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Wahoo! I was so hoping we’d see this offer! Of all the savings on Black Friday, this is my very favorite “deal”. Because this one isn’t just about saving money. It’s about MAKING money. This has to be your first 360 Checking account. Make a total of 5 debit card purchases (either signature or PIN-based) or 5 CheckMate S deposits (or any combination of the two) within 45 days. Your $125 bonus will be automatically deposited into your account on day 50. You will earn interest on your cash balance. This has to be your first 360 Savings (including Orange Savings Accounts) account and it needs a $500 minimum initial deposit or more The bonus starts earning interest on day 1, but you can’t take it out for at least 30 days. Capital One 360 typically offers a $50 bonus, so this is a HUGE increase – and it’s good just thru Monday, December 2nd. What if you don’t have $500 to open the savings account? There are no minimum deposit requirements on the checking account, so at a bare minimum, you really should open one — if you haven’t already. Is the Savings Account worth it for the $500 minimum open requirement? With regard to the Savings Account bonus, if you have the $500 anyway and can afford / don’t mind tying it up for 30 days, then I think of the $75 as a 15% interest rate. That’s pretty much unheard of these days, especially for a sure thing! Also, if you’ve read this blog for any amount of time, you already know how much I love our Capital One 360 savings accounts. I’d recommend them even without the bonus — but since they do this twice-a-year bonus offer, I always recommend that you sign up NOW vs in two months. One of my favorite features of the Savings Accounts is that they allow you to set up multiple sub-savings accounts. We have a lot of sub-accounts (a LOT). I’m a visual person and they help me to see exactly how much we have saved toward each need / goal. These “sink funds” are how we prepare for all sorts of predictable expenses, like our semi-annual car insurance premium, our sons’ bar mitzvahs, and even our gift-buying for Chanukah (read more about how we do our sink funds at Capital One 360). As I’ve said, I really believe that of all the DEALS I’ve shared this week, this one is the very best one around. You can never go wrong with an extra $200 in your pocket!