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$500 Bonus for New Money Market Account at Capital One
Capital One has a great bonus for new Money Market accounts that is now available nationwide. You need to deposit a total of $50K, but you can make a $500 bonus.
Open your account and deposit at least $50,000 by October 31, 2018, using promo code OFFER500 to earn an exclusive $500 bonus. Plus, you’ll earn 1.85% Annual Percentage Yield (APY) on balances of $10,000 or more.
Capital One will deposit the bonus money into your account in approximately 6-8 weeks after completing the above conditions. Once it’s deposited, the funds will be available immediately. Account must be in good standing.
- Deposit at least $50,000 no later than 11:59 p.m. ET on October 31, 2018
- Deposits must be from another bank (transfers between Capital One accounts will not qualify).
- If you have or have had a savings product with Capital One after January 1, 2016, you won’t be eligible for the bonus.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
This bonus is available only to those who have not had a savings product with Capital One after January 1, 2016. To get the $500 bonus you need to deposit a total of $50,000, but you don’t have to keep the balance there after that.
Plus, you’ll earn 1.85% Annual Percentage Yield on balances of $10,000 or more, which is a very competitive rate.
HT: Doctor of Credit
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.