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Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
435,170 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/
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+444
435,170 Views
5% APY
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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%.

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Joined Jul 2007
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qwertyaas
02-02-2023 at 03:05 PM.
02-02-2023 at 03:05 PM.
Quote from Omegadeal2000 :
So the consequence of ending earlier is just you forfeit some of the interest you already "earned"? So for example, you put in $10,000, the penalties will never mean you lose any of the original $10,000, just the interest you earned? So basically no risk to your original investment?
You lose 3 months of interest, not principal. Correct.
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MagentaCircle3391
02-02-2023 at 03:09 PM.
02-02-2023 at 03:09 PM.
Quote from plflorence :
Can you give some examples how we can find these treasuries? Thanks!
https://www.treasurydirect.gov/
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Joined May 2015
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mischlep
02-02-2023 at 03:17 PM.
02-02-2023 at 03:17 PM.
Quote from shopperuvdealz :
How would you cashout on a CD if there are no Capital One banks near you?
Transfer it back to another bank
Or, open a CapitalOne 360 checking account, get checks and write yourself one.
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Joined Feb 2017
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stevie617
02-02-2023 at 03:23 PM.
02-02-2023 at 03:23 PM.
Thanks for posting. I would run for the hills if one says the words, CD invest.
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Joined Nov 2012
L5: Journeyman
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Dragon38
02-02-2023 at 03:23 PM.
02-02-2023 at 03:23 PM.
Quote from junkdealer :
Saving account with same rate - https://primisbank.com/primis-savings-accounts/

Correct me if I'm wrong but that primus account is not locked at 5%. It can down. The CD is locked.
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Joined Feb 2011
L10: Grand Master
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shopperuvdealz
02-02-2023 at 03:34 PM.
02-02-2023 at 03:34 PM.
Quote from mischlep :
Transfer it back to another bank
Or, open a CapitalOne 360 checking account, get checks and write yourself one.
Thanks for replying.So, I could just transfer the whole amount to another bank after 11 months ,and then the CD atomatically closes?Are there fees to transfer the money out?
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Joined Nov 2011
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steelcurtain59
02-02-2023 at 03:41 PM.
02-02-2023 at 03:41 PM.
Quote from shopperuvdealz :
I've never done a "CD" so how am I suppose to know! Instead of being mean, why not be helpful!
I had never done this either so don't let the meanies get to you.

I just set up an account, wired the money and monitor online. Was quite easy.
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Joined Nov 2011
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steelcurtain59
02-02-2023 at 03:45 PM.
02-02-2023 at 03:45 PM.
Quote from shopperuvdealz :
Thanks for replying.So, I could just transfer the whole amount to another bank after 11 months ,and then the CD atomatically closes?Are there fees to transfer the money out?
My primary bank account has free wire transfers. I'm not sure how it will work when the CD matures but I'd imagine no more than $30.
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Joined Mar 2007
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strikeoutk
02-02-2023 at 03:48 PM.
02-02-2023 at 03:48 PM.
darn, i opened up a capitol one savings account with the fall22 promo on 12/14, funded on 12/19. the promo for this cd ends 3/14. looks like i'm going to miss the 5% rate by a few days since i have to hold 90 days for the fall22 promo =\
hopefully there are even better rates in the next month or two, fed keeps raising rates...
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George_P_Burdell
02-02-2023 at 03:54 PM.
02-02-2023 at 03:54 PM.
Quote from IndiaPaleAle :
.25% kicker if you're a 25 year member, I joined at 18.
Okay. I'll text you in 20 years
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klobster
02-02-2023 at 03:55 PM.
02-02-2023 at 03:55 PM.
Quote from steelcurtain59 :
I had never done this either so don't let the meanies get to you.

I just set up an account, wired the money and monitor online. Was quite easy.

To build (haha) on this, a great option over savings is to start a CD ladder.Budget out a years worth of investments, divide by 12, then purchase a new one every month., creating a new "rung" every time If after a year, things looking good for you, pull the interest and reinvest the principal, or keep throwing it all back in..Gives you decent liquidity after the first year. Just keep climbing that ladder. Not as risky as the "free market", might have to weigh out gov't bonds and T-Bills for your own situation, but it's a nice option to have that sweet spot of interest and cash availability. Ask your doctor if golfing is right for you. Then go hit the links with them and talk to people who can afford to dabble in all of those.
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Joined Feb 2011
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shopperuvdealz
02-02-2023 at 04:01 PM.
02-02-2023 at 04:01 PM.
................
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Last edited by shopperuvdealz February 2, 2023 at 04:53 PM.

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Joined Feb 2004
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mnsweeps
02-02-2023 at 04:05 PM.
02-02-2023 at 04:05 PM.
26 week T Bills at around 4.60% still seems better as there is no state tax on interest.
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