EXPIRED!
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.
Capital One 360 — where my husband and I personally bank — is offering you a total of $200 in bonuses when you open an online checking and savings account.
Open a 360 Checking Account by December 1st and earn a $100 bonus
Open a 360 Checking Account with a minimum of $250 deposit.This must be your first 360 Checking Account.Complete 5 Debit Card purchases, deposit checks from anywhere with CheckMate or any combo of both within 45 days. The 5 Debit Card purchases can either be signature or PIN-basedYour $100 bonus will be automatically deposited into your account on day 50.
Open a no-fee 360 Savings Account by December 1st and earn a $100 bonus
This has to be your first 360 Savings (including Orange Savings Accounts) Account and it needs a $1,000 minimum initial depositThe bonus starts earning interest on day 1, but you can’t take it out for at least 30 days.This account must be funded from a source outside of Capital One 360, In other words, your initial deposit can not be transferred from an existing Capital One 360 account.
Capital One 360 typically offers a $50 bonus, so this is a HUGE increase – and it’s good thru Monday, December 1st only.
Is the Checking Account worth it for the $250 minimum open requirement?
I adore our checking account, which I call our virtual envelope system. It’s perfect for those of us that can’t seem to make cash envelopes work for them. If you are interested in giving it a try as a dedicated grocery “envelope” (we did this for many years), I’d venture to guess that you’ll spend at least $250 this month on groceries.
And remember, for moving that money from your current checking account into your new Capital One 360 Checking Account, you’ll be earning $100 bonus. For a bit of paperwork, that’s more than worth it in my book!
Is the Savings Account worth it for the $1,000 minimum open requirements?
With regard to the Savings Account bonus, if you have the $1,000 anyway (your baby emergency fund?) and can afford / don’t mind tying it up for 30 days, then I think of the $100 as a 10% 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 360 Savings Account 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’ upcoming bar mitzvahs (in 19 months and 3 years), 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!
Sign up for your Capital One 360 Checking HERE and Capital One Savings Accounts HERE.
I have saving accounts for my 4 kids under our chase account. would love to open one for each of them and transfer their money into it. Is there a way for me to do it under one account or do I have to open a separate one for each kid in order to get the $100?
If you do four separate accounts, you get four bonuses. If you do one account, with the kids listed as sub-accounts (like I do with my sink funds), you’d get one bonus. HTH!
Is there a monthly checking account fee or minimum balance?
Thanks!!
Thanks, Mara! Just signed up for an account for me and my husband. Thanks!!
Hi Mara, I finally bit the bullet and signed up for a Capital One 360 checking account. I was wondering if you still find you need to keep a checkbook balance book. My husband and I previously kept track of our checking account balance using a spreadsheet. But since Capital One keeps tracks of all online bills and also allows you to enter the checks you write, I was thinking it might not be necessary anymore. I’m interested in hearing your thoughts! Thanks!
I don’t keep a checkbook register – but I also only use it for a limited number of transactions. If I had dozens of transactions a month, I might keep a register just so nothing “fell thru the cracks”. I guess it really depends how on top of your online banking you guys will be – if you check in regularly, you probably won’t risk overdrawing. Does that help at all?
Yes, it does. I think I’ll start off keeping our balance/register spreadsheet. I can always drop it if it ends up feeling redundant. We do lots of transactions, and even though it seems like it’ll work for us to just check them on Capital One’s site, I think I’ll feel better continuing to track for a bit. Thanks, Mara!