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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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Deal
Score
+444
449,545 Views
5% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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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 Jul 2019
Lil Jimmy,Bng 9er Gng
> bubble2 3,694 Posts
94c107ea-869c-45a5-becd-c6b552
02-03-2023 at 02:13 PM.
02-03-2023 at 02:13 PM.
Quote from aeroten :
I find people with the ability to do 500k CD surfing slickdeals as ironic as someone shopping at Walmart arriving in their Tesla X.

This was meant as a joke, no offense meant. Good advice nonetheless.

Believe it or not, 500k isn't an extreme amount of money & I see Xs at Walmart all the time.
2
Reply
Last edited by Anonymous February 3, 2023 at 02:21 PM.
Joined Jul 2019
Lil Jimmy,Bng 9er Gng
> bubble2 3,694 Posts
94c107ea-869c-45a5-becd-c6b552
02-03-2023 at 02:17 PM.
02-03-2023 at 02:17 PM.
Quote from Joe328 :
Wait, is it time to brush off the dust on my credit card arbitrage days? Let's go, FatWallet!

App-o-Rama
1
Reply
Joined Apr 2006
L3: Novice
> bubble2 156 Posts
39 Reputation
thinredline
02-03-2023 at 02:18 PM.
02-03-2023 at 02:18 PM.
Protected by NCUA (FDIC equivalent for Credit Union)?
Reply
Joined Aug 2006
L10: Grand Master
> bubble2 15,310 Posts
3,540 Reputation
Tourist1292
02-03-2023 at 02:27 PM.
02-03-2023 at 02:27 PM.
AmEx is offering $350 to open a high rate saving account with $25000 which has currently 3.3% APY. As the interest rate will likely to go slightly higher or stay at around the current level in the 12 months, that would be a much better deal which gives similar return in 12 months and is more flexibility. You can take the money out as soon as in 3 months and pocket the $350 plus interest.
Reply
Joined Apr 2018
L2: Beginner
> bubble2 99 Posts
14 Reputation
JohnS7762
02-03-2023 at 02:42 PM.
02-03-2023 at 02:42 PM.
Quote from ExquisiteShopper :
Just put your money in FTX and get a 12% apy return on your stable coins... Duh 😎
sbf genius man
Reply
Joined Jan 2007
L9: Master
> bubble2 4,139 Posts
1,344 Reputation
geoffkin
02-03-2023 at 02:42 PM.
02-03-2023 at 02:42 PM.
Quote from Tourist1292 :
AmEx is offering $350 to open a high rate saving account with $25000 which has currently 3.3% APY. As the interest rate will likely to go slightly higher or stay at around the current level in the 12 months, that would be a much better deal which gives similar return in 12 months and is more flexibility. You can take the money out as soon as in 3 months and pocket the $350 plus interest.
NOT for everyone? American Express High Yield Savings $350 Bonus (Targeted)
Only need to keep it there 60 days for the bonus, IF you can get it..
Reply
Joined Sep 2003
Worlds Most Modest Man
> bubble2 19,006 Posts
3,113 Reputation
beowulf7
02-03-2023 at 03:45 PM.
02-03-2023 at 03:45 PM.
Since it's 5.0% deal expires on March 14th and many expect interest rates to continue to rise, no need to rush to buy this CD now. Might as will wait to see if there's a better offer that comes along over the next month and a half that's also FDIC insured.
Reply

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Joined Feb 2015
L3: Novice
> bubble2 199 Posts
22 Reputation
rkbest
02-03-2023 at 04:37 PM.
02-03-2023 at 04:37 PM.
Quote from George_P_Burdell :
There are savings account that's gives 5% apy

But if the rate start dropping savings rate also go down. Right. While CD will be guaranteed?
Reply
Joined Feb 2015
L3: Novice
> bubble2 199 Posts
22 Reputation
rkbest
02-03-2023 at 04:40 PM.
02-03-2023 at 04:40 PM.
Quote from low_ball_88 :
Not comparing this to CD but if someone is interested in dividend, JEPI will pay 11.68% Yield. the price of the ETF is currently trading in the mid 50's. You could trade ETF like a stock. Always do your own DD.

That's a new ETF? Big gamble with no historical data.
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,764 Posts
300 Reputation
nyc10036
02-03-2023 at 04:55 PM.
02-03-2023 at 04:55 PM.
Quote from rkbest :
That's a new ETF? Big gamble with no historical data.
Not only that.
It buys stocks that pays dividends.
People search about why that isn't always the best idea.
Reply
Joined Nov 2015
L5: Journeyman
> bubble2 667 Posts
127 Reputation
Intranetusa
02-03-2023 at 04:59 PM.
02-03-2023 at 04:59 PM.
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]
What is the advantage of buying treasuries from brokerage sites VS directly from the treasury at their treasurydirect website?
Reply
Joined Nov 2015
L5: Journeyman
> bubble2 667 Posts
127 Reputation
Intranetusa
02-03-2023 at 05:02 PM.
02-03-2023 at 05:02 PM.
I see a promo code blank during the Capital One CD signup process.

Does anyone have a promo code for this?
Reply
Joined Mar 2017
L2: Beginner
> bubble2 35 Posts
14 Reputation
VfxPolicy
02-03-2023 at 05:35 PM.
02-03-2023 at 05:35 PM.
Regular savings accounts are up to 4%+...why lock up your money for 11 months for 1% or less interest.
Reply
Joined Apr 2017
New User
> bubble2 2 Posts
10 Reputation
chromyhomy
02-03-2023 at 05:37 PM.
02-03-2023 at 05:37 PM.
I'm not convinced that is a full 5% as being advertised after the 11 months... The link here has an earnings calculator - https://www.capitalone.com/bank/c...-cd-rates/
It's showing as 4.57% not 5%? Am I missing something?
2
1
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Joined Nov 2010
L4: Apprentice
> bubble2 445 Posts
34 Reputation
meetjasper
02-03-2023 at 05:37 PM.
02-03-2023 at 05:37 PM.
Is it good idea to put 150K in CD?
1
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