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

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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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Million Mile Secrets is a contributor to Million Mile Secrets, he covers topics on points and miles, credit cards, airlines, hotels, and general travel.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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1 year ago

Why is this offer still up when the end date was Dec 14?????

Harlan Vaughn
Reply to  Ellyn
1 year ago

It looks like the deal was extended through March 31, 2019.

Reply to  Harlan Vaughn
1 year ago

Is the deal for $400 & $600 also extended through March 31, 2019? The link has only $200 bonus info.

Harlan Vaughn
Reply to  Ron
1 year ago

It looks like it’s just the $200 promotion that was extended.

1 year ago

Are your money market accounts insured by FDIC?

Harlan Vaughn
Reply to  Ellyn
1 year ago


1 year ago

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.

1 year ago

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.

Andrew W
Reply to  hguns
1 year ago

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!

1 year ago

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??

Andrew W
Reply to  Adel
1 year ago

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.”

1 year ago

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.

Andrew W
Reply to  marc
1 year ago

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!

1 year ago

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).”

Andrew W
Reply to  Camilla
1 year ago

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.

Tia Castillo
1 year ago

Why all u banks ask for a 10,000$ deposit to get these bonuses when most of us poor people dont have that much money for us who wanna join its impossible to meet the requirements starting with a couple hundred seem fair to me

Reply to  Tia Castillo
1 year ago

Tia, that’s because they are not going to give you $600 for nothing. The fact you would ask such a stupid question explains why you are poor.