Capital One Bank periodically has promotions for bonus money for their Checking and Savings accounts. Bookmark this article for constant updates on their offers.
These bonus offers are typically available for both Business and Personal accounts. One of the most frequent promotions is the $250 bonus for the Spark Business Checking account, but other typical bonuses include $200, $300 and $400 ones.
Keep in mind, for offers that require a branch visit you’ll have to live in one of the following states with physical branches: CT,DC,DE,LA,MD,NJ,NY,TX,VA.
Capital One Business Advantage Savings Bonus Rate: 1.00% APY
*Update: Capital One is transitioning to online accounts for their Business Checking and Savings products. Read all about the Capital One Spark Business Checking account here. You can find the current promo offer for the Capital One Spark Business Savings account here.
Capital One has a promotional rate on its Business Advantage Savings account where you can earn 1.00% APY for 12 months.
|Minimum Account Opening Deposit||$250|
|Monthly Service Charge||$3 waived with $300 minimum balance|
|ATM Usage||Free Capital One ATMs, $2 at most non-Capital One ATMs, $5 at select ATMs|
|Wires||$10-25 domestic; $10-50 foreign|
|Overdraft Protection||Ability to link to your Business Checking account to reduce fees and protect your earnings|
|Account Withdrawals||6 free withdrawals; $10 per additional withdrawal|
Business Advantage Savings–Rates
|Your Daily Balance||Annual Percentage Yield (APY)|
|$0.01 – $5,000.00||1.00%|
|$5,000.01 – $10,000.00||1.00%|
|$10,000.01 – $25,000.00||1.00%|
|$25,000.01 – $50,000.00||1.00%|
|$50,000.01 – $100,000.00||1.00%|
|$100,000.01 – $250,000.00||1.00%|
|$250,000.01 – $500,000.00||1.00%|
|$500,000.01 – $1,000,000.00||1.00%|
|$1,000,000.01 & Above||0.20% – 1.00%|
|*Advertised rates apply to new savings customers who open today. After 12 months, a standard annual percentage yield (APY) will be applied to the entire balance.|
While a Business Savings account is a very specific need that probably only a few of you are interested in, I’ll say that a 1.00% APY rate is very competitive with other top Savings accounts available. Most other Savings accounts that can offer similar rates are online-only savings accounts. If you’re looking for a personal Savings account, two popular ones are the Discover Online Savings (good rate on all balances) and Capital One 360 Savings (usually has sign-up promotions) accounts.
Capital One Promotions For Business Accounts
You can view current promotions for Capital One Business Accounts here. Many of the offers aren’t too interesting but you may find them useful.
Business Lending Offer. Here’s a promotion for a loan to help you grow your business. Get up to $7,500 off closing costs with an owner-occupied real estate loan. See offer page here.
Merchant Services Promotion. Here’s a promotion available for Spark Pay, Capital One’s merchant services product that comes with a card reader so you can avoid the traditional credit card terminal. Sign up and get a $50 bonus after processing $5,000 in the first 3 months. See offer page here.
Capital One Business $800 ($300+$500) Bank Promotion!
This offer expired on 03/31/2016. I’ll update when another one comes around. While this offer has expired, it lets us all know that Capital One often has sign-up promotions that are only available in-branch. If you live near one, I’d recommend making a visit and inquiring every now and again about any current offers.
Here’s a new promotion for a $300 bonus for Business accounts set to expire on 03/31/2016.
For this bonus, you have to open 3 new Business accounts to be eligible.
Here’s the scoop – you’ll have to open a new Business Checking, Business Savings, and the Spark® Cash for Business card by March 31, 2016. When you do all 3, you’ll receive a $50 deposit into your checking account every month for 6 months for a total of $300. If signing up for the Spark Cash for Business card is a deal breaker for you, at least it currently offers a $500 sign-up bonus. Also, waiting 6 months for the initial $300 bonus may seem like a lengthy process, but many other big bank bonuses require you to keep your account open for at least 6 months anyway.
So when it’s all said and done, you’ll be $800 richer!
- Sign up for all 3 of the following by March 31, 2016:
- A Business Checking account (Spark Business Unlimited Checking or Spark Business Basic Checking)
- A Business Advantage Savings account, where a minimum balance of $5,000 is maintained through October 31, 2016
- A Spark Business Card (my email stated the Spark Cash for Business card) that must be approved by April 1, 2016
- All accounts must be open and remain in good standing at all times to receive the $50 credit monthly
- The first credit will be deposited to your Business Checking account in June 2016
I couldn’t find an online link to this offer, and it was emailed to me directly. Here’s a screenshot of the email I received:
Click on the image to enlarge it and print it out if you’d like. Just go into your nearest Capital One bank branch and speak to a banker about the offer and they will be able to pull it up for you.
Next Page: More Capital One Promotions…