Get Up to a $600 Bonus for Parking Money in a Capital One Money Market Account

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Get Up to a $600 Bonus for Parking Money in a Capital One Money Market Account

Harlan VaughnGet Up to a $600 Bonus for Parking Money in a Capital One Money Market AccountMillion Mile Secrets Team

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Let your money earn a bonus just for sitting in the right place!  Capital One is offering up to $600 for opening a money market account and leaving the funds untouched for 90 days.

The bonus is tiered, and you need to deposit a lot to earn the largest amount.  But if you don’t mind transferring some cash, this is an easy way to generate extra funds.

You can only earn this bonus one time, so if you do it, earn as much as you can!  This deal is good through December 14, 2018.

If you’d rather not move your money around, you can still earn a ton of cash back from Capital One with the recently boosted offer on the Capital One® Spark® Cash for Business.  You’ll earn up to a $2,000 cash bonus; earn a $500 cash bonus after spending $5,000 in the first three months and $1,500 after spending $50,000 in the first six months.  Here’s our review of the Capital One Spark Cash for Business.

Earn up to $600 When You Open a Capital One Money Market Account. All You Have to Do Is Make a Funds Transfer and Let It Sit for 90 Days

I’ll share the full terms of this promotion!

Capital One Money Market Bonus – Earn up to $600

Link:   Open a Capital One Money Market Account

When you open a Capital One 360 Money Market account by December 14, 2018, you can earn a bonus based on how much you deposit into your account.  You’ll get:

  • $200 bonus for deposits of $10,000 to $49,999
  • $400 bonus for deposits of $50,000 to $99,999
  • $600 bonus for deposits of $100,000+

After you open the account, you have 10 days to fund it.  Then, you must maintain your account balance for at least 90 days.

After that, Capital One will add the bonus money to your account.  The amount you get depends on the balance you maintained during the 90-day promotional period.

Capital One 360 Money Market Account Has No Fees, and You’ll Even Earn Interest in Addition to Your Bonus

You can only earn a bonus for opening this account once per lifetime.  So if you’re going to do it, strike when you can earn the highest bonus possible.

The funds you transfer must come from outside of Capital One.  And you’ll also earn 2% APY if your balance is $10,000+.  The account has no fees and no minimums.

The promotion page says you have to be targeted for this deal with an email from Quicken.  But lots of folks report earning the bonus without receiving an email, so that rule doesn’t look to be enforced.

Should You Take Part in This Deal?

To earn the biggest bonus, you need to move at least $100,000 to Capital One.  That’s a lot of money to shift around!

If you already have a money market account, but you’re paying fees or the interest rate isn’t as much, you might consider trying this one and earn a bonus in the process.

Funds transfers typically only take a few days.  And after it’s done, all you have to do is let it sit there for 90 days.

If you like the account, keep it.  And if you don’t, you can send your cash elsewhere after you have the bonus in hand.

Even at the lower end, you’d earn $200 for moving $10,000 into the account.  Considering how little effort is required, it’s easy money for setting up a transfer and waiting a few months.

Of course, everyone’s financial situation is different.  But if you can swing it, this is a pretty sweet deal!

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Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account
  • Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend

More Info

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You have to be careful to get funding done within the required 10 days, because they put a 5-day hold on incoming funds…even if those funds are coming electronically from another bank.

In the fine print it says “To qualify for the bonus, you must have received an email directly from Quicken.” Assuming this means the link above is not a guarantee of the bonus.

You are correct! Though many folks online have reported they were eligible for the bonus, even though they did not receive the targeted email. So it might be worth trying!

I opened a 369 MM in last October and funded it for $59. If I transfer $100K to it, will. Qualify for the $600 Bonus??

Hi Adel,

Unfortunately you would not be eligible for the bonus because the fine print states:

“You must open your very first 360 Money Market account online between July 11, 2018 and 11:59 p.m. ET on December 14, 2018.”

I opened an account online through the link but when I called the bank they stated that I did not qualify. And if you have any savings accounts with Capital One (non money market), you will also be excluded.

Bummer! I’m in the same boat as you. I have a savings account with them so I’m not eligible for the bonus either.

Also looks like they have this covered in the fine print: “You won’t be eligible for the bonus if you currently have, or have had, a 360 Money Market account with Capital One.”

Thanks for pointing this out!

They don’t give you the money until another 60 days after the 90 days. From the site:
“When will I actually get my bonus? If you qualify for a bonus, Capital One will deposit the bonus money into your account in approximately 60 days following the 90-day balance maintenance period. Once it’s deposited, the funds will be available immediately. Account must be in good standing (not in default, closed, or suspended, or otherwise not in good standing).”

I don’t have any experience with how quickly Capital One pays out bonuses, but many banks pay out much sooner than what they say.

Hopefully Capital One is the same.

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