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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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It's a good rate for very short term without tying your money into long term if that's what you need.
You can use any of the online interest rate calculator available to find the amount. There other way to look at it is the value after you buy. You will get a discounted price (price you paid) which will show on fidelity. And on maturity you will have $5000 in your account. The difference is the gain.
Sounds like you buy a T-bill on the secondary market.
There are no 2-week Treasury bills. The shortest duration is 4 week.
Sounds like you buy a T-bill on the secondary market.
There are no 2-week Treasury bills. The shortest duration is 4 week.
https://treasurydirect.
https://treasurydirect.gov/instit...0209_4.pdf [treasurydirect.gov]
I don't see the 12-day T-bill being available on Fidelity's website to purchase today. Maybe it was there yesterday, but it isn't there today.
I don't see the 12-day T-bill being available on Fidelity's website to purchase today. Maybe it was there yesterday, but it isn't there today.
I must be dyslexic.
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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
Also isn't this less attractive because our core positions are now earning 4.18%?
If somebody is of the type that they will keep borrowing and insanely spend and get into trouble, then what you are doing is absolutely the right thing to do - never get into trouble.
However, if somebody is disciplined and pays their bills all the time, then it all boils down to what you earn and what you pay. If a car company is offering me 2.9% for 5 years and I can easily make 2.9% in investments, then all those comments about "pay interest and utlimately pay extra" are not applicable. Obviously, the situation is a bit more complex - if the car company has a rebate in liu of the financing, that has to be included in the calculation. Also interest earned is taxable but interest paid is generally not taken off the taxes. So it is not an easy decision but simply looking at it as paying interest is wrong.
My county charges 2.3% for credit card fees for property taxes. However, if I get a new credit card that has a spend bonus and I can easily meet the spend bonus with the property taxes, it is absolutely worth it if the bonus is big enough. Same thing applies for IRS - there are credit card companies that charge 1.87% for paying IRS by credit card. On surface, that seems bad but if I have a credit card that gives me 2%, then charging to the card is the better option. Bottomline - there should be no black and white rules when it comes to managing money - just do quick thinking to understand what is a better option. Unfortunately - the car thing I mentioned above is not quick thinking but a lot of other things are.
remember to compare, same items not substitutes.
store brand items going up in price is also another tell
this will utterly destroy the housing market even more as no one but cash buyers can buy plus
auto market this locks out 95% of households.
since prices of houses are too high already and not worth the material and land they were built on. van life for 99% of the population is in order.
until landlords go bankrupt then fire sale the properties as they get vandalized to nothing as no one can afford the rent and cities become ghost towns as wages have not kept up with rents/inflation of real necessary goods and services people need to live.
this is a fact not conspiracy. I think you know the truth since slickdeals has near the real cost of items rather than the inflated prices of items.
Also isn't this less attractive because our core positions are now earning 4.18%?
never loan more than short term is the best thing one can do right now no one should be buying any 30 year or even 2 year bonds.
the longest one should buy is at most 1 year ideally 1-3-6 months is best. dont even touch the 1 year.
federal reserve needs to pivot. they are not done yet. pivot is not in order for at least another 1 year. meaning rates will need to go to 5-5.5% at least before any consideration.
IF you see food and housing property prices/rent keep going up then you know feds are not done raising rates. depends on how much landlords are demanding. if they continue inflation then the longer fed rates will be at 5-6% but 5-6% has historically been where it should be anyway.
watch stocks that went into huge debt to do buybacks fail. notice all the fang stonks are meme stonks recently
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