ST Alpha - "Finance question. Capital One just sent me an email about opening a bank account. If I deposit X amount of money I get a bonus $200." (Reading a Post)

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Finance question. Capital One just sent me an email about opening a bank account. If I deposit X amount of money I get a bonus $200.

Posted by sycor Oct 17 '19, 14:00

I have the money. What's the downside? It's basically free money. Just have to keep the money there for 90 days.

Responses:

what is the amount required? What are the fees after 90 days? - Reagen Oct 17, 14:08 4
- Interest is 1.9%. No monthly fees. - sycor Oct 17, 14:14 3
  - No, I mean there's an implied interest rate you earn from the bonus based on how much deposit is required. - Reagen Oct 17, 14:18 1
    - Ah. Well right now the money is just sitting in my credit union account. - sycor Oct 17, 14:22
  - They typically require you to deposit a large amount and/or have direct deposit. -- nm - Qale Oct 17, 14:15

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