Capital One Money Market Account Rates + $500 Bonus
Capital One money market account rates are very good right now and if you sign up before 5/19/19 you can earn up to a $500 promotional bonus. The current money market account rate at Capital One is 2.00 percent, more than eleven times the FDIC national average MMA rate of 0.18 percent. The minimum opening deposit for a Capital One 360 money market account is $10,000.
The Capital One money market account promotional bonus makes the overall APY return even higher than 2.00 percent. Between 3/11/19 and 5/19/19 if you open an account with a balance between $10,000 and $49,999.99, you earn a $200 bonus. If you open an account with $50,000 or more you earn a $500 bonus. To earn the bonus when you open an account, you must use promo code EARN500. You can use the following link to get to the bonus page: Capital One 360 Money Account Promo Bonus $500
Of course there are some small details on earning the bonus, which are as follows:
- Open a 360 Money Market account between 12:00 a.m. ET on March 11, 2019, and 11:59 p.m. ET on May 19, 2019. When you open your account, enter the promotional code—EARN500. If you have or had an open savings product (excluding CDs) with Capital One after January 1, 2016, you’re ineligible for the bonus.
- Deposit $10,000 or more of new money from an external bank (transfers between Capital One accounts will not qualify) within the first 10 days of account opening (Initial Funding Period). The amount of your bonus will be determined as follows:
- $200 bonus — you maintained a daily balance of $10,000 - $49,999.99 for the first 90 days following the Initial Funding Period
- $500 bonus — you maintained a daily balance of $50,000 or more for the first 90 days following the Initial Funding Period
- If your daily balance drops to a lower tier at any point during the 90-day period, you’ll earn the lower tier bonus. If you make additional deposits during the 90-day period to reach the next tier, you’ll only be eligible for the lower tier bonus.
- This offer cannot be combined with any other Capital One Bank or Capital One 360 new savings account opening offer. Bonus is only valid for one account.
You receive you promo bonus in your account within 60 days following the 90-day period.