Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage Advertiser Disclosure

Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
451,219 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.
  • Deal Image
  • Deal Image
Deal Image
Apply Now

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/
Add Comment
Reply
in Financial Tools & Services (6) See More Capital One Offers
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Financial Tools & Services Deals

View All
Frontpage
Chase - Bank Advertiser
10% off Ebay Gift cards through Chase Ultimate Rewards Redemption $90
10% Off w/ Points Redemption
+ Free Shipping
16 22
Frontpage
PayPal.com
**YMMV** Link 3 Subscriptions To Paypal and Get $50
$50 in Points
137 202
Staples: 50 Custom Business Cards $5 - create online, pick up at local store.
1 1
Frontpage
Kroger
Kroger Boost 1-Year Membership: Boost Essential $34.50, Boost $49.50
$49.50
54 96
Popular
(Starting July 25) $100 Instacart Gift Card $79.98
32 23
Popular
T-Mobile Customers T Life App * Starts July 29 - FREE Water Bottle
21 34
Deal
Score +444
451,219 Views
5% APY
Apply Now
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.

775 Comments

View Forum Thread

Your comment cannot be blank.

Featured Comments

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%.
·

Sign up for a Slickdeals account to remove this ad.

Joined Oct 2015
L6: Expert
> bubble2 1,263 Posts
6,504 Reputation
fred1313
02-06-2023 at 08:32 AM.
02-06-2023 at 08:32 AM.
Quote from turls :
I didn't have that issue, it was instant, but all money came from my existing performance savings account at CapOne.

Repped. Thanks for your reply. The money was supposed to be moved from my 350 Performance Savings account into the CD. It looks like yours worked properly. Wonder why mine didn't. I guess I'll have to call Cap one later.
Reply
Joined Oct 2017
New User
> bubble2 9 Posts
18 Reputation
mchicago
02-06-2023 at 08:42 AM.
02-06-2023 at 08:42 AM.
Quote from turls :
Yeah, I got caught the same way. But I wasn't putting much money in Savings until this past year, and I switched then. That was when I paid attention and saw they had another option. I don't recall how I figured it out but it must not have been too hidden and it was super-easy to switch.

Yes, it's kind of on the bank, but it's also on you to assume a Savings account will be competitive by default. If you had much money in there you should have noticed and moved it or changed account.
They are sneaky when they can, which is not pleasant: last Summer they had a bonus for new deposits. I got on it late, to make sure the money was deposited on time they suggested I deposit cash at the ATM. But the ATM lets you deposit only on the checking account. So I deposited there and moved to the saving right after. They denied the bonus because the money to the savings account was not new to Capital One.
Reply
Joined Aug 2007
L9: Master
> bubble2 4,499 Posts
938 Reputation
pug_ster
02-06-2023 at 11:09 AM.
02-06-2023 at 11:09 AM.
Edit, nvm.
Reply
Last edited by pug_ster February 6, 2023 at 11:26 AM.
Joined Nov 2008
L7: Teacher
> bubble2 2,060 Posts
959 Reputation
onedollar
02-06-2023 at 11:51 AM.
02-06-2023 at 11:51 AM.
Quote from KrisPLM :
tldr; Capital One froze the interest rate of older, supposedly "high yield savings accounts" at 0.3%. Basically, they silently converted them to low interest accounts.

I've been a customer of Capital One (IngDirect originally) since 2004. I had their "360 Savings account". Capital One claimed it is a high interest account and rates will fluctuate based on Federal reserve interest rates.

Apparently, some years ago they started a new savings account called "360 Performance Savings" with much higher interest rates. The new Performance savings has a interest rate of 3.4% as of today. While the legacy account is only at 0.3% and it stopped fluctuating with Fed rates many years ago.

So I lost a lot of money over the years as my savings account silently turned into a regular savings account and stopped being a high interest account.

They didn't inform established customers of the new Performance savings account and kept people like me at 0.3%. At a minimum, they should have informed existing customers of this new account type.

I learned about this new account a couple of days ago. This is clearly bad faith behavior by the bank. I am in the process of closing out my account. I can never trust Capital One again. You should not do this to long term customers to make a few bucks.

Search online for "womens money capital one cheated high interest accounts" to find other customers that got cheated the same way.
I was in the same shoes too; had multiple ING Direct accounts (which got absorbed by Capal One years ago) and didn't realize that the interest rate stayed at 0.3% all these years. In hindsight, I should have checked but didn't realize it until late last year. Oh well, lesson learned. I ended up opening their new savings account and moving all the funds over from the legacy account to the new one. Now I'm debating between this new CD or the new Citi no-penalty account.
Reply
Joined Oct 2015
L6: Expert
> bubble2 1,263 Posts
6,504 Reputation
fred1313
02-06-2023 at 12:04 PM.
02-06-2023 at 12:04 PM.
Quote from fred1313 :
Repped. Thanks for your reply. The money was supposed to be moved from my 350 Performance Savings account into the CD. It looks like yours worked properly. Wonder why mine didn't. I guess I'll have to call Cap one later.
Still getting the error and customer support couldn't help. Moving the money elsewhere.
Reply
Joined Oct 2015
L6: Expert
> bubble2 1,263 Posts
6,504 Reputation
fred1313
02-06-2023 at 12:08 PM.
02-06-2023 at 12:08 PM.
Quote from KrisPLM :
tldr; Capital One froze the interest rate of older, supposedly "high yield savings accounts" at 0.3%. Basically, they silently converted them to low interest accounts.

I've been a customer of Capital One (IngDirect originally) since 2004. I had their "360 Savings account". Capital One claimed it is a high interest account and rates will fluctuate based on Federal reserve interest rates.

Apparently, some years ago they started a new savings account called "360 Performance Savings" with much higher interest rates. The new Performance savings has a interest rate of 3.4% as of today. While the legacy account is only at 0.3% and it stopped fluctuating with Fed rates many years ago.

So I lost a lot of money over the years as my savings account silently turned into a regular savings account and stopped being a high interest account.

They didn't inform established customers of the new Performance savings account and kept people like me at 0.3%. At a minimum, they should have informed existing customers of this new account type.

I learned about this new account a couple of days ago. This is clearly bad faith behavior by the bank. I am in the process of closing out my account. I can never trust Capital One again. You should not do this to long term customers to make a few bucks.

Search online for "womens money capital one cheated high interest accounts" to find other customers that got cheated the same way.
Yeah. I noticed the same thing and was stuck in a .3% account for a while. Screw them. They are shady. I tried to open a new CD with current funds and they won't let me too, so I moved the money elsewhere.
Reply
Joined Nov 2022
L2: Beginner
> bubble2 78 Posts
18 Reputation
NeatTank3537
02-06-2023 at 03:02 PM.
02-06-2023 at 03:02 PM.
Quote from raychung144 :
Can we open multiple CDs at capital one?
yes. but it's FDIC insured up to $250,000 per depositor regardless of how many CDs you open up.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Oct 2008
L9: Master
> bubble2 4,511 Posts
822 Reputation
warsaws
02-06-2023 at 03:17 PM.
02-06-2023 at 03:17 PM.
Quote from raychung144 :
Can we open multiple CDs at capital one?
I will allow it.
2
Reply
Joined Jan 2007
L2: Beginner
> bubble2 33 Posts
14 Reputation
Big_d
02-06-2023 at 04:49 PM.
02-06-2023 at 04:49 PM.
Quote from steelcurtain59 :
Today agree. My financial planning is laddering treasuries for us. My CD funds are my savings towards a new car I won't need for 23 months when I retire and have to give up my company car. Dave Ramsey has taught me well. Save up, sacrifice and pay cash.
Paying cash is sound advice for people who can't manage a budget and overspend otherwise you are better off using a credit card that gives you 2 to 3% cash back. That's 2 to 3% you wouldn't have if you used cash. Additionally you get to keep your money longer in the bank and earn interest while waiting to get your credit card statement. Dave Ramsey is ok but his advice is really for broke people trying to dig themselves out of a hole
Reply
Joined Mar 2016
L2: Beginner
> bubble2 67 Posts
38 Reputation
Aims0611
02-06-2023 at 05:47 PM.
02-06-2023 at 05:47 PM.
Quote from Big_d :
Paying cash is sound advice for people who can't manage a budget and overspend otherwise you are better off using a credit card that gives you 2 to 3% cash back. That's 2 to 3% you wouldn't have if you used cash. Additionally you get to keep your money longer in the bank and earn interest while waiting to get your credit card statement. Dave Ramsey is ok but his advice is really for broke people trying to dig themselves out of a hole

Agree + you build a great credit history by using credit cards wisely, that can help you get better deals on Mortgage / car loan etc..
Reply
Joined Sep 2017
L3: Novice
> bubble2 270 Posts
38 Reputation
King0fSpades
02-06-2023 at 06:34 PM.
02-06-2023 at 06:34 PM.
Quote from bruce460460 :
This is smart thinking. Repped.
It's common sense.
2
Reply
Joined Oct 2008
L10: Grand Master
> bubble2 8,277 Posts
612 Reputation
DontTaxBeer
02-06-2023 at 06:36 PM.
02-06-2023 at 06:36 PM.
Quote from warsaws :
Is there an actual good reason this is getting thumbs down or just the usual SD trolls?
what are the chances that the interest rate would be higher halfway through this CD?
Reply
Joined Nov 2010
L3: Novice
> bubble2 132 Posts
29 Reputation
theicetiger
02-06-2023 at 06:36 PM.
02-06-2023 at 06:36 PM.
Quote from nomoney4deals :
For anyone that opened the CD at Capital One, remember you have the option of keeping the interest earned each month inside the CD (don't think they do compound) or have the interest earned roll out to your savings account each month. Right now Capital one savings account gives you 3.3 APR interest. So if you have a big porfolio on CD, you can potentially earn more in CD and the the interest from your monthly distribution on the Capital One savings account.
They do compound.
"Compounding and Crediting: Interest on your account will be compounded and credited on a monthly basis."
Reply
Joined Apr 2008
L3: Novice
> bubble2 237 Posts
58 Reputation
djkyle65c
02-06-2023 at 07:34 PM.
02-06-2023 at 07:34 PM.
Quote from KrisPLM :
tldr; Capital One froze the interest rate of older, supposedly "high yield savings accounts" at 0.3%. Basically, they silently converted them to low interest accounts.

I've been a customer of Capital One (IngDirect originally) since 2004. I had their "360 Savings account". Capital One claimed it is a high interest account and rates will fluctuate based on Federal reserve interest rates.

Apparently, some years ago they started a new savings account called "360 Performance Savings" with much higher interest rates. The new Performance savings has a interest rate of 3.4% as of today. While the legacy account is only at 0.3% and it stopped fluctuating with Fed rates many years ago.

So I lost a lot of money over the years as my savings account silently turned into a regular savings account and stopped being a high interest account.

They didn't inform established customers of the new Performance savings account and kept people like me at 0.3%. At a minimum, they should have informed existing customers of this new account type.

I learned about this new account a couple of days ago. This is clearly bad faith behavior by the bank. I am in the process of closing out my account. I can never trust Capital One again. You should not do this to long term customers to make a few bucks.

Search online for "womens money capital one cheated high interest accounts" to find other customers that got cheated the same way.

Same thing happened to me I didnt understand what was going on until i called them and they said they only way to get your higher rate was to open a new account. I closed my account and took my money elsewhere.
1
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2011
L3: Novice
> bubble2 338 Posts
61 Reputation
steelcurtain59
02-07-2023 at 04:11 AM.
02-07-2023 at 04:11 AM.
Quote from Big_d :
Paying cash is sound advice for people who can't manage a budget and overspend otherwise you are better off using a credit card that gives you 2 to 3% cash back. That's 2 to 3% you wouldn't have if you used cash. Additionally you get to keep your money longer in the bank and earn interest while waiting to get your credit card statement. Dave Ramsey is ok but his advice is really for broke people trying to dig themselves out of a hole
I beg to differ. We followed Dave's advice and will retire with 5.5M in a diversified portfolio. I'm fairly confident we can manage money.

Also you can't pay for 80k in cars with a credit card. I tried. The dealerships only allow 5k at most and that's with a lot of begging and pleading. Been there done that.
4
Reply
Page 26 of 52
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.