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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://money.usnews.co
Edited: Sorry wrong comment about JEPI yield.
Generally I understand how 12 months work. If my bank has a 5% APY interest rate, my monthly interest is 5% of my total money divided by 12. Does an 11 month CD work similarly?
Generally I understand how 12 months work. If my bank has a 5% APY interest rate, my monthly interest is 5% of my total money divided by 12. Does an 11 month CD work similarly?
https://www.frontwavecu
He makes a valid point and his risk potential may be higher. 30+ years ago I walked into Prudential for a broker CD. The Prudential was pitching me to invest in stocks. I was a lot younger - all I could see was the safety and fixed interest rates. Now I have zero CD's - my investments are a lot more complicated and overall have done lot better than CD's. So don't just LOL just because you have your blinders on.
Only if you have accrued enough interest to offset the penalty. Lets say you start cd and less than month you change your mind and try to withdraw the penalty can eat into your principal. Glance over the read the terms and conditions.
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What happens if you don't redeem within 10 days?
I am trying to link to an external account but having system issues verifying my phone number. More than likely I will need to contact customer service to manually add an external bank account or perhaps open up their online savings account which appears to be free with no minimal balance requirement.
JEPI or any other mutual fund/ETF - the principal is not guaranteed; yield is not guaranteed. So if you put $1K in JEPI you might end up with $900 in a year later. You can also make fair bit - but it is an ETF - a basket of stocks with high dividends.
What JEPI does do is use covered calls/options to enhance return a bit - works better on down/sideway markets. But like any other stock-based ETF - it can lose money, it did lose money last year.
They have a CD via Sallemaye bank - that is 5% CD for 2 years. Better for those looking to lock in a rate for longer period.
I am trying to link to an external account but having system issues verifying my phone number. More than likely I will need to contact customer service to manually add an external bank account or perhaps open up their online savings account which appears to be free with no minimal balance requirement.
Generally I understand how 12 months work. If my bank has a 5% APY interest rate, my monthly interest is 5% of my total money divided by 12. Does an 11 month CD work similarly?
Let me simplify this for you. Use this formula to calculate how much you get back:
Capital * (CD rate)/100 * (number of months)/12
For instance:
$1,000 at 5% for 12 months:
1000 * 5/100 * 12/12 = $50
$1,000 at 5% for 11 months:
1000 * 5/100 * 11/12 = $45.83
$800 at 6% for 8 months:
800 * 6/100 * 8/12 = $32
Hope this helps!
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]
Sign up for a Slickdeals account to remove this ad.
Only need to keep it there 60 days for the bonus, IF you can get it..