If you aren't aware,
Capital One 360 is having a three day promotion that ends tomorrow. There are multiple ways to earn bonuses by opening different accounts. And you can even refer friends to earn additional bonuses.I chose to open a checking and savings account. The checking account bonus is $100 and the savings bonus is $76. There are stipulations for both, of course. But they are easily obtained.
The checking account does not require a minimum balance but simply 5 debit card transaction or 5 mobile deposits or a combination of both. I deposited $100 and will make small purchases that would be part of our normal spending. I have 45 days to complete the transactions. The $100 bonus will be deposited on day 50. This will be taxable, but it's still extra money!!
The savings account requires a $500 deposit to earn the $76. That bonus is already pending in the account and will start earning interest today! The interest rate is 0.75%, which is competitive, but not the highest that I know of. The bonus will be available for redemption after 30 days. The $500 I transferred is some of the Christmas Snowflake money. I'm not shopping yet, so it might as well earn some interest.
There is a Refer a Friend promotion that could generate another $76. You refer two friend for $20. There is another $36 bonus given for the referral on July 31st. Unfortunately, I opened my savings account first and it put a hold on the accounts while the confirmation deposits are made. Thus I'm not eligible to refer at the moment. But once I am, I will post my referral link. If you sign up, try opening the checking account first!
I opened this as a single account and now I'm wondering if I can open another one for my husband. Anyone know the answer to this? Does this sound like an offer you might look into? Or have you done the offer already?
July 2nd, 2013 at 03:31 pm 1372779103
If you see anything that says "no minimums," can you share the link? I am just digging through the fine print, and have seen absolutely nothing about minimums on the Capital One website.
My paycheck won't hit my checking account until noon, so I will check for any referrals before I open the account. (I was going to put a chunk to savings, so can easily divert $500). I doubt I will bother with the checking account. I will ponder that part of it... (Usually these bonuses are not worth the hassle, to me, but this one might be okay).
July 2nd, 2013 at 03:41 pm 1372779708
Only need the $500 in the savings account for 30 days to get the bonus. It is a great deal!
Still deciding whether to try to open one for my husband....thoughts?
July 2nd, 2013 at 03:46 pm 1372779963
I was wondering what their savings account minimum was, but maybe its implied with "no fees" that there is "no minimum." (More thinking long-term, though suppose it doesn't really matter. I will personally close the account after 30 days. I understand I need to keep $500 in there to redeem the bonus).
July 2nd, 2013 at 03:49 pm 1372780190
http://www.maximizingmoney.com/banking-bonus-deals/capital-one-360-new-account-bonuses-with-online-referral-links/
I suppose I'd just be happy with the one bonus - will change my answer.
This is why I like credit card rewards so much, I guess. "Per person."
July 2nd, 2013 at 04:26 pm 1372782405
July 2nd, 2013 at 04:34 pm 1372782870
July 2nd, 2013 at 06:57 pm 1372791465
July 2nd, 2013 at 08:22 pm 1372796564
I might open a checking account under AS's or NT's name and then maybe they can get a referral link right away.
July 2nd, 2013 at 08:29 pm 1372796989
July 2nd, 2013 at 08:42 pm 1372797737
July 3rd, 2013 at 01:29 am 1372814955
July 3rd, 2013 at 01:36 am 1372815380
July 3rd, 2013 at 10:18 am 1372846729
July 4th, 2013 at 11:45 pm 1372981510
Woohoo
July 5th, 2013 at 12:04 am 1372982692
July 8th, 2013 at 02:54 pm 1373295291
I notice it is a member of the FDIC - does that mean its insured?