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Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
449,790 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.
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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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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 Jun 2003
L4: Apprentice
> bubble2 485 Posts
91 Reputation
ryanbrancel
02-02-2023 at 09:46 PM.
02-02-2023 at 09:46 PM.
This reminds me back in the day of ING Direct (Orange CDs), rates that were really good. Then Capital One bought ING and the interest rates fell.
Reply
Joined Mar 2007
L2: Beginner
> bubble2 51 Posts
11 Reputation
yahooguy77
02-02-2023 at 10:01 PM.
02-02-2023 at 10:01 PM.
Quote from nba2k18 :
If you want small change, look at CD.

If you got mattress money, look at ETFs

I'll give you the best slickdeal

MUTF: AMAGX

Look at the returns and then compare with other grandpa etfs
What is so special about this ETF? Looked at the 1 year, 3 year and 5 year chart and many ETFs beat this one in return.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 29 Posts
10 Reputation
Erik2010
02-02-2023 at 10:03 PM.
02-02-2023 at 10:03 PM.
Quote from bagarwa :
Can someone explain the interest payout part to me? The two options are – "Keep interest in my CD" or "Payout my interest monthly or annually". If I choose the first, will the CD get compounded interest at maturity? (i.e. the interest earned in the first month will get added to the initial deposit and the combined amount will get 5% APY, same process repeats next month and so on?) OR no matter which option I choose, the maturity amount is now fixed? (5% APY of initial deposit only.)
In other words, if I "Keep interest in my CD", will I get higher amount at maturity?
Yes leave it in there, it compounds daily.
https://www.forbes.com/advisor/ba...-cd-rates/
Reply
Joined Oct 2015
L2: Beginner
> bubble2 65 Posts
14 Reputation
g2181
02-02-2023 at 10:07 PM.
02-02-2023 at 10:07 PM.
Quote from ScarletCable765 :
I appreciate all of the posts above mentioning T Bills from Fidelity. I've never been into this type of stuff and always held my money in savings accounts plus brokerage accounts where I would just buy and hold stocks (and the occasional options trading). But last year I made the most money I ever have in my life through work and have about 670k saved from the year and it seems like a no brainer to put the majority of that into some low-risk stuff like T Bills (I already use Fidelity as my broker). I have a lot to learn!

Awesome ! If u dont mind....What kind of work do u do that makes 670k a yr ? Looking for some inspiration here !
Reply
Joined May 2005
L7: Teacher
> bubble2 3,735 Posts
331 Reputation
nba2k18
02-02-2023 at 10:09 PM.
02-02-2023 at 10:09 PM.
Quote from yahooguy77 :
What is so special about this ETF? Looked at the 1 year, 3 year and 5 year chart and many ETFs beat this one in return.
Which one are you comparing with?
Reply
Joined Oct 2019
L6: Expert
> bubble2 1,586 Posts
26 Reputation
paulyshore
02-02-2023 at 10:32 PM.
02-02-2023 at 10:32 PM.
have capital one three sixty account. idcan just transfer the funds from the checking to it?
Reply
Joined Dec 2009
L3: Novice
> bubble2 178 Posts
46 Reputation
arvisha16
02-02-2023 at 11:07 PM.
02-02-2023 at 11:07 PM.
Quote from teaberry :
If I recall, saving accts APY can change month to month vs the CD you're locked in albeit your money is locked for 11 months (w/o penalty?).
https://finance.yahoo.com/quote/FRST
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Joined Dec 2009
L3: Novice
> bubble2 178 Posts
46 Reputation
arvisha16
02-02-2023 at 11:08 PM.
02-02-2023 at 11:08 PM.
Quote from junkdealer :
Saving account with same rate - https://primisbank.com/primis-savings-accounts/
This is the ticker -> https://finance.yahoo.com/quote/FRST
Bank looks real...
Reply
Joined May 2011
L3: Novice
> bubble2 251 Posts
26 Reputation
WingedWheel
02-02-2023 at 11:23 PM.
02-02-2023 at 11:23 PM.
Quote from mrdizle :
That's 4.58%. What happens to the other .42% ?
I think you're calculating based on 12 months. This is an 11 month CD.
Reply
Joined May 2015
L9001: Lurker
> bubble2 9,273 Posts
1,164 Reputation
texst
02-02-2023 at 11:36 PM.
02-02-2023 at 11:36 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?
The Treasury would simply siphon some funds out of the $1.7T omnibus spending bill. Plenty of wiggle room there. No need to keep raising the debt roof
1
Reply
Joined Oct 2016
L2: Beginner
> bubble2 55 Posts
10 Reputation
BlockCharger
02-02-2023 at 11:44 PM.
02-02-2023 at 11:44 PM.
Quote from jool18 :
Can you share a website where I can learn more about this? No rollover vs rollover? Pls and Ty!
Not sure I know one but I use fidelity. Go to fixed income. New issues and treasury. You have to know the auction schedule for the different t bills. Google t bill schedule and you will see what days to expect to see 4 8 and 13 week t bills have new issues. Then use your broker to purchase them on those days. Remember in t bills there is no coupon.... simply the rate. Also you pay a discount for the t bill. Each is 1000. But you will pay like 980 and when it matures it is worth 1000. Hope that helps
Reply
Joined Oct 2016
L2: Beginner
> bubble2 55 Posts
10 Reputation
BlockCharger
02-02-2023 at 11:49 PM.

Our community has rated this post as helpful. If you agree, why not thank BlockCharger

02-02-2023 at 11:49 PM.
Glad to see my post helped some folks. Except whoever thumbs downed me lol..... T bills are for all intents and purposes risk free. You don't make much on a 4 8 or 23 week bill. But with the ladder you set it and forget it. Then it over time will pay out similarly to holding an annual instrument. Investing in a single 4 week t bill wouldn't really be worth it by itself
3
Reply
Joined Dec 2019
MF-OG
> bubble2 770 Posts
175 Reputation
OG-Bluntman
02-03-2023 at 02:33 AM.

Our community has rated this post as helpful. If you agree, why not thank OG-Bluntman

02-03-2023 at 02:33 AM.
PRO TIP: Do NOT lock in to a CD. Rates are expected to rise more this year (just did .25%, more forecasted), go on over to bankrate, check out the MMA accounts and do your rate shop. Check the terms on each so you're making a choice that works for you (you should always know the terms regardless)...Redneck Bank, check them out, it's the online arm of All America Bank, been using them for years and they're typically higher than any MMA advertised on Bankrate, plus the customer service is superb. Been rate chasing for years, been in the industry for 10, reach out with any questions, thx!
1
1
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Joined Nov 2007
L6: Expert
> bubble2 1,001 Posts
150 Reputation
hwada
02-03-2023 at 02:56 AM.
02-03-2023 at 02:56 AM.
Quote from nba2k18 :
If you want small change, look at CD.

If you got mattress money, look at ETFs

I'll give you the best slickdeal

MUTF: AMAGX

Look at the returns and then compare with other grandpa etfs

$2500 min buy with Fidelity
Reply

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Joined Nov 2011
L3: Novice
> bubble2 337 Posts
61 Reputation
steelcurtain59
02-03-2023 at 03:15 AM.
02-03-2023 at 03:15 AM.
Quote from sonoma03 :
ACH transfers to another bank account (e.g. your checking account) are free. Wire transfers may have additional charges.
I am 100% sure I have free wire transfers. I utilize this service complimentary bimonthly.
Reply
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