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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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I am not doing CDs myself --- not when the most recent 13-week T-bill is 4.76%
I tried going thru fidelity but could'nt understand the upfront discount/ coupon thing.
Given I never buy a t-bill, Is there a catch22 to be looking out for? in terms of losing any portion of principal capital? or paying for some fee/ charge (beside fed tax) when cashing it out ?
Wealthfront is doing 4.05% + .5% for 4.55% for new accounts PM me for info/linky
The seem to be the better with fees etc
Zero account fees
Unlimited fee-free transfers
Up to $2M FDIC insurance through partner banks
No minimum or maximum balance to earn 4.05% APY
I paid $993.11 and will get $1000 on March 28.
That's what it means by buying at a "discount".
Our community has rated this post as helpful. If you agree, why not thank ginger_ale
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
But what I think is better and at least for me, I would do a 17wk T-bill ladder. The 17wk was just added not too long ago. But the upcoming 17 wk high rate yield is approx 4.7% (compared to 4.59% of a 13wk bill).
https://treasurydirect.
Just like what mblock66 mentioned above but add another step to a 17wk like (and you're going to divide your capital into 4 as opposed to 3)..
Assuming you have 20k in this scenario..
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 NO Rollover for 5k
I would buy a 17 week t-bill WITH Rollover for 5k
Then after 4 weeks when that first one comes up, buy another 17 week t-bill with the 5k WITH Rollover.
Then after 8 weeks when the second comes up, buy another 17 week t-bill with the 5k WITH Rollover.
Then after 13 weeks when the third comes up, buy another 17 week t-bill with the 5k WITH Rollover.
This way, you still have access to your 5k each month just like the 13wk strategy while getting the higher yield of the 17wk bill. But either way works..
In contrast though, if you are going to park little money or live in a state with low to no state income tax, the simplicity and convenience of a CD can't be beat.
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Try clicking on the little square by their rep number count OR look for the +Give Rep tab
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
A 12 day note was paying 4.6 some percent today. It matures on 2/28, same day they announce another 4 week T Bill.
Anyways, the interest rates may fall into the 3's sometime this year because Fed said that inflation seems to be doing down.
Best to lock rates for longer terms now. The Fed farm credit loan is giving 5.6% on a 7 year bond. It's a great rate with relatively low risk. Not state tax protected but good investment to buy in a Roth.
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