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Capital One: 11-Month 360 CD Expired
5% APY
(No Minimum Deposit)
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.
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
No minimum balance required.
Expires 3/15/23
https://www.capitalone.
Full CD Disclosure
https://www.capitalone.
Expires 3/15/23
https://www.capitalone.
Full CD Disclosure
https://www.capitalone.
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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
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]
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But, in General,
It depends on:
1. your age, employment, stability of your employment, family/children, medical condition
2. own a house, thinking of buying a house
3. financial support from relatives
4. your current emergency fund amount
Money market
CDs
Treasury
ETFs
are some of the ways to grow your money; How to allocate your funds in these depends on your individual situation.
Examples:
if you are retired, in general you want to supplement your income (Social Security, pension..) you want very reliable investment like CDs Treasury etc.. Main thing is you cannot afford to lose money; you don't have time to make up any loss.
if you are young with family/children, maybe you can afford to take limited risk ...
if you are young and single, then you can take bigger risks to strike it big; if you are unlucky and lose some, you have time to learn from your mistakes and recoup.
Good Luck!
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
Why buy with a broker rather than TreasuryDirect?
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
*yield*
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There is a reason...usually not a good ones...why some investments pay out much higher rates.
Caveat emptor.
I had a 5 year 3% CD with Ally, maturing 6/24. I went ahead & took the 6 month hit to migrate to a 5% CD.
I called & asked them if they would work with me to move the money to another CD with them (below 5%) with no penalty, they said no…even though it was a significant amount of money. Luckily, I was in the position to take advantage of another promotion they had running to earn $500. This offset the penalty amount by almost half. The remaining penalty amount will count toward a tax deduction next year.
It's probably worth it if you want to lock in the 5% rate for more than 1 year. I moved the money to a 27 month CD @ 5%.
The shortest duration is 4 weeks.
I bought a 4-week T-bill in late January that will be maturing on 2/28.
How do you find direct issue TBills and what is the schedule of issue?
However there are weekly T-Bill Zero Coupons and Notes available in Fidelity and that is just confusing.
It makes sense as someone has already mentioned that Zero Coupon is secondary market for T-Bills. Do you need to sell the Zero Coupon on maturity date like how you buy/sell stocks to get back your fund (+interest)?
I just buy when there is a new auction.
The schedule is found here https://www.treasurydir
If you want to buy the next 4-week T-bill, you need money at Fidelity by Feb 8 at the latest.
You can start buying on Feb 7 or whenever Fidelity shows it on their website.
If you do not Auto-Roll, when the 4-week T-bill matures, the money goes into the Fidelity Core position. Then you can just transfer it out or use it to buy the next T-bill.
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
https://finance.yahoo.c
Why do the long term returns seem to be not outperforming benchmarks? Is it because of the 0.9% fee of AMAGX?
How do you find direct issue TBills and what is the schedule of issue?
The schedule is here https://www.treasurydir
You need money in your account the day of the auction.
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