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Up to $1000 Bonus for new Capital One 360 saving account
Open a capital one savings account by 12/24 and fund the account in 15 days and have a party. You have to hold the fund for 90 days. APY 2.35% as we speak.
I guess this is similar to Ally bank doing 1% bonus deal, but Capital one has physical banks in North East and customer service is better than Ally Bank
Up to $1000 bonus based on your deposit amount.
https://www.capitalone.
I guess this is similar to Ally bank doing 1% bonus deal, but Capital one has physical banks in North East and customer service is better than Ally Bank
Up to $1000 bonus based on your deposit amount.
https://www.capitalone.
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My reply is... (profanity) Go (profanity).
Inflation is hitting us hard and fast. Putting our dollars in these vehicles is like putting our grown vegetables outside to rot or be eaten by insects. Giving your assets to the eaters will not increase your portfolio.
If you can use your assets to improve your productivity, that is the best investment. The next best is to buy now the things you will use later. It is not a good investment, but is is a safe one. Then think about things your neighbors will need and you can trade with them. This is not great, but better than nothing.
Savings account is not a vehicle for investment. If you want to stay afloat of the inflation then stock or real estate could be better option.
This is to park your emergency fund. I prefer to keep 12 months of emergency funds in liquid cash and HYSA is the safest option. The rule of emergency fund is : what matters here is the return of the principal not the return on the principal.
I am not a financial adviser or any professional to give any financial advise. This is my personal opinion only . This is not a financial advise of any kind.
Am I the only crazy person on this thread? Ha
Yes your math is correct if we see it as a simple interest and not as compound.
1% interest on 3 months is roughly 4% in annualized interest. Add the APY of 2.35 to make it 6.35 APY for 3 months. Not a great way to do the math but roughly there
It's 4% APY but you get to keep it only for the quarter. But then you also have state income tax.
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My reply is... (profanity) Go (profanity).
Inflation is hitting us hard and fast. Putting our dollars in these vehicles is like putting our grown vegetables outside to rot or be eaten by insects. Giving your assets to the eaters will not increase your portfolio.
If you can use your assets to improve your productivity, that is the best investment. The next best is to buy now the things you will use later. It is not a good investment, but is is a safe one. Then think about things your neighbors will need and you can trade with them. This is not great, but better than nothing.
plus you get 2.35% rate?
1% interest on 3 months is roughly 4% in annualized interest. Add the APY of 2.35 to make it 6.35 APY for 3 months. Not a great way to do the math but roughly there
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Our community has rated this post as helpful. If you agree, why not thank Intelslacker
I know of a guaranteed rate of return of over 8% with one of the safest investment vehicles. Everyone that reads this look up "I bonds" through the treasurydirect.gov website (government) and recent videos on YouTube. It's based off of the CPI inflation number. Caveat is you have to hold the funds for 12 months before you can withdraw and the government is only allowing $10,000 per person invested. But anyone with a social security number including your kids can invest 10K. Also learn about the gift box loophole.
Just YouTube "I bonds". I just found out about them a few days ago. Just make sure you invest before the end of the month so you lock in the 9.62% interest rate on the bond. You will get that for 6 months and then I believe 6.4% for the following because they have already announced the inflation number. It's a government bond You can purchase in like 5 or 10 minutes on the government website. Kind of like treasuries.
This is not spam. Just trying to help everyone protect themselves from the devaluing dollar. Although banks seem safe, anything can happen with a commercial bank. We just have never lived through it. Almost with Lehman Brothers and Bear Stearns in the last global financial collapse. This is a government-backed bond with a incredibly high interest rate. The only guaranteed investment right now. Just make sure it's only the cash that you were intending to park and not use for 12 months.
Batten down the hatches. Eventually when this all plays out, it is going to be a wild one. Sorry to sound grim. I study this stuff.
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