Up to $1000 Bonus for new Capital One 360 saving account

Annualized Yield = 100 / 10000 * (365/90) * 100 = 4.06%

You're better off buying 6M US treasuries at 4.423% and get a better return. Who in the world falls for this stuff? Smart move on the bank to arbitrage returns. Brilliant.

What am I missing? Is it really a much better return? For example the Ally deal gives you $793 on $50k over three months. (2.35% APY in addition to 1% return of what you deposited for three months.) 4% treasury is $500 on $50k for three months.

You should probably check your numbers before calling others brainless. Using actual bond pricing from Fidelity as of this morning, here's what I came up with:

$10,000 3-Month T-Bill @ 4.11% YTM, simple interest/zero coupon = $10,127.51
$10,000 Capital One @ 2.35% APY + $100 for 90 days, compounded daily, + $100 bonus = $10,158.92

$10,000 6-Month T-Bill @ 4.35% YTM, simple interest/zero coupon = $10,204.08
$10,000 Capital One @ 2.35% APY for 180 days, compounded daily, + $100 bonus = $10,218.19

For those who don't have or don't want a brokerage account, this offer comes out ahead on both 3- and 6-month timelines.

Would I go through the effort? No, but I also wouldn't call someone brainless for taking the path which ultimately lands them the greater return.

This is a pretty incredible short-term investment to preserve your capital with the inflation that we are seeing.

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.

Funny guy... My pricing is directly from a bloomberg terminal.....

Your quotes on the 3M and 6M are wrong. You're better off buying the T-bills rather than putting money in this crap.

In for $1k bonus. better than putting it in the market right now

You have no clue what you are talking about buddy. Just learn some basic math before you call out others
And you understand that we are talking about LIQUID cash. You always pay a premium for keeping cash liquid. And in this case you are getting more for keeping 3 or 6 months liquid cash. It's a win win for me at least

Wouldn't this effectively be around ~6.35% APY interest for the 90 days?

Am I the only crazy person on this thread? Ha

Damnit, I just opened an account earlier this month. What are the odds I can cajole them into retroactively applying the code?