$200 Bonus for New Money Market Account at Capital One 360
Capital One 360 has a great bonus for new Money Market accounts that is now available nationwide. This same bonus has been around before but was targeted.
The Offer
Open a new 360 Money Market with invitation code 200GROW and receive a $200 bonus when you deposit $10,000 or more by June 30, 2017. Also earn 1.00% APY on balances of $10,000 or more. (Balances of less than $10,000 will still earn a great everyday rate of 0.60% APY.) Apply online here.
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
Key Terms
- Offer available only to those who have never had a Savings product with Capital One, Capital One 360 or ING DIRECT before (If you’re not sure, call 800-464-3473 to see if you qualify)
- Open account and deposit at least $10,000 no later than 6/30/2017 11:59 p.m., E.T.
- Must make deposit from an external account (not another Capital One account)
Conclusion
A great bonus for those who never had a savings product with Capital One. All you need to do is deposit $10,000, but you don’t have to keep the balance there after that. You can transfer out if you’re earning more than 1% anywhere else. There’s no fees on the account, so you can keep it open without a balance.
HT: Doctor of Credit
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Promo code invalid. Same on the DOC threads.
Do I need to keep it open for at least 6 months or for any particular duration?
I opened one of these accounts recently and 100% agree with everything you posted. This is a nice little savings account but not for parking large sums long-term. The bonus posted quickly for me (less than two weeks) and others report the same. Another potential advantage is that opening this account may be a gateway to good targeted offers for other Capital One products.