comments
Capital One Bank $50 InterestPlus Online Savings Promotion
Email
 Print
|
Capital One is offering a $50 bonus when you open an InterestPlus Online Savings account using the promotion code BANK223DF with at least $10,000 by January 15th, 2012. Capital One’s online savings bank offers competitive rates compared to other online savings accounts, gives you a 10% quarterly bonus on your interest, and has no fees.
Here is some of the legalese:
You will receive a $50 bonus if you open a Capital One Bank InterestPlus Online Savings (IPOS) account online only, enter the offer code at the time of account opening, and have $10,000 or more on deposit on 1/15/2012. This account must be your first account with Capital One Bank. The deposit will be deposited into your account 4-8 weeks after 1/15/2012 and the account must be open at the time the bonus is credited. The bonus will be reflected on your monthly statement and will be included in your year-to-date interest and year end tax reporting. This offer cannot be combined with any other offers.
I opened one of these accounts under a similar Costco/Capital One promotion last year and have been happy with it. If you are a Costco member, especially an Executive member, then the Costco promotion is better. With an Executive membership you get $60 in bonus money ($20 for Gold and Business) plus a higher interest rate (0.91% vs 0.80% as of today). Finally, the minimum you need to deposit to get the rate and bonus is $5,000, not $10,000.
{ 4 comments, please add your thoughts now! }Related Posts
 By Jim |
 Stumble It! Bookmark reddit.comTags: $50 Promotions, Capital One Direct Banking Jan 05, 2012 | Read more in Banking |
Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.
This is unfortunate because I have had accounts there in the past. I guess I am not allowed to play.
It’s hard for me to see this as much of a deal, especially when one can open a Chase checking account, have a $500 direct deposit per month and get $125. Capital’s $50 for depositing $10,000 looks a bit cheesy.
You can do both deals…
I don’t see anything about a requirement to keep the money in there for a certain amount of time, and don’t see any fees if your balance goes below a certain amount; so you could just deposit $5000 (for the Costco deal), withdraw it after a few days, and get $60. It’s not the greatest deal, but not bad either.
It requires a little work to set it up, but the reward is all free money!