. Here’s their definition of “new”:

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, 2022, 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.

Note: Some readers have reported in the past that they were not able to apply the promo code even as valid new customers, and Capital One responded that this was a targeted promotion even though there is no such language on the offer page nor in the terms and conditions. After applying, I would contact them and make sure that the promo code “BONUS1500” was accepted before making a large deposit for this promo.

The steps:

  • Open a new 360 Performance Savings account with promo code BONUS1500 on or after April 3, 2024.
  • Deposit $20,000+ of external funds during the 15-day Initial Funding Period after opening your account.
  • Hold the deposit(s) in your account for an additional 90 days after the 15-day Initial Funding Period ends.
  • $20,000+ deposited = $300 bonus.
  • $50,000+ deposited = $750 bonus.
  • $100,000+ deposited = $1,500 bonus.
  • See the bonus in your new account within 60 days after holding.
  • You’ll also earn their normal interest rate (variable, but currently 4.25% APY as of 4/17/24). No monthly fees or minimum balance requirements.

Note that the 90-day “maintain balance” period is after and in addition to the end of the 15-day “initial funding period”. So if you are counting from the opening day, that is a total of 105 days after opening. This is important as other readers have gotten denied for the bonus when withdrawing after 91-100 days. You may wish to chat with Capital One to confirm the exact date.

As long as you hit the tiers exactly, you are getting 1.5% of your deposit with technically a minimum holding period of 90 days, but you’ll probably want to send it in a little early and take it out a little late to be safely within the deadlines. Let’s call it 120 days for a conservative round number. This works out to the equivalent of (a little more than) a 4.5% annualized yield. If you assume the current 4.25% APY holds, that would be an estimated 4.5% + 4.25% = 8.75% annualized yield for those 120 days.

A 4-month CD at nearly 9% APY is not bad if you have a lot of money and a short-term horizon for it. Again, this one is only for new customers or those that have closed their previous CapOne360 savings-type accounts by January 1, 2022.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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  1. Thanks for the tip. I’ve had a 360 Savings account for years (coming from ING Direct) and didn’t realize that 360 Performance even existed. Unfortunately the 360 Savings accounts disqualify me so I’m closing them today in the hope of qualifying as a “new” customer in the future. The 360 Savings only earn 0.3%, and it’s a little disappointing they wouldn’t encourage an upgrade to a higher interest rate.

    • I just woke up to the fact that my Cap One 360 savings account is only paying 0.8% interest – they never switched me to the Cap One 360 Performance Account that appears to have replaced the Cap One 360 as the latter version no longer appears on their website. That was probably back in 2019. Never notified that there was the new version. My account was $52,000-94,000 in that time period. In my view they cheated me out of well over $1,000 in that time period. I just closed it out and will put it elsewhere.

      • MappleOrchard says

        You’re not the only one in this boat. I also closed my 360 Savings account and used my wife’s account to open a Performance savings to get this promo bonus

  2. Stuart J Weissman says

    I had no issue Jonathon. If there is a referral bonus, I just transferred 100K.

  3. Mike Kirkpatrick says

    Do your funds have to stay in the account after the 90 days or 105 as you said, or can I transfer them out after the time needed to hit the bonus before the bonus hits the account?

  4. Cha-Ching! Got my bonus today 2/23/2023. Funded the account 11/21/2022. Difference = 94 days.

  5. Corrections:
    Cha-Ching! Got my bonus today 2/23/2023. Account opened 11/9/2022 (Difference = 106 days). Account funded 11/21/2022 (Difference = 94 days).

  6. So my wife and I just made a 360 performance savings account on 04/29/23. We then didn’t realize the promotion that was going on and did not put in the promo code before making the account. Should we call Capital One to see if I still qualify for the promotion even though we didn’t put the code in initially and tell them the code? We plan on depositing the over $100,000.

  7. The link in the post goes to spring23 which expired. The correct URL is

  8. I just got a $350 bonus from them last month for two direct deposits of >$250 each. My account is closed, just need to wait another year.

  9. Hello, thanks for the info. Is there a way to check (during the hold period) if you have met the requirements for bonus payout? I have used the promo code and funded the account within the first 15 days, but don’t see anywhere about the promo status when I login online.

    • Master Wong says

      I don’t think there is a way to check online. I would call their customer service.

      • I put in the Fall23 code and it said successfully applied. My account didnt open, and I called capital one and they said they needed extra security questions and activated the account then transferred me to the promotions dept. They said the code wasnt applied. Classic bait and switch. Now they tell me I have to apply for an exception on April 3rd. and meet requirements. Sodo I truat them an droll the dice for the $1500 and remove the funds from my vanguard account making 5.4% ?

      • Thanks. I called their customer support and the rep confirmed on the bonus code and deposit requirements being met and gave the dates until when I need to hold the balance and potential date for bonus to get deposited. Easy process.

    • Got the bonus 2 weeks after 90 days.

  10. I was able to setup Capital One 360 Saving account using Fall23 last Friday, but now a week later, Capital One website is still unable to send text to my mobile number, so I can’t add external account or update my profile (e.g. e-mail address) online (both require text message verification, and if you try too many time, you have to wait 24 hours to try again). I called cust. service 1 800-655-2265 several times but all reps. said they don’t know how long it will take for the third party company to verify my mobile number. I finally talked to a manager (not a rep) and she was able to help me add the external account for transfer.
    Hope your experience is better than mine.

  11. Thank you, Jonathan.

    How do you calculate, what is the formula you use to come up with: “This works out to the equivalent of (a little more than) a 4.5% annualized yield.” ?
    Thank you

    • Let’s say you earn 1% of your deposit in 30 days (i.e. $100 on a $10,000 deposit in 30 days). A year has 360 days, so if you annualized that return, that would be an annualized 12% yield (12 times 1%). Obviously you can’t let it sit there for a year and actually earn 12%, but that is a measurable “speed” at which you would be earning, and after those 30 days you can move your money elsewhere.

  12. Does anyone see an expiration date on this most recent offer?

  13. From their site: Capital One reserves the right to end this offer at any time with or without notice.

  14. Is there an Inbound ACH limit for funding the CapitalOne account? Can I initiate a single transfer of $20k on the CapitalOne website from another bank? If not, 15 days is not a lot of time to get it done.

    I ran into this problem with a Chase savings account bonus in the past. I initiated a single transfer on the Chase site from another bank, but Chase canceled the transfer as it exceeded their limit. I ended up transferring to another bank, getting a Certified check from them and manually depositing that at Chase to get their bonus.

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