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Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
449,545 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.

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
449,545 Views
5% APY
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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 May 2010
L3: Novice
> bubble2 113 Posts
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master555
02-03-2023 at 04:56 AM.
02-03-2023 at 04:56 AM.
Can I transfer from my business checking account to capital one savings? And then to CD
Reply
Joined Nov 2005
L3: Novice
> bubble2 131 Posts
133 Reputation
Jetboy2004
02-03-2023 at 04:57 AM.
02-03-2023 at 04:57 AM.
I have a few 12 month and 24 month CDs from Sept 2022 with 2-3% rate. Is it worth taking the penalty hit and purchase new ones?
1
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,764 Posts
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nyc10036
02-03-2023 at 05:08 AM.
02-03-2023 at 05:08 AM.
Quote from Jetboy2004 :
I have a few 12 month and 24 month CDs from Sept 2022 with 2-3% rate. Is it worth taking the penalty hit and purchase new ones?
https://thefinancebuff.com/cd-ear...lator.html
Reply
Joined Jul 2010
L5: Journeyman
> bubble2 950 Posts
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pghflyer
02-03-2023 at 05:18 AM.
02-03-2023 at 05:18 AM.
Quote from paayter :
I signed up for Robinhood gold which gives you 4 percent yield on the cash shitting there. If you put in a big enough amount the 5 dollar per
Month fee is neglible.
IDK what RH uses to pay 4% but as a comparison, Fidelity pays the same if you select one of their Money Market funds for your settlement cash (but you have to manually change to one of them as they default to their lower rate FCASH). https://www.fidelity.com/mutual-f...unds-fcash Not saying Fidelity is special but just comparable.
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Joined Nov 2020
L3: Novice
> bubble2 186 Posts
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scottydl
02-03-2023 at 05:48 AM.
02-03-2023 at 05:48 AM.
Keep in mind they only offer 5% (and lock for 12 months) because they're overwhelming certain they can make more than that investing your money themselves. Most indications are that the economy is swinging back upwards. Growth stock mutual funds are more likely to earn a higher return in the next year. All depends on your level of risk, and if you'll want any of the money before the year is up.
Reply
Last edited by scottydl February 3, 2023 at 05:55 AM.
Joined Dec 2005
Advanced Elite SDer
> bubble2 3,371 Posts
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TheKingofDeals
02-03-2023 at 05:59 AM.
02-03-2023 at 05:59 AM.
Quote from warsaws :
Good point! How do you all keep track of accounts and balances? (Without just relying on whatever the bank says)
Same complaint have moved $ several times as rates changed.
I use Mint to track the monies that are all over. Have been using it for years and its free.
There are several other similar sites but I like mint.
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Joined Nov 2020
L3: Novice
> bubble2 186 Posts
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scottydl
02-03-2023 at 06:03 AM.
02-03-2023 at 06:03 AM.
Quote from Puff601 :
Probably the wrong place to ask but... What would you guys do with 500k or so to ensure its not just sitting in an account gaining minimal interest?

First talk to a trusted financial advisor, who has a structure that only makes money when you do. Depending on your goals for that money (retirement, kids college, house savings maybe 1-2 years away, etc.) there are a variety of types of accounts to choose from. All have various tax & growth benefits depending on their purpose, to protect the money as much as possible (from taxes primarily) while still allowing for growth. Good, solid growth stock mutual funds, with long track records, have historically doubled your money every 7 years. There is some risk (like our markets the last 2 years) but long term those are just speed bumps. Find an advisor who is a teacher, and will leave you confident that you understand what's happening. I like the folks in Dave Ramsey's endorsed list, because they've been vetted and meet that teacher requirement.
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Joined Oct 2022
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Crs353
02-03-2023 at 06:12 AM.
02-03-2023 at 06:12 AM.
Quote from strikeoutk :
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...
Same exact days for me. Will have to see what they offer after 3/14
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Joined Nov 2011
L1: Learner
> bubble2 20 Posts
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shmillon
02-03-2023 at 06:23 AM.
02-03-2023 at 06:23 AM.
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.

I was waiting to take advantage of this CD until the cash from that fall promo hits my account, but I just checked and it won't arrive until March 25. Since I met the requirements already (hold until Jan 24th) I just need to jump on this CD offer.
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Joined Jul 2019
Lil Jimmy,Bng 9er Gng
> bubble2 3,694 Posts
94c107ea-869c-45a5-becd-c6b552
02-03-2023 at 06:23 AM.
02-03-2023 at 06:23 AM.
Quote from BareFun4U :
It is
4.88% not 5.25%

Apy is 5%,all that matters unless you're withdrawing interest. NFCU gives anniversary loyalty kicker of .25% if you've been with them long enough. Ergo 5.25 apy
1
Reply
Joined Nov 2020
New User
> bubble2 18 Posts
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SplendidSuit890
02-03-2023 at 06:25 AM.
02-03-2023 at 06:25 AM.
Can someone explain these jepi etf figures in English? Jepi ytd return is 1.54 percent and yields roughly 12 percent.

How much would you be making on a 100k investment

These can be sold at anytime? No lock in period

Is this the number 1 etf in this category. 12 percent seems very good in this market. What's the catch or downside to all this ?

Fill me in here
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,764 Posts
300 Reputation
nyc10036
02-03-2023 at 06:52 AM.
02-03-2023 at 06:52 AM.
Quote from SplendidSuit890 :
Can someone explain these jepi etf figures in English? Jepi ytd return is 1.54 percent and yields roughly 12 percent.

How much would you be making on a 100k investment

These can be sold at anytime? No lock in period

Is this the number 1 etf in this category. 12 percent seems very good in this market. What's the catch or downside to all this ?

Fill me in here

ETF = exchange-traded fund
jepi = ?​
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,764 Posts
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nyc10036
02-03-2023 at 06:53 AM.
02-03-2023 at 06:53 AM.
Quote from Puff601 :
Probably the wrong place to ask but... What would you guys do with 500k or so to ensure its not just sitting in an account gaining minimal interest?
50% total market index fund
50% t-bills

set it and forget it

Reply
Joined Nov 2014
L1: Learner
> bubble2 22 Posts
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CLA2014
02-03-2023 at 07:00 AM.
02-03-2023 at 07:00 AM.
Quote from TurtlePerson2 :
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]
Does anyone know what the differences are between these two T-Bill types which I see listed on Fidelity platform?

US TREASURY BILLS ZERO COUPON
US TREASURY NOTE
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Last edited by CLA2014 February 3, 2023 at 07:03 AM.

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Joined Feb 2007
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> bubble2 3,517 Posts
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sgb
02-03-2023 at 07:03 AM.

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

02-03-2023 at 07:03 AM.
Quote from CLA2014 :
Does anyone know what the differences are between these two T-Bill types which I see listed in Fidelity?

US TREASURY BILLS ZERO COUPON
US TREASURY NOTE
Treasury bills have maturity period of one year or less. Notes have maturity period of 2 years or more.
1
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