Capital One $1,500 Savings Bonus (8.6% Effective APY) - 2026 Review
Bonus Tiers & Effective APY
Overview
Capital One's 360 Performance Savings bonus pays up to $1,500 for depositing and maintaining $100,000 in new funds for about 105 days. With a competitive 3.40% base APY on top of the bonus, this is one of the strongest savings offers available — especially at the $20,000-$50,000 tiers where the effective APY approaches 9%+.
Who This Savings Bonus Is Best For
Anyone with $20,000-$100,000 in savings they can park for about 3.5 months. The effective APY at every tier beats what you'd earn in a standard HYSA. Capital One's 3.40% base rate also means your money works well even after the bonus period.
How to Maximize This Bonus
Open a 360 Performance Savings account with promo code BONUS1500 and deposit external funds within 15 days. The key word is external — transfers from other Capital One accounts don't count. Maintain the full balance for 90 days after the 15-day funding window. At the $20,000 tier, you earn $300 bonus + ~$183 interest = $483 total, for an effective APY of ~9.4%. The sweet spot is the $50,000 tier: $750 bonus + ~$457 interest = ~$1,207 at ~9.1% effective APY.
Pros
Cons
How This Compares to Other Bonuses
Capital One's savings bonus competes directly with Chase's savings combo ($600 on $15k at ~16% effective APY). Chase wins on effective APY at the minimum tier, but Capital One's base APY (3.40% vs. 0.02%) means your money earns significantly more interest. For larger balances ($50k+), Capital One is the clear choice.
Frequently Asked Questions
What is the BONUS1500 promo code?
BONUS1500 is Capital One's promo code for the 360 Performance Savings bonus. Enter it when opening your account to qualify for the tiered bonus up to $1,500.
Can I transfer from my Capital One checking to qualify?
No. The funds must come from external accounts (other banks). Internal Capital One transfers do not qualify as new money.
What's the current APY on 360 Performance Savings?
As of early 2026, the base APY is approximately 3.40%. This rate is variable and may change.
Do I need to maintain exactly $20k/$50k/$100k?
You need to maintain at least the tier minimum throughout the 90-day maintenance period. Going above is fine; dipping below drops you to a lower tier or disqualifies you.
Related Bonus Reviews
Eligibility
New 360 Performance Savings customers only. External funds required. Ineligible if you held eligible Capital One savings accounts on or after Jan 1, 2024. Use promo code BONUS1500.
Fees
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Bonus offers, requirements, and fees are determined by each financial institution and may change at any time. Always verify the current terms directly with the bank before applying. This content is for informational purposes only and does not constitute financial advice.