Capital One

https://www.capitalone.com/build450/

"Here’s the scoop on how to earn your bonus:

Increase your current balance by depositing $20,000 or more of new money from an external bank (Balance Build Deposit) account into your 360 Performance Savings account mentioned by the last 4 digits of the account number in the communication you received (account must be opened prior to 3/15/2020) between 12:00 a.m. ET on April 27, 2020, and 11:59 p.m. ET on May 31, 2020.

• $150 bonus—the money you deposited from an external bank was between $20,000 and $49,999.99 (Lower Tier), and you maintained the Balance Build Deposit daily in the account until 11:59 p.m. ET, August 29, 2020.

• $450 bonus—the money you deposited from an external bank was $50,000 or more (Higher tier), and you maintained the Balance Build Deposit daily in the account until 11:59 p.m. ET, August 29, 2020.

If your Balance Build Deposit balance drops to the Lower Tier at any point between 12:00 a.m. ET on June 1, 2020, and 11:59 p.m. on August 29, 2020, you’ll earn the Lower Tier bonus. If your deposited balance drops below the Lower Tier, you will not qualify for a cash bonus. If you make additional deposits after May 31, 2020, to reach the Higher Tier, you’ll only be eligible for the Lower Tier bonus.

This offer cannot be combined with any other Capital One offers. The bonus is only valid for one account.

When will I get my bonus? Capital One will deposit the bonus into your 360 Performance Savings account mentioned by last the last 4 digits of the account number in the communication you received within 60 days following August 29, 2020. If your account is in default, closed, suspended, or otherwise not in good standing, you will not receive the bonus.

What you need to know about the 360 Performance Savings account:
A rate of 1.50% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 4/27/2020. Rates are subject to change at any time before or after account opening."

I wonder if mobile check deposit or depositing $$ through drive thru at branch works also?

Less than three weeks after Capital One slashed their 360 CD rates, they increased their 360 CD rates today. None of the new rates are good deals, but it’s always nice to see a CD rate hike in this environment. One interesting thing to note is that Capital One isn’t alone. A few other banks with a large credit card business have also recently increased deposit rates.

Term_________APYs________
____ pre-3/12 -> 3/12 -> 3/31
12 mo 1.70% -> 1.00% -> 1.50%
18 mo 1.70% -> 1.00% -> 1.50%
24 mo 1.60% -> 0.95% -> 1.40%
30 mo 1.50% -> 0.95% -> 1.40%
36 mo 1.45% -> 0.90% -> 1.40%
48 mo 1.45% -> 0.90% -> 1.40%
60 mo 1.40% -> 0.85% -> 1.40%

There was no rate change today on the 360 Performance Savings. On March 12th, the rate 360 Performance Savings account fell from 1.70% to 1.50% APY.

I thought it would be useful to highlight a few of the rate cuts at the major online banks.

Capital One just slashed its 360 rates today. In the next month, some banks will probably do multiple small cuts while others will just do a big cut. For the 360 CDs, it looks like Capital One chose one big cut.

360 Performance Savings: 1.70% -> 1.50% APY

12 mo 1.70% -> 1.00%
18 mo 1.70% -> 1.00%
24 mo 1.60% -> 0.95%
30 mo 1.50% -> 0.95%
36 mo 1.45% -> 0.90%
48 mo 1.45% -> 0.90%
60 mo 1.40% -> 0.85%

It’s interesting to note an inverted yield curve.