Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage Advertiser Disclosure

Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+443 Deal Score
434,914 Views
Update: this extremely popular deal is still available.

Capital One is offering a 11-Month 360 Certificate of Deposit at 5% APY with no minimum deposit.

Thanks to Community Member ginger_ale for finding this deal.
Good Deal?

Original Post

Written by
Edited February 24, 2023 at 12:11 AM by
No minimum balance required.

Expires 3/15/23

https://www.capitalone.com/bank/cds/online-cds/

Full CD Disclosure

https://www.capitalone.com/bank/d...nline-cds/
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+443
434,914 Views
5% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Your comment cannot be blank.

Featured Comments

So I started to ladder T-Bills for the reasons everyone is stating in this thread. The rate is so volatile (in a good way) that locking into anything even 12 months is too long for me and rates continue to climb. I use fidelity and my suggestion is this.

When they offer the new 4 week and 8 week and 13 week t-bill (they auction on diff days and diff weeks) go in and buy one of each of them with whatever money you can spare. Let's use 5k for each.

I would buy a 4 week t-bill with NO Rollover for 5k
I would buy an 8 week t-bill with NO Rollover for 5k
I would buy a 13 week t-bill WITH Rollover for 5k

Then after 4 weeks when that first on comes up, buy another 13 week t-bill with the 5k WITH Rollover.
Then after 8 weeks when the second comes up, buy another 13 week t-bill with the 5k WITH Rollover.

Now you will have 3 13 week t-bills rolling every 4 weeks or so and rolling into a new one with the proceeds. This way every 4 weeks you are capturing an increasing rate and not locked into anything longer than 13 weeks. You benefit from the rate hikes, can cash out at any time, and you have state tax shelter from the earned interest.

I can almost guarantee that the above will yield you more net income (taking in tax break) at the end of 11months then the 5% locked CD

just my 2cents
You can buy treasuries from just about any brokerage. I use Fidelity, as I like their platform and they don't charge fees/commissions for treasuries.
Fidelity Fixed Income Page [fidelity.com]
Follow the above link and scroll down to the row "U.S. Treasury." Choose the duration you want and click on it. You can then click "buy" to start a trade of a specific treasury bill/bond.
Fidelity's Intro to Treasuries [fidelity.com]
This is true, but it doesn't make an 11-month CD at 5% a bad idea. Those HYS can change their rates at any time, but here you're guaranteed to get 5%.

Sign up for a Slickdeals account to remove this ad.

Joined Jul 2007
L8: Grand Teacher
> bubble2 3,792 Posts
801 Reputation
qwertyaas
02-02-2023 at 12:48 PM.
02-02-2023 at 12:48 PM.
Quote from Milkcake81 :
Grace Period: You may redeem your Certificate of Deposit within ten (10) calendar days after the maturity date without penalty.

What happens if you don't redeem within 10 days?
They generally auto-roll to a 12M.
6
Like
Funny
>
Helpful
Not helpful
Reply
Joined Oct 2009
L7: Teacher
> bubble2 2,812 Posts
ascotnot
02-02-2023 at 12:50 PM.
02-02-2023 at 12:50 PM.
Quote from Milkcake81 :
Grace Period: You may redeem your Certificate of Deposit within ten (10) calendar days after the maturity date without penalty.

What happens if you don't redeem within 10 days?
I assume that that means you have locked yourself into another term and a withdrawal fee would apply. They are very light on information regarding the redemption process. This sounds like a good deal but I would be sure to find out exactly how you would communicate a valid redemption request to them before locking in.
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jul 2006
L10: Grand Master
> bubble2 8,321 Posts
1,112 Reputation
Nattefrost
02-02-2023 at 12:51 PM.
02-02-2023 at 12:51 PM.
Chasing rates is exhausting...hard to keep up w where all the money is
25
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2007
L4: Apprentice
> bubble2 417 Posts
84 Reputation
SnotRocket
02-02-2023 at 12:54 PM.
02-02-2023 at 12:54 PM.
Quote from Milkcake81 :
Grace Period: You may redeem your Certificate of Deposit within ten (10) calendar days after the maturity date without penalty.

What happens if you don't redeem within 10 days?

After the 10 days it just gets rolled into the new rate at the same duration as the current CD. This is my experience with CDs. I do CDs often and this seems to be the trend.
7
Like
Funny
>
Helpful
Not helpful
Reply
Joined Oct 2008
L9: Master
> bubble2 4,407 Posts
822 Reputation
warsaws
02-02-2023 at 12:57 PM.
02-02-2023 at 12:57 PM.
Quote from Nattefrost :
Chasing rates is exhausting...hard to keep up w where all the money is
Good point! How do you all keep track of accounts and balances? (Without just relying on whatever the bank says)
Like
Funny
>
Helpful
Not helpful
Reply
Joined Nov 2012
L12 Pro
> bubble2 5,263 Posts
1,201 Reputation
Pro
George_P_Burdell
02-02-2023 at 01:00 PM.
02-02-2023 at 01:00 PM.
Quote from IndiaPaleAle :
5.25 NFCU here. A bird in the hand is worth two in the bush.
which one is 5.25?
https://www.navyfederal.org/check...rates.html

Not seeing one
2
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Nov 2012
L12 Pro
> bubble2 5,263 Posts
1,201 Reputation
Pro
George_P_Burdell
02-02-2023 at 01:03 PM.
02-02-2023 at 01:03 PM.
Quote from Nattefrost :
Chasing rates is exhausting...hard to keep up w where all the money is
I will tell you the trick is to buy T bills at one month interval and set auto roll. As long as Fed hikes rate, you would get better rates and at the near end I would move money to long dated CD by laddering them to expire at different maturity or buy 1y/2y t bills. SoFi rate is decent on checking and saving as a bank for day to day transactions.

I hold a massive portfolio of bank accounts.
15
2
Like
Funny
>
Helpful
Not helpful
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2007
L8: Grand Teacher
> bubble2 3,777 Posts
1,308 Reputation
geoffkin
02-02-2023 at 01:08 PM.
02-02-2023 at 01:08 PM.
Quote from TurtlePerson2 :
It's the partisan news outlets that push this idea that this time the country is really going to default. None of the credit rating agencies or finance people think it's at all possible. Countries that default or risk defaulting on their debt do so because they borrow in a currency that they don't control. For Argentina this was USD, for Greece it's Euros.

If you want to make good investment decisions, you need to turn off partisan news.
I don't have to listen to any news, I just listen to what those creepers ACTUALLY SAY.
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Mar 2012
L8: Grand Teacher
> bubble2 3,372 Posts
75 Reputation
Mundabiker
02-02-2023 at 01:09 PM.
02-02-2023 at 01:09 PM.
Quote from George_P_Burdell :
There are savings account that's gives 5% apy

Which ones ?
2
1
Like
Funny
>
Helpful
Not helpful
Reply

This comment has been rated as unhelpful by Slickdeals users

Show Comment
Joined May 2015
L7: Teacher
> bubble2 2,086 Posts
1,025 Reputation
mischlep
02-02-2023 at 01:12 PM.
02-02-2023 at 01:12 PM.
Quote from LovelyBike5590 :
how much tax have to pay on the interest earned?
Regular income tax rates. Expect a 1099-INT at the end of the year. Depending on how you deal with the interest on the CD, you would get a 1099-INT in early 2024 (2023 interest income) and one in early 2025 (2024 interest income, if any).
6
Like
Funny
>
Helpful
Not helpful
Reply
Joined Nov 2010
"Buy Low-Live High"
> bubble2 3,192 Posts
572 Reputation
bchill
02-02-2023 at 01:13 PM.
02-02-2023 at 01:13 PM.
Quote from iamaustin :
The government can default on these? And is set to do so if congress doesn't pass any legislation increasing the debt ceiling?
If they do default on these, then FDIC is in jeopardy too. FYI.
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined May 2017
New User
> bubble2 38 Posts
34 Reputation
python5
02-02-2023 at 01:15 PM.
02-02-2023 at 01:15 PM.
The recent auction of a 4-month t-bill for 4.6% makes the 11-month CD rate of 5% appear unappealing, as there is a high probability that interest rates will increase beyond 5%.
7
Like
Funny
>
Helpful
Not helpful
Reply
Last edited by python5 February 2, 2023 at 01:18 PM.
Joined Jan 2015
L10: Grand Master
> bubble2 1,353 Posts
144 Reputation
Deal_Hunter_X
02-02-2023 at 01:18 PM.
02-02-2023 at 01:18 PM.
Quote from low_ball_88 :
Could be good timing rolling over a 360 savings account with cash back after 90 days from a promo (fall22) last year.
Did anyone get the bonus yet? I didn't.
2
Like
Funny
>
Helpful
Not helpful
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2015
L10: Grand Master
> bubble2 1,353 Posts
144 Reputation
Deal_Hunter_X
02-02-2023 at 01:20 PM.
02-02-2023 at 01:20 PM.
Quote from TurtlePerson2 :
This is true, but it doesn't make an 11-month CD at 5% a bad idea. Those HYS can change their rates at any time, but here you're guaranteed to get 5%.
Some CDs are callable which means they can cancel the CD anytime.
2
1
Like
Funny
>
Helpful
Not helpful
Reply
Page 4 of 52
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.