Earn Up To $500 When Opening a New Capital One 360 Performance Savings


UPDATE 4/27/20: Bonus has been extended from March 31 to May 31, 2020. Promo code has been changed from NEW500 to SCORE500.

Deal Summary: Bonus between $100 and $500 when opening a new 360 Performance Saving account with $10k-$50k deposits of new money.

Availability: Nationwide through online application.

Now through May 31, 2020, Capital One is offering a bonus of up to $500 when opening a new 360 Performance Savings account.

Qualification requirements are straight-forward and include,

  • Open a new 360 Performance Savings account by May 31, 2020, using promo code SCORE500.
  • Deposit $10,000–$50,000 or more of new money within 10 days of account opening (Initial Funding Period).
  • Maintain the required daily balance within a bonus tier for 90 days following the Initial Funding Period, and earn $100 for every $10,000 maintained (up to $500).

If you have or had an open savings and/or money market account (excluding CDs, IRA savings accounts and Kids Savings accounts) as a primary or secondary account holder with Capital One on or after January 1, 2016, you're ineligible for the bonus.

That’s actually an improvement over the previous restriction, which excluded anyone who ever had a savings product with Capital One Bank, Capital One 360, or ING Direct. As DA reader, RickZ, put it – essentially a once per lifetime restriction.

The bonus will be deposited into the 360 Performance Savings account within 60 days weeks of completing the above-mentioned requirements. For the link to the Capital One promo page, please refer to the Capital One bonus summary in the DA bonus page.

If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.

Many thanks to DA reader, Rickny, for posting this bonus deal in the Forum

360 Performance Savings

I wrote about the 360 Performance Savings account last fall, shortly after its addition to the Capital One product line. In that October blog post, I described the 360 Performance Savings as combining the best elements of the two accounts it replaced: the top rate of the 360 Money Market Account and the 360 Savings Account’s no minimum balance requirement to qualify for the top rate.

1.00%--Capital One360 Performance Savings
Rates as of July 13, 2020.

For more details about the 360 Performance Savings account, including account features, please refer to the October 4, 2019 blog post.


Headquartered in McLean, Virginia, Capital One describes itself as “a diversified bank that offers a broad array of financial products and services to consumers, small businesses and commercial clients.” Any U.S. citizen or lawful permanent resident, 18 years or older, with a U.S. physical address or a military address (APO or FPO) and a valid Social Security number, can open an account at Capital One.

For new customers, opening a 360 Performance Savings Account can only be done online and must be funded from a checking account at another U.S. chartered bank (known as your Linked Account). According to the 360 Performance Savings Disclosure,

You must tell us to either electronically transfer money from your Linked Account or give us a personal check drawn on your Linked Account. Your 360 Performance Savings account won't be considered "opened" until you complete our verification procedures.

Bank Overview

Capital One has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.33% (excellent), based on December 31, 2019 data. In the past year, Capital One has increased its total deposits by $19.56 billion, an excellent annual growth rate of 8.45%. Please refer to our financial overview of Capital One (FDIC Certificate # 4297) for more details.

With assets in excess of $328 billion, Capital One is currently the eighth largest bank in the country. Besides having a large branch network (more than 460), Capital One also has a large internet banking division, previously known as Capital One 360.

Capital One acquired the internet bank, ING Direct, in 2012 and shortly afterward, ING Direct was transformed into Capital One 360. Operating as a subsidiary of Capital One Financial Corporation for about four years, Capital One 360 was absorbed by Capital One in 2017. Although Capital One 360 no longer exists as a separate entity, all of the Capital One 360 products are still available, but offered from the CapitalOne.com website. FYI – CapitalOne360.com automatically forwards visitors to CapitalOne.com.

How the Bonus Compares

Since Capital One continues to keep the rate competitive on the 360 Performance Savings, you won’t lose out on much interest as you maintain the required balance to qualify for the bonus. Let’s say you maintained a balance of $50k for four months, the $500 bonus would effectively add 3% to the interest rate earned for those four months.

DA maintains a full list of the best savings and checking account bonus offers currently available.

The above rates are accurate as of 4/27/2020.

Related Pages: savings accounts, nationwide deals, bank bonuses, Internet banks


  |     |   Comment #4
Warning - Think twice about moving funds to Capital One for bonus. They haven't honored the last $500 bonus for MM I opened last July. They had me jump through a lot of hoops because there was system glitch about the code, then funding was delayed because transfer didn't go through immediately. However, they made numerous notes on my account over the past months that I opened using the bonus code and, every time I called they assured me I would still get bonus. 
Every time I called in to re-verify my bonus was coming they told me I would have to call and request it in ANOTHER 30+ or 60+ days because the system wouldn't automatically generate it. Now, they say they will excalate it (for the 3rd time or so), so I think I will NEVER receive that bonus. Big wasted time and effort on my part.

I wanted new credit cards with them, but won't do that now since I can't count on them to honor points or miles earned. I am on another "wait another 2 weeks to hear from us" cycle, but their tone was very different last time I called. They see the notes the customer service reps made, but I don't think they are going to honor what I was repeatedly told. I need to take all of my funds out and move on, so I can forget about this bad experience.
  |     |   Comment #5
Another Warning
If you have ever been ING Bank customer allow time cushion for application to Cap 1.
I was stopped cold in application when asked to create a Password & ID. Told I was already on file, assume from former ING account.
In calling customer service, was told some of my info on closed ING account forwarded to Cap 1 in merger- but not my forgotten Password & ID, so they couldn't piece together new info! Catch 22! On phone for an hour, 3 reps.
The "Tech Department" is working on problem & will give me a call @ undisclosed day or time when it is resolved...
  |     |   Comment #15
This happened to me too. I never had any accounts with Capital One Bank in the past, but I had been ING Bank customer for years before ING was merged with Capital One. I tried to open the 360 Performance Savings when they introduced this savings account last year. I didn't open this account to get the bonus. I was stopped cold in application when I tried to create the ID and Password . I was told I was already on file. After calling customer service, I was told some of my info on closed ING account forwarded to Capital One in merger. I was on phone with 2 reps for more than an hour. Finally they told me the "Tech Department" will work on the problem and give me a call within 7 business days. I haven't heard from Capital One since last year.
  |     |   Comment #6
Hello, Here I am again. Former client of ING with ghost images of old long closed account keeping me from new Cap 1 Bonus account. Still NO WORD from "Tech Department " on curing problem.
Any one else in this Catch 22 of application claiming I have a password & ID & customer service folks telling me no I don't?
  |     |   Comment #7
P.S. May all in community, this & other ones, be well.
  |     |   Comment #8
Everyone should also read the posts under the Review by Ken dated October 4, 2019 below
  |     |   Comment #9
Thanks, Choice, I did read Ken & comments. Dancing with the Devil (Big Banks) can result in burn. I try to take the sugar & dance away. Have struggled, usually successfully, when they ask additional verification of identity, address, try to hold on beyond my careful fulfilling of all requirements for bonus bucks. Sounds like others have had struggles with Cap 1.
But first I gotta get IN!
With plummeting interest rates sugared bonuses increasingly important.
Predatory Depositor
  |     |   Comment #14
Just when I thought I was in they pull me back out!
  |     |   Comment #22
Hey that was my line! LOL.
...and why do you get multiple votes using it when I only get one?
  |     |   Comment #10
I had an error when signing up but the account is open when I log in. Is there a way to confirm the NEW500 promo code has been applied to the account? At Marcus you can see promo codes on each account.
  |     |   Comment #18
I have the same question.
After reading all the comments about people not being able to get their promo bonus, especially people who had ING accounts in the past. I had an ING account long enough ago that I do qualify ( I just spoke to Cap1 rep, who verified that I qualify for bonus promo), I am now wondering if I will have a problem ; I am about to sign up, but don't want to waste my time.
#11 - This comment has been removed for violating our comment policy.
deplorable 1
  |     |   Comment #12
I just got this offer in the mail today so I came here first to see the reviews. As a former ING direct customer this bonus worries me a bit. I think we are all clear now but after reading some of these posts maybe not. ING has been gone since what 2012 or so? You would think they would have had any issues worked out by now.
I like the fact that the account pays 1.5% while you are waiting for the bonus so basically no lost opportunity cost making me want to give this $500 bonus a shot.
Has anyone else who was a former ING customer successfully gotten a Capital one bonus? For some reason I just can't get myself to trust these guys since they have been so restrictive in the past.
Predatory Depositor
  |     |   Comment #13
I had $1 in my account from the ING days that I left there till about a year or two ago. So I'm ineligible. Tragic mistake.

I'm a trustee on a trust account at Capital One that also has a very small balance. Not sure if that would disqualify me, but it doesn't matter anyway.

I'll check back in 2030 to see if I'm eligible.
  |     |   Comment #16
"I'll check back in 2030 to see if I'm eligible."

If CO is still there.:D
  |     |   Comment #17
I did the bonus with Capital One and it was a flawless process from beginning to end. I have found them excellent to deal with and years ago I did have an account with ING. The only thing I dislike is the drop in interest rates without prior warning.
  |     |   Comment #19
This "90 day" waiting period is BOGUS. Where does it say above that you must wait an additional 60 days to receive your bonus? I was expecting to see $500 added to my account this morning, but alas NOTHING was there except my regular interest. I called, and they gave me some line about there is a 60 day review process ???? FALSE ADVERTISING !!!
deplorable 1
  |     |   Comment #20
It's in their terms on the website:
"Capital One will deposit the bonus into your account within 60 days after you have completed all the requirements above. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus."
Don't worry the bonus could still post any day before the 60 days is up but you just can't call and complain until you wait the 60 days. Some banks even stipulate "business days" this is typical that they make you wait. Don't get mad and close the account or you will lose the bonus for sure. It's best to allow 6 months in total for most bank bonuses although I have been lucky a few times and had it all wrapped up in 3 months. It all depends on the bank and if they have a early account closing penalty to watch out for. With some banks you must keep the account open for 6-12 months before closing or you will be charged a fee and they could even claw back a bonus. Always best to call and double check before closing a account.
  |     |   Comment #21
Why even bother with this??
...when Citibank is giving $700 for the same $50K, and you only have to keep it there 60 days!


According to rep there this morning, bonus will be paid within 30 days of completing
the 60 day requirement.
deplorable 1
  |     |   Comment #23
I also prefer Citibank bonuses. I have done several of them with no issues. The lower $200 bonus is actually the best deal but they are all good. This was just interesting because of the 1.5% rate on the savings account. Most banks pay next to nothing while waiting for the bonus to post. This is one you could keep open as well since the rate isn't bad.
  |     |   Comment #24
Definitely interesting ....maybe easier for some if Citibank isn't as lenient with applications, thought I'd guess account opening would be easy for most.
Normally, I'd say the $500 vs $700 does look like a wash given the higher interest rate; except for the fact that Citibank claims to pay sooner.

Whatever,... I'd rather the 60 days vs. 90 but they probably both cough up the bonuses within similar timeframes.
  |     |   Comment #25
I'm interested in the Citibank but what's the fee free exit strategy? If you go for the $700 you need a 50k balance to avoid a fee. Can you ACH out and close w/o getting hit?
  |     |   Comment #26
No early closeout fee according to the rep I spoke with.
As long as you keep $50K in there between all accounts, any maintenance fees are waived.
deplorable 1
  |     |   Comment #27
Both the $200 and $400 bonuses are better because you can drop the balance down to $1,500(for the $200) or $10,000(for the $400) after the 60 days while waiting for the bonus to post. Far less lost opportunity cost than the $700 bonus which requires a $50,000 balance to keep the account fee free. You can be out of these in a little over 3 months. The Huntington $200 bonus is also one of the best particularly if you have the voice card and a small $4,000 CD to keep the checking fee free. Once a year only now for these.
  |     |   Comment #28
Yeah,.. I believe you're correct.
The % return is actually higher with the $400 bonus than with the $700, all else being equal. Wouldn't even bother with the $200; not worth the time & effort....
  |     |   Comment #29
Just to be clear, when the bonus posts do you transfer out everything minus the minimum balance and have it closed w/ remaining balance sent to your by check? I'm sure you'd still come out ahead but I'd like to avoid the money sitting in paper check form and having to deal with depositing it after the bonus.
  |     |   Comment #30
If you're not interested in Citibank's (or any other bank's) accounts after X amount of time, you can always give instructions to some other institution to initiate an ACH OUT; thereby closing it. Afterwards, just call the losing bank & tell them you want the account closed.
  |     |   Comment #31
Rate dropped to 1.3% APY now... still a good deal, just not as good as it was
  |     |   Comment #32
The bonus offer is extended to June 10th.
  |     |   Comment #33
Thanks, my next CD matures June 1 so the extension worked out well. With an existing CapitalOne credit card account, opening this account today was quick and easy. Received email confirmation showing the promo code was applied. External account link has been initiated (trial deposits) and beneficiaries setup. Less than 5 minutes start to finish. Both accounts (CC and savings) now appear when logging into my original CapitalOne account.
  |     |   Comment #34
Beware of this FALSE bonus!
I opened a new Capital One 360 savings account on 5/21/20. On 5/22 I received an email advertising the SCORE500 bonus. So of course I called and asked an agent if they would honor the bonus as I received the email the VERY NEXT DAY and was planning to transfer $40-$50k into the new account anyway. I was told a “note” would be made to my account and to call back after the 90 day waiting period at which point they would review my account and make a decision about the bonus. On 5/21 I had already set up an external account to transfer funds from another institution into my new Capital One. Due to the holiday 5/25-the external account was verified and ready to use on 5/26. So I made an electronic external transfer for $40k+ on 5/26 which exited the other bank on 5/27. Today (5/28) those funds show up on my Capital One account as a “pending transfer” to be completed/available on 6/1/20. I just called and spoke to another agent-who has just confirmed that I have 10 “calendar days” to make a deposit from an external account to my new Capital One account to qualify for the bonus-making that deadline 5/31. But it takes Capital One 2-3 “business days” to set up an external transfer account and another 2-3 “business days” to complete that transfer and make those funds available (or sometimes longer as I was told). So CONVENIENTLY enough-it will take over 10 calendar days to accept my $40k+ transfer which should have qualified me for a $400 bonus. And even worse is the fact that the agent wont just tell me I no longer qualify-but instead can only tell me to “call back after Oct 28th to have my account reviewed”. Absolutely worst experience I have ever gone through with a banking institution. So disappointed with the false advertising and poor handling of a new account/customer. I’m not hurting for their bonus-it’s the misleading advertising that bothers me. Hopefully this helps someone out there not get suckered in like I did!
  |     |   Comment #35
In my experience with bank bonuses you have to meet conditions very strictly within the parameters of the offer (that is, in every last detail) or the payoff won't likely happen, - and asking for exceptions or overrides in regards to seemingly even trivial and strongly defensible "violations" is no more than a crapshoot for succeeding.

Based on your description here I understand the exasperation, but don't see how you got "suckered". The conditions are what they are and you couldn't meet them, however unreasonable (them) and excusable (you) that may seem under the circumstances. Where's the "false advertising" and "poor handling" here? The reps even suggested some indulgence might be given at the end of the day. What you apparently don't understand is that invading their bonus-paying system and altering the provisions for your account alone just can't be done in advance.

Maybe it will work out if you're polite.
  |     |   Comment #36
My experience with Cap was stated before but nice is not the issue! Let me try again, this is marketing lost leader firm that believes in bait and switch! Take your money elsewhere... that’s a “period!”
Review of Capital One’s New 360 Performance Savings Account
Deal Summary: 360 Performance Savings, 1.90% APY on all balances, no minimum balance requirements.

Availability: Nationwide

Last month Capital One launched a new online savings account, the 360 Performance Savings. If you want to open a new Capital One non-IRA savings account, your only options are this 360 Performance Savings Account and the Kids Savings Account. The 360 Savings Account and the 360 Money Market Account can no longer be opened. The 360 Performance Savings combines the best of these two old accounts: the rate matches the top rate...

Continue Reading
Capital One 18-Month CD Earns 1.90% APY
UPDATE 9/13/2019: Rate lowered to 1.90% APY.

Deal Summary: 18-month 360 CD, 2.55% 1.90% APY, no minimum deposit, but capped at $1 million.

Availability: Nationwide

Capital One’s 18-month 360 CD is another NTS (New to Summary) addition to this week’s CD Rates Summary. Currently earning 2.55% 1.90 APY, the 18-month 360 CD is listed in the Summary’s top four nationally available 18-month CDs.

Capital One 360 CDs have no minimum opening deposit requirement, “however, your Certificate of Deposit account may not exceed $1,000,000.”...

Continue Reading
Capital One 360 Money Market®: Earn Up to $500 & a Top Rate on Qualifying Balances

This deal post was written by Lauren Perez

Deal Summary: $500 Bonus when you deposit $10k+ in new funds into a new 360 Money Market account and maintain at least $50k. $200 Bonus available when you maintain between $10k and $50k.

Availability: Nationwide

Capital One offers the chance to earn up to $500 in bonus money with its new money market account promotion. You must deposit at least $10k in new money within 10 days of enrollment, the Initial Funding Period. To earn the $500 bonus, you must then maintain a...

Continue Reading
Capital One Increases Rates on 360 Money Market Account and CDs
Deal Summary: 360 Money Market, 2.00% APY ($10k+), 0.85% APY (less than $10k); 360 CD rate increases including 12-month (2.60% APY) and 60-month (3.10% APY).

Availability: Nationwide

On Friday, Capital One raised the rate on its 360 Money Market by 15 bps to 2.00% APY on balances of $10k+. The APY for balances below $10k remains at 0.85%.

Capital One is the latest of the large internet banks to raise their savings or money market rate to at least 2.00% APY. Several other large internet banks...

Continue Reading
Capital One Ups Rates on Six 360 CDs
Deal Summary: 360 CD rate hikes. Most noteworthy is the 1-year CD, 2.50% APY, No minimum deposit

Availability: Nationally available

Capital One increased the rates on six terms of its 360 CDs and 360 IRA CDs this morning. Most noteworthy is the rate increase of the 1-year CD. The APY increased only 10 bps, but it reached 2.50%, which keeps it competitive with the large internet banks. The 18-month CD had the largest rate gain, but Capital One had lowered the rate of this CD in June to an uncompetitive...

Continue Reading

More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.