Capital One Savings Account Bonus
There is a Capital One savings account bonus that could net you up to $1,500. Forewarning: The deposit amount is steep for the ToP end of the bonus structure. Luckily, Capital One offers some other bonus tiers that are much more approachable. This bonus offer doesn't require a ton of hoops to jump through and it includes a decent savings rate too. Update 4/18/26: Terms have been updated, improving the eligibility window for those who formerly held Capital One accounts. See Offer Terms below.
Offer Details
Here are the details for the Capital One savings account bonus offer:
- Open a new 360 Performance Savings account with promo code BONUS1500.
- Deposit $20,000+ of external funds (not at Capital One currently) during the 15-day Initial Funding Period after opening your account.
- Hold the deposit(s) in your account for 90 days after the 15-day Initial Funding Period ends.
- See the bonus in your new account within 60 days after holding. See chart for bonus amounts.
- The account also has a 3.7% APY savings rate at the time of writing
- Link To Offer
Here is a breakdown of the savings bonus offer based on deposit tiers
| Deposit | Bonus |
|---|---|
| $20,000+ | $300 |
| $50,000+ | $750 |
| $100,000+ | $1,500 |
Offer Terms
Here are some notable terms for the Capital One savings account bonus offer:
- If you have or had an any of these open accounts as a primary or secondary account holder with Capital One on or after January 1, 2024, you will be ineligible for the bonus. (Previously this was January 1, 2022.)
- 360 Performance Savings
- 360 Savings
- 360 Money Market
- Savings Now
- Confidence Savings account
- If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.
- If at any time during the 90 days following the Initial Funding Period your account balance drops into a lower tier, you will be rewarded that tier's cash bonus. If your account balance decreases to an amount less than $20,000, you will not qualify for a cash bonus. In addition, any additional deposits made during this Hold Period will not qualify you for a higher tier bonus.
- Bonuses are considered interest and will be reported on IRS form 1099-INT.
Avoiding Fees
This account does not have any monthly fees or minimums to worry about. We also do not see any verbiage about an early termination fee. Be sure to check the terms yourself for that when signing up, since that can change at any point.
Capital One Savings Account Bonus: ToP Thoughts
The Capital One savings account bonus is a pretty good option for grabbing a decent return for your money. Especially when you include the bonus potential to go along with the decent savings rate the account offers. You could even pair this up with the Capital One checking account bonus to increase your potential gains. If you are planning on grabbing this savings account bonus let me know over in the ToP Facebook Group.
