Earn A Bonus Of Up To $500 When You Open A Capital One 360 Savings Account

Open a new Capital One 360 Savings Account before Nov. 30, 2015 and earn a bonus of up to $500 on your deposit.

What’s the most important thing you can do today for your financial health?

Set up a system to pay yourself first using automatic transfers into a savings account that’s separate from your primary checking account.

I’ve been saving this way since 2006 with a Capital One 360 Savings  (formerly ING Direct). I’ve used this account to save for a down payment on a home, vacations and a new car. Today, my wife and I share a joint Capital One 360 account that holds about a year’s worth of living expenses in an emergency fund.

If you’re ready to open a savings account, here’s an offer you won’t want to miss.

Open and fund your very first Capital One 360 Savings Account before 11:59 (Eastern Time), November 30, 2015 and receive a cash bonus of up to $500.

How can you earn the bonus?

To qualify, you must:

  • Have never before had a Capital One 360 Savings Account (or ING Direct Savings Account).
  • Deposit at least $5,000 within the first 10 days of account opening and maintain at least a $5,000 daily balance for the following 90 days.

How much can you earn?

Capital One 360 Savings Account Bonus Tiers

Your  daily balance during the first 90 days will determine the bonus you can earn according to the following schedule. 

  • $5,000+ earns a $50 bonus
  • $10,000+ earns a $100 bonus
  • $20,000+ earns a $200 bonus
  • $30,000+ earns a $300 bonus
  • $40,000+ earns a $400 bonus
  • $50,000+ or more earns the maximum $500 bonus

When will you receive the bonus?

Capital One 360 will deposit the bonus into your savings account within 10-15 days following the 90-day period. Once it’s deposited, the funds will be available immediately.

About the Capital One 360 Savings Account

Yes, as a blogger, I am an affiliate of Capital One 360, but their savings account is one of a few financial products I would enthusiastically recommend without being paid for it.

Put simply, the Capital One 360 savings account is simple, secure and friendly.

The account is fee-free and there is no minimum deposit requirement to open an account.

The account pays a great everyday interest rate, currently percent Annual Percentage Yield.

With Capital One 360, setting up automatic savings deposits from your existing bank accounts is foolproof. It’s equally fast to withdraw your savings when you need it. One feature I love is the ability to set up multiple accounts on the fly – perfect for compartmentalizing your savings for different goals (e.g. your vacation fund, emergency fund and new house fund).

If you want, you can also open a linked free, interest-bearing Capital One 360 checking account that includes mobile check deposit, a MasterCard® debit card and thousands of free ATMs nationwide.

Capital One 360 offers some of the most convenient and friendly banking I’ve experienced via Web and mobile app. I’ve rarely needed it, but contacting a live Capital One 360 customer service rep has always been a fast and pleasant experience, too.

Next steps: How to open a Capital One 360 Savings Account

Opening an account should only take about ten minutes. You’ll want to have your Social Security number and the account and routing numbers for your existing checking account at the ready.

Once your account is approved, you’ll need to prove you own your linked checking account by logging into Capital One 360 and verifying the amounts of two small deposits into your other account. This takes a couple of business days.

After that, you’re set and ready to start saving!

Visit the Capital One 360 site to learn more or open an account now.

Disclosure: Money Under 30 is an affiliate of Capital One, meaning we may be compensated if you follow our links and open an account. As such, consider this a paid endorsement. If you choose to support our free content in this way, thanks!

Published or updated on June 5, 2015

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About David Weliver

David Weliver is the founding editor of Money Under 30. He's a cited authority on personal finance and the unique money issues we face during our first two decades as adults. He lives in Maine with his wife and two children.


  1. Just called Capital One because the bonus did not appear after 90 days. They said it was a misprint and the time is actually 115 days.

  2. Really doesn’t seem like a very good deal. If you have that much cash sitting around and are under 60 there are are better ways to invest it.

  3. I just deposited $50k in this bank after reading this article. It should give me $500 come late September. Thank you for letting me know about this no risk outlet. If you know of any more please post them on your website. I’ll keep an eye out. BTW I’m 30 now. I hope I’m still allowed on this site :- )

  4. Well that’s a disappointment. I don’t have anything close to $5,000 lying around, let alone the $50,000 I’d actually need to get a measly* $500 bonus, and I doubt most people reading this blog do either. (*”Measly” only in comparison to $50,000. In my current financial situation $500 would be a miracle.) And if I did have that kind of cash, I’d already have it in a savings account, so I’m not sure what kind of demographic Capital One is aiming for here. Certainly not the under-30 crowd.

    • It’s free money Kelsey… Why wouldn’t you deposit your $50k for a little over 90 days and earn an extra $500 including interest. After this Cobo, you can invest your fluid money with an extra side bonus. Come people this is why you’re struggling… Please go see your banker &/or financial advisor today. This is an excellent deal and product… There are not many fluid, interest earning options out there today. Thank you, Capitol One!!

  5. I love my 360 savings and checking accounts, and in general Capital One has pretty cool products. Their new 5th generation mobile banking app is beautiful and simple to use, as is the Capital One Wallet. I also really like the Level Money app that they acquired. Hopefully we’ll see that functionality built into a future generation of their mobile banking app.

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