Just be aware that if you’re lazy and end up leaving the funds there for a while instead of another bank where you earn, say, 2.50% APY, you can end up eating into the $450 bonus. The fine print states that the offer is only for the email recipient so it’s apparently targeted it may have been sent out to all 360 Money Market account holders. Overall, you may lose a bit by transferring the funds from another account which earns more, but you’ll be getting around 3.5% bonus from the $450 bonus, so overall you’re coming out nicely ahead.Īn email blast was just sent out today about this offer many readers sent it in. You need to leave the $50k in the account for around 3 months to get the bonus. The Capital One 360 money market earns a respectable 2% APY interest so long as you have $10,000+ in the account (.85% if balance is lower). This method applies a daily periodic rate to the principal in the account each day.Īccount now earns 0.30% APY now, making it significantly worse. We use the daily collected balance method to calculate interest on the account. Rates are subject to change at any time after account opening. The 2.00% Annual Percentage Yield (APY) applies to the entire account balance for accounts with balances of $10,000 or more 0.85% APY applies to the entire account balance for accounts with balances less than $10,000.If your account is in default, closed, suspended, or otherwise not in good standing, you will not receive the bonus.Capital One will deposit the bonus into your 360 MMA account within 60 days following August 20, 2019.The bonus is only valid for one account.This offer cannot be combined with any other Capital One Bank or Capital One 360 offers.If you make additional deposits after May 22, 2019, to reach the higher tier, you’ll only be eligible for the lower tier bonus. on August 20, 2019, you’ll earn the lower tier bonus. If your daily balance drops to the lower tier at any point between 12:00 a.m.A portion of your balances from your 360 Money Market account that have been withdrawn and redeposited back into that account will also not qualify.Transfers between Capital One accounts will not qualify.Funds transfer must occur between 12:00 a.m.This bonus offer is meant only for the original recipient.
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