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Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
451,175 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
451,175 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 Feb 2021
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> bubble2 1,777 Posts
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nyc10036
02-14-2023 at 03:25 PM.
02-14-2023 at 03:25 PM.
Quote from cubsoxbull :
Does anyone know how long Capital One holds your money before they add the funds to the cd ? They took the money via ach, out of my non capital one account on Friday and doesn't show available yet.
https://www.capitalone.com/help-c...fer-times/
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Joined May 2010
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> bubble2 113 Posts
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master555
02-14-2023 at 03:33 PM.
02-14-2023 at 03:33 PM.
My father in law has company business account in Bank of America. Technically can he open CD or savings account and transfer to capital one?
Reply
Joined Feb 2013
L3: Novice
> bubble2 479 Posts
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Slammed01
02-14-2023 at 09:13 PM.
02-14-2023 at 09:13 PM.
Glad to see interest CD up!
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Joined Nov 2014
L7: Teacher
> bubble2 2,180 Posts
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TurtlePerson2
02-15-2023 at 09:35 AM.
02-15-2023 at 09:35 AM.
I bought a 1 year treasury bill yielding 5.01% this morning. Given the greater liquidity of treasuries compared with this CD (you'll forfeit all interest if you pull your money out early), I don't think there's a good reason for someone to pick this CD over treasuries. While this wasn't a bad deal when it was first posted, it's no longer compelling now as rates have continued to march upward.
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Joined May 2010
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> bubble2 113 Posts
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master555
02-15-2023 at 02:57 PM.
02-15-2023 at 02:57 PM.
Quote from TurtlePerson2 :
I bought a 1 year treasury bill yielding 5.01% this morning. Given the greater liquidity of treasuries compared with this CD (you'll forfeit all interest if you pull your money out early), I don't think there's a good reason for someone to pick this CD over treasuries. While this wasn't a bad deal when it was first posted, it's no longer compelling now as rates have continued to march upward.
What's the max dollar you can buy on treasury
Reply
Joined Mar 2006
L5: Journeyman
> bubble2 766 Posts
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bdsits
02-15-2023 at 02:59 PM.
02-15-2023 at 02:59 PM.
Quote from TurtlePerson2 :
I bought a 1 year treasury bill yielding 5.01% this morning. Given the greater liquidity of treasuries compared with this CD (you'll forfeit all interest if you pull your money out early), I don't think there's a good reason for someone to pick this CD over treasuries. While this wasn't a bad deal when it was first posted, it's no longer compelling now as rates have continued to march upward.
where did you buy this and is it still available? i do not see it on fidelity.
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Joined Feb 2021
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> bubble2 1,777 Posts
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nyc10036
02-15-2023 at 03:14 PM.
02-15-2023 at 03:14 PM.
Quote from bdsits :
where did you buy this and is it still available? i do not see it on fidelity.
I am not sure where he is buying a 1-year T-Bill today unless it is on the seconday market.
The next auction for a 52-week T-Bill is not until February 21.
The last auction for a 52-week T-Bill was January 25.

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Joined Sep 2003
Worlds Most Modest Man
> bubble2 19,107 Posts
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beowulf7
02-15-2023 at 03:26 PM.
02-15-2023 at 03:26 PM.
Quote from nyc10036 :
I am not sure where he is buying a 1-year T-Bill today unless it is on the seconday market.
The next auction for a 52-week T-Bill is not until February 21.
The last auction for a 52-week T-Bill was January 25.
I'm not the guy who bought that T-Bill, but I'm the guy who posted a screenshot of the 5.01% rate in post #543.
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Joined Feb 2021
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nyc10036
02-15-2023 at 03:33 PM.
02-15-2023 at 03:33 PM.
Quote from beowulf7 :
I'm not the guy who bought that T-Bill, but I'm the guy who posted a screenshot of the 5.01% rate in post #543.
Thanks.
When I click on the 5.01% and log in, I get taken to secondary market T-Bills.

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Joined Sep 2003
Worlds Most Modest Man
> bubble2 19,107 Posts
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beowulf7
02-15-2023 at 03:38 PM.
02-15-2023 at 03:38 PM.
Quote from nyc10036 :
Thanks.
When I click on the 5.01% and log in, I get taken to secondary market T-Bills.
Yes, it would be secondary markets. Today it's showing 5.02% for a 12- month TB.
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Joined Nov 2014
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TurtlePerson2
02-15-2023 at 04:15 PM.
02-15-2023 at 04:15 PM.
Quote from master555 :
What's the max dollar you can buy on treasury
You can buy as little as $1000 and as much as $1T. There's no limit on how many treasury bonds you can buy. Note that these aren't Series I bonds that you heard about last year.
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Joined Nov 2014
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TurtlePerson2
02-15-2023 at 04:16 PM.
02-15-2023 at 04:16 PM.
Quote from micro :
I use Treasurydirect for T bills. If I use another broker like fidelity, are their rates better than going directly with the treasury?
The Treasurydirect website is terrible. I use Fidelity, you can buy T-bills at auction or do what I do and buy on the secondary market. Fidelity doesn't charge fees for treasuries.
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Joined Feb 2021
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> bubble2 1,777 Posts
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nyc10036
02-15-2023 at 04:17 PM.
02-15-2023 at 04:17 PM.
Quote from beowulf7 :
Yes, it would be secondary markets. Today it's showing 5.02% for a 12- month TB.
Using the one that matures on 02/15/2024 (CUSIP 912833LQ1) as an example, it says that
the Ask Yield to Maturity is 4.872%.
Where is Fidelity getting 5.02% ?
Reply
Joined Nov 2014
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TurtlePerson2
02-15-2023 at 04:17 PM.
02-15-2023 at 04:17 PM.
Quote from bdsits :
where did you buy this and is it still available? i do not see it on fidelity.
Fidelity Bonds [fidelity.com]

It looks like rates have fallen slightly since this morning, but I still see the 1 year above 5%.
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Joined Dec 2006
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splchevete
02-15-2023 at 04:40 PM.
02-15-2023 at 04:40 PM.
How many times can you deposit before your locked into 11 months
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