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By
Sara Coleman
Sara Coleman
Contributor
Sara Coleman is a personal finance writer based in Augusta, Georgia. She’s written countless articles and essays on personal finance topics impacting our everyday financial lives. Before becoming a professional writer, Sara spent years in Corporate America where she gladly volunteered to write the company emails. Sara is a proud graduate of the University of Georgia with a degree in Journalism.
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Reviewed By
Stephanie Colestock
Stephanie Colestock
Banking Expert
Stephanie is a freelance writer and contributor with over a decade of experience in the personal finance field. While she covers a variety of topics, her expertise centers around loans, insurance, real estate, travel and retirement. Her work can be found on sites like Newsweek, TIME, MSN, Market Watch and USA Today, to name a few. She graduated from Baylor University and currently splits her time between Texas and the DC area.
Read Stephanie Colestock's full bio
Our Methodology
Our research is designed to provide you with a comprehensive understanding of personal finance services and products that best suit your needs. To help you in the decision-making process, our expert contributors compare common preferences and potential pain points, such as affordability, accessibility, and credibility.
Capital One is a familiar name among the land of credit cards, but it also provides a full lineup of checking and savings options to individual and business customers. Not only does it offer online personal banking solutions, but you’ll find physical branches and convenient Capital One Café locations dotted across the country, for those who prefer the occasional in-person experience.
This financial powerhouse offers a personal online checking account, online savings account and multiple certificates of deposit (CD) options under the Capital One 360 umbrella. Currently, there are no specific Capital One promotions or bank account bonuses available, but it pays to check back frequently since a Capital One bonus for checking or savings could become available at any time. And even without a bonus, you might find a perfect banking solution that meets your everyday financial needs.
Vault’s Viewpoint
- Capital One does not have any current bonus promotions for checking or savings accounts, but this could change anytime.
- Past Capital One promotions demonstrate that the financial institution does occasionally offer valuable welcome bonuses for new checking or savings account customers.
- Capital One currently has a robust pipeline of credit card products offering welcome bonuses.
Overview of Capital One Checking and Savings Options
You’ll find a full suite of banking products and services with Capital One, which includes both checking and savings options.
Checking
Capital One 360 Checking is a fee-free online checking account. There is no minimum balance or deposit requirement and balances earn 0.10% APY. There are multiple overdraft protection options to choose from if you want to avoid fees, too. If you have a regularly scheduled direct deposit, then you may be eligible for early access to your paycheck (up to two days sooner). With access to over 70,000 ATMs nationwide and a user-friendly mobile app, this account may be a great option for those who prefer banking on-the-go.
There’s also a MONEY Teen Checking account, which is designed for kids ages 8+ and offers many of the same features. It has no minimum deposit requirement and no fees, offers optional parental controls, and includes a debit card for their use.
| Minimum Deposit | $0 |
| Overdraft Fee | $0 |
| Monthly Service Fee | $0 |
| Bonus | No current Capital One promotions |
Savings
Capital One has three savings account options to choose from: 360 Performance, 360 CDs and a kids savings account.
The 360 Performance savings account is a high-yield option, currently offering a 4.25% APY on any balance. There are no monthly maintenance fees or minimum balance requirements, and this online-only option allows you to track your savings through the mobile app. The Kids Savings account has many of the same features, but earns 2.50% APY on any balance.
Capital One 360 CDs come in a variety of term lengths, starting at six months and increasing all the way up to 60 months. These online CDs feature competitive interest rates, too, ranging from 4.00% to 5.00% APY. There’s no minimum deposit or balance requirement, and you can also choose how often you receive your interest payment (end of term, quarterly or annually).
| APY | 4.25% |
| Monthly Service Fee | $0 |
| Minimum Deposit | $0 |
| Minimum Balance to Earn Interest | $0 |
Capital One Checking Account Bonus for 2024
Capital One has not yet posted any checking account bonuses for new or current customers for 2024. In the past, we’ve seen generous welcome bonuses offered, so it may be worth checking back often if you’re waiting for an additional incentive before establishing an account with them.
When Capital One does have a checking account welcome offer, it often includes bonuses for setting up direct deposit with “externally sourced funds.” This means the money can’t come from an existing Capital One account, but rather from another bank source. You’ll also find most promotions require a minimum number of qualifying direct deposits.
Capital One Savings Account Bonus for 2024
Capital One occasionally offers savings account promotions for new account holders. The most recent offer just launched in April of 2024. Here are the details of what it included.
360 Performance Savings–Up to $1,500
The latest Capital One savings promotion offers a bonus of up to $1,500 when opening a brand new 360 Performance Savings account on or after April 3, 2024. Not only would brand new account holders earn 4.25% APY with this high-yield savings account, but you could also earn a bonus with a minimum opening deposit of $20,000.
Here’s the breakdown of how much you could earn as a new 360 Performance Savings account holder :
- Minimum deposit of $20,000+ in external funds: $300 bonus
- Minimum deposit of $50,000+ in external funds: $750 bonus
- Minimum deposit of $100,000+ in external funds: $1,500 bonus
To take advantage of this offer, simply open an account online with the minimum deposit amounts listed above. You’ll need to use the promo code BONUS1500 to qualify for the promotion and supply your initial deposit within 15 days of account opening. There is a minimum 90-day hold on the deposit and then you’ll receive your bonus via direct deposit within 60 days after that.
While the minimum deposit of $20,000 is significant, earning up to a $1,500 bonus is greater than many offers seen with other financial institutions. Note that you’re only eligible for this promotion if you don’t have any of these other Capital One savings accounts:
- 360 Performance Savings
- 360 Savings
- 360 Money Market
- Savings Now
- Confidence Savings account
Capital One may not have any current checking or savings account promotions, but the credit card welcome bonuses are still going strong across multiple rewards credit card products. You’ll need to meet a minimum spending requirement for each, but if planned correctly, a welcome bonus can add a significant boost of cash back or points.
Here are the current welcome offers from some of our favorite Capital One credit cards:
Capital One Venture Rewards Credit Card
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Vault Verified
Welcome offer
Earn 75,000 bonus miles*
Annual fee
$95
Rewards
2X – 5X Miles*
Regular APR
19.99% – 29.99% variable
Why We Like It
The Capital One Venture Rewards Credit Card features a generous, uncomplicated rewards rate and substantial welcome bonus, plus a wide selection of airline and hotel partners.
*Additional Information
Welcome offer: Earn 75,000 bonus miles after spending $4,000 on purchases within three months of account opening
Rewards: Unlimited 5X miles on hotels and car rentals booked through Capital One Travel and unlimited 2X miles per dollar on all other purchases
Capital One Venture X Rewards Credit Card
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Vault Verified
Welcome offer
Earn 75,000 bonus miles*
Annual fee
$395
Rewards
2X – 10X miles*
Regular APR
19.99% – 29.99% variable
Why We Like It
The Capital One Venture X Rewards Credit Card is a premium travel card offering equally premium benefits, including a $300 annual travel credit, robust rewards rates and a long list of redemption partners.
*Additional Information
Welcome offer: Earn 75,000 bonus miles after spending $4,000 on purchases within three months of account opening
Rewards: 10X miles on hotels and rental cars booked through Capital One Travel, 5X miles on flights booked through Capital One Travel and 2X on all other purchases
Capital One Spark Miles for Business
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Vault Verified
Welcome offer
Earn 50,000 bonus miles*
Annual fee
$0 intro annual fee for the first year, then $95
Rewards
2X – 5X miles*
Regular APR
26.24% variable
Why We Like It
The Capital One Spark Miles for Businessincludes a ton of travel-friendly benefits, including airport lounge access and a Global Entry or TSA PreCheck application credit—ideal for frequent business travelers.
*Additional Information
Welcome offer: Earn 50,000 bonus miles after spending $4,500 on purchases within three months of account opening
Rewards: 5X miles on hotels and rental cars booked through Capital One Travel and unlimited 2X miles on all other purchases for your business on every purchase, everywhere, with no limits or category restrictions
Capital One Spark Cash Plus
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Vault Verified
Welcome offer
Earn $1,200 cash back
Annual fee
$150
Rewards
2% – 5% cash back*
Regular APR
N/A
Why We Like It
The Capital One Spark Cash Plus is a rare charge card offering an annual fee refund (refunded every year you spend at least $150,000), generous welcome bonus and straightforward rewards structure, so you can rack up serious cash back along the way.
*Additional Information
Welcome offer: Earn $1,200 cash back once you spend $30,000 in the first three months
Rewards: Unlimited 5% cash back on hotels and car rentals booked through the Capital One Travel portal and an unlimited 2% cash back on all other purchases
Capital One SavorOne Student Cash Rewards Credit Card
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Vault Verified
Welcome offer
Earn $50 cash bonus*
Annual fee
$0
Rewards
1% – 10% cash back*
Regular APR
19.99% – 29.99% variable
Why We Like It
The Capital One SavorOne Student Cash Rewards Credit Card boasts a valuable cash back rate on purchases geared towards students, including those just starting to build their credit history.
*Additional Information
Welcome offer: Earn $50 cash bonus after spending $100 on purchases within three months of account opening
Rewards: Unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target); 5% back on car rentals and hotels booked through Capital One Travel; 8% back on Capital One Entertainment purchases (e.g. concert tickets, sporting events and more) booked through Capital One; 10% back on qualifying Uber and Uber Eats purchases (through November 14, 2024); and 1% back on all other purchases
Capital One Quicksilver Cash Rewards Credit Card
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Vault Verified
Welcome offer
Earn $200 cash bonus*
Annual fee
$0
Rewards
1.5% – 5% cash back*
Regular APR
19.99% – 29.99% variable
Why We Like It
The Capital One Quicksilver Cash Rewards Credit Card offers an uncomplicated, flat-rate cash back program and 0% intro APR for 15 months on purchases and balance transfers (then 19.99% – 29.99% variable APR). Plus, an accessible welcome bonus.
*Additional Information
Welcome offer: Earn a one-time $200 cash bonus after spending $500 on purchases within three months of account opening
Rewards: 5% unlimited cash back on hotels and rental cars booked through Capital One Travel and 1.5% unlimited cash back on every purchase, every day
Capital One Savor Cash Rewards Credit Card
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Vault Verified
Welcome offer
Earn $300 cash bonus*
Annual fee
$95
Rewards
1% – 10% cash back*
Regular APR
19.99% – 29.99% variable
Why We Like It
The Capital One Savor Cash Rewards Credit Card offers incredible rewards rates on dining, streaming, grocery purchases and more, along with a decent welcome offer and other cardholder perks.
*Additional Information
Welcome offer: Earn a $300 cash bonus after spending $3,000 on purchases within three months of account opening
Rewards: Unlimited 4% cash back on dining, entertainment and popular streaming services; 3% cash back at grocery stores; 5% back on hotels and car rentals booked through Capital One Travel; 8% back on Capital One Entertainment purchases; 10% back on qualifying Uber and Uber Eats purchases (through November 14, 2024); and 1% on all other purchases
Frequently Asked Questions
Are Capital One Promotions Taxable?
It’s worth noting the bonus you earn from a specific Capital One promotion for checking or savings accounts may qualify as taxable income. If you do earn a bonus, Capital One reports this to the IRS (and possibly to your state’s revenue authority) as interest income on Form 1099-INT.
Can I Qualify For A Capital One Promotion If I Already Have An Account?
Capital One only makes bonus promotions available to new customers. This means you must not have opened another Capital One account within a specified period of time. For example, customers who held a Capital One 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account were not eligible for the most recent savings account promotion.
How Do I See Capital One Promotions?
You have a few options when it comes to finding out about current Capital One promotions. You can always check the Capital One website directly to find any information listed regarding new checking or savings bonuses. You can also bookmark this page or search online for Capital One checking account bonus or Capital One savings account bonus. Lastly, you may receive a personalized promotional offer in the mail from Capital One with a special savings opportunity.
Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. We may earn a commission from partner links on Newsweek, but commissions do not affect our editors’ opinions or evaluations.
Sara Coleman
Contributor
Sara Coleman is a personal finance writer based in Augusta, Georgia. She’s written countless articles and essays on personal finance topics impacting our everyday financial lives. Before becoming a professional writer, Sara spent years in Corporate America where she gladly volunteered to write the company emails. Sara is a proud graduate of the University of Georgia with a degree in Journalism.
Read more articles by Sara Coleman
