Interest rates may be pitiful on your money, but there's a nice bonus offer going on right now that will give you instant return on the money you've put aside.

Capital One 360 is running their annual Financial Independence Days promotion just in time for the Fourth of July.

From June 30 through July 3, if you open a savings account with this online bank and put in $500, you will get a $76 bonus.

Think about it: You'd be luck to earn $5 on $500 at today's interest rates! So $76 is a nice bonus. Talk about the Spirit of '76!

They also have a second limited time offer for opening an online checking account product -- but it requires more work. You can get $100 for opening the checking account once you jump through the hoops they've set up:

  • This has to be your or your joint account holder's (if you have one) first 360 Checking account (this includes Electric Orange, too).
  • The 5 Debit Card purchases can be either signature- or PIN-based.
  • Your $100 bonus will be automatically deposited into your account on day 50.


So the savings account is a straight-out great deal. But the checking account offer requires work on your part to get the $100.  

Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. View More Articles

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