Not every bank bonus asks you to reroute your paycheck. Capital One is paying up to $1,500 to open a 360 Performance Savings account, and the only real requirement is moving money in and leaving it there. If you already keep a cash cushion in a savings account somewhere, this offer can pay you more for the next few months than almost any high-yield account on its own.
Offer details checked October 19, 2026. No end date has been announced, but bank promotions can end without notice, so confirm the current terms on Capital One’s offer page before you apply. See our Advertiser Disclosure for how we work with partners.
Capital One Savings Bonus at a Glance
| Detail | What you need to know |
|---|---|
| Maximum bonus | $1,500 |
| Account | Capital One 360 Performance Savings |
| Promo code | BONUS1500 |
| Funding window | First 15 days after opening |
| Hold period | 90 days after the funding window |
| Direct deposit needed | No |
| Payout timing | Within 60 days after you finish the hold |
| Monthly fee | None |
| Who qualifies | No Capital One savings account since January 1, 2024 |
The Three Capital One Bonus Tiers Compared
Your bonus depends on how much new money you deposit from an outside bank during the first 15 days.
| Tier | New money deposited | Bonus | Bonus as % of deposit |
|---|---|---|---|
| Tier 1 | $20,000 to $49,999.99 | $300 | 1.5% at the minimum |
| Tier 2 | $50,000 to $99,999.99 | $750 | 1.5% at the minimum |
| Tier 3 | $100,000 or more | $1,500 | 1.5% at the minimum |
Every tier pays the same 1.5% if you deposit exactly the minimum. That tells you something important: there’s no reward for overshooting. Deposit $49,000 and you still get $300, which is only about 0.6% of your money. The smart move is to deposit right at a tier floor, with a small buffer, and keep any extra cash elsewhere.
[Image suggestion: A stack of savings jars labeled with dollar amounts. Alt text: “Capital One savings bonus tiers $300, $750 and $1,500”]
How to Earn the Capital One $1,500 Savings Bonus
- Open a new 360 Performance Savings account from the offer page and enter promo code BONUS1500. Only one promo code is accepted per account.
- Move in new money within 15 days. It must come from an external bank. Transfers between Capital One accounts don’t qualify.
- Hold the balance for 90 days. The hold period only begins after the full 15-day funding window ends, so your money is committed for about 105 days in total.
- Don’t dip into a lower tier. If your balance falls into a lower tier at any point during the hold, Capital One pays that lower tier’s bonus. Fall below $20,000 and you get nothing.
- Wait for the payout. Capital One says the bonus is deposited within 60 days of completing all requirements, as long as the account is open and in good standing.
What You Actually Earn: Bonus Plus Interest
The bonus is only half the story, because your money also earns interest while it sits there. The 360 Performance Savings rate has recently been reported at about 3.2% APY. It’s a variable rate, so treat the figures below as estimates.
| Deposit | Bonus | Estimated interest over 105 days | Estimated total |
|---|---|---|---|
| $20,000 | $300 | About $184 | About $484 |
| $50,000 | $750 | About $460 | About $1,210 |
| $100,000 | $1,500 | About $921 | About $2,421 |
Here’s the math for the first row: $20,000 x 3.2% x 105 / 365 is about $184 in interest. Add the $300 bonus and you’ve earned roughly $484 on money you weren’t using anyway.
Annualized, the bonus alone adds about 5.2% on top of the base rate over those 105 days (1.5% x 365 / 105). Combined with the 3.2% APY, that’s an effective return of roughly 8.4% for the period your money is locked in. Very few savings accounts come close to that.
Planning Your 105-Day Capital One Timeline
The most common way people lose this bonus is by misjudging the dates. Capital One’s clock has three separate phases, and it helps to map them out before you move a single dollar.
| Phase | Days (from account opening) | What you do |
|---|---|---|
| Funding window | Day 1 to day 15 | Transfer all of your new money in from an outside bank |
| Hold period | Day 16 to about day 105 | Leave the full balance untouched |
| Payout window | Up to 60 days after the hold | Keep the account open until the bonus posts |
Put together, that means the bonus could take up to about 165 days, or roughly five and a half months, to land in your account. You can move your money out after the hold ends, but leave the account itself open and in good standing until you see the deposit.
A few practical points help this go smoothly. First, check your outside bank’s transfer limits before you start. Many banks cap outgoing ACH transfers per day or per month, so moving $50,000 or $100,000 may take several transfers spread across the funding window. Starting on day one gives you room to deal with any holds.
Second, think about where the money is coming from. Pulling cash out of a CD early can trigger a penalty that eats into the bonus, and selling investments can create a taxable gain. The cleanest source is idle cash in checking or a lower-yield savings account.
Third, if you’re married or share finances, each eligible person can open their own account and earn their own bonus, as long as neither has held one of the excluded Capital One savings accounts since January 1, 2024. Splitting $40,000 into two $20,000 accounts earns $600 instead of the $300 one account would pay at that size.
Who Is Eligible for the Capital One Savings Bonus
Capital One recently loosened its look-back period, which makes this offer available to many more people. You’re ineligible only if you’ve had any of these open, as a primary or secondary owner, on or after January 1, 2024:
- 360 Performance Savings
- 360 Savings
- 360 Money Market
- Savings Now
- Confidence Savings
Note that a Capital One credit card or checking account doesn’t disqualify you. The bonus is also limited to one new 360 Performance Savings account, and it can’t be combined with other account-opening offers for the same product.
Opening the account has been reported as a soft pull. Capital One doesn’t allow credit card funding, and there are no monthly fees or early closure fees to worry about.
[Image suggestion: A person reviewing a savings balance on a phone. Alt text: “Capital One 360 Performance Savings bonus eligibility”]
Is the Capital One Savings Bonus Worth It?
It depends on where the money is coming from. If it’s sitting in a checking account earning nothing, this is an easy yes. If it’s already in a high-yield savings account earning a similar rate, the bonus is still pure upside, since you’re swapping one savings rate for another plus 1.5% extra.
Where it makes less sense is if the cash is earmarked for something within the next four months, such as a home down payment or a tax bill. Breaking the hold early drops you a tier or loses the bonus entirely.
It’s also worth remembering that Capital One reports the bonus as interest on IRS Form 1099-INT. Budget for income tax on it at your ordinary rate.
6 Tips to Make Sure Your Bonus Posts
- Enter BONUS1500 at application. Without the code, there’s no bonus.
- Deposit just over a tier floor, for example $20,100 or $50,100, so a small fee or rounding never drops you below the line.
- Fund early in the 15-day window. Large transfers can take several business days and some banks cap daily ACH amounts.
- Set a calendar reminder for day 106, the earliest you can safely move money out.
- Don’t withdraw during the hold, not even interest. Any dip below a tier floor counts.
- Screenshot the terms, especially the eligibility look-back date and the tier amounts.
How This Compares to Other Bank Bonuses Right Now
If you’d rather redirect a paycheck than tie up savings, the Chase checking bonus of up to $900 and the Bank of America checking bonus of up to $500 are the strongest direct deposit offers we’re tracking. Business owners should also look at the Capital One business checking bonus of $500, which uses a similar deposit-and-hold structure, and the Amex Business Checking bonus of 35,000 Membership Rewards points.
Savings bonuses like this one also stack nicely with checking bonuses, since they don’t compete for the same direct deposits. You can run both at the same time.
Takeaway
The Capital One savings bonus pays $300, $750, or $1,500 for depositing $20,000, $50,000, or $100,000 in new money within 15 days and holding it for 90 days, with no direct deposit required. Every tier pays the same 1.5% at its floor, so deposit just above a threshold rather than overshooting. Add the interest and you’re looking at an effective return of roughly 8% for the period, as long as you can leave the money alone for about 105 days.
