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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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https://www.fidelity.co
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!
From my kids point of view, they were able to make a cash offer on a house, which saved them money on the price, didn't have to pay all the bank fees and minimal closing costs, and the rate is less then what the banks charge.
From my perspective- sure, I'm losing a little interest - but the houses are collateral, and it gives my kids a little head start.
Obviously not for everyone, but something to consider for folks in a similar situation.
The schedule is here https://www.treasurydir
You need money in your account the day of the auction.
Thank you for your advice.
or has info directly from CS?
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
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https://www.fidelity.com/bin-publ...f-book.pdf [fidelity.com]
There is a woman Diamond NestEgg on Youtube who has terrifc videos about buying T-Bills.
She explains it very clearly.
https://online.citi.com/US/ag/banking/cd-account
Which ones?
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