Capital One 360 Money Market Bonus
Capital One 360 has a new offer for its Money Market account that can earn you a bonus of $500 plus 2% in interest. Let’s check the details.
Offer
Open a 360 Money Market account, deposit $50,000 or more within 10 days and maintain it for the next 90 days.
Plus, you’ll earn 2.00% Annual Percentage Yield (APY), one of America’s top savings rates, on balances of $10,000 or more. And since 360 Money Market has no monthly fees, you keep all the interest you earn.
Open an account by September 22, 2019, using promo code CASH500 to begin earning your cash bonus.
Key Terms
- If you have or had an open savings product (excludes CDs) with Capital One on or after January 1, 2016, you’re ineligible for the bonus.
- This offer cannot be combined with any other Capital One or Capital One 360 new savings account opening offer, including savings accounts opened through Refer A Friend.
- Only one promotional code is accepted.
- Bonus is only valid for one account.
Conclusion
The $500 bonus for the Money Market account is the best they have offered. But, it requires a $50,000 deposit, which is a lot of money. You can do multiple deposits, it doesn’t have to be $50K at once, but has to be done within 10 days. You also need to keep the money in the account for 90 days. The rate is very competitive at 2.00% APY, but you can do better nowadays, close to 2.50% APY.
Just be aware that this a Money Market account and you’re limited to 6 withdrawals per month.
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[…] Capital One 360 Money Market Bonus, Get $500 Plus 2.00% APY […]
I took this deal last year when it was only a $200 bonus, and glad I did. Their website is pretty good – easy to keep track of what’s going on with your money. I got my bonus in a timely manner, and that 2% interest does add up in a gratifying way. But bear in mind that if the balance falls below $10K the interest rate drops precipitously to less than 1%. I had $10K that I wanted to sock away for a home project in the indefinite future, so it was perfect for me. I’m finally renovating the attic, so I finally need the money. I was thinking of just taking out what I needed for the project, but when I realized what falling below $10K would do to the interest rate I decided to just close the account and withdraw it all. Working on that now.