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Capital One: 11-Month 360 CD Expired

5% APY
(No Minimum Deposit)
+444 Deal Score
451,067 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
451,067 Views
5% APY
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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 Nov 2008
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> bubble2 689 Posts
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tillo
02-22-2023 at 11:26 AM.
02-22-2023 at 11:26 AM.
Hello...which is a good online brokerage account to buy T-Bills and also for general investing purposes such as Stock/ETF trading? There are so many choices like Fidelity, Merrill, ETrade, JP Morgan etc. that don't have any commissions or fees for online trading. How do we choose?
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Joined Feb 2021
L6: Expert
> bubble2 1,777 Posts
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nyc10036
02-22-2023 at 11:52 AM.
02-22-2023 at 11:52 AM.
Quote from tillo :
Hello...which is a good online brokerage account to buy T-Bills and also for general investing purposes such as Stock/ETF trading? There are so many choices like Fidelity, Merrill, ETrade, JP Morgan etc. that don't have any commissions or fees for online trading. How do we choose?
Many people's employers use Fidelity for 401k.
If yours does, use Fidelity.

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Joined Nov 2008
L5: Journeyman
> bubble2 689 Posts
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tillo
02-22-2023 at 12:37 PM.
02-22-2023 at 12:37 PM.
Quote from nyc10036 :
Many people's employers use Fidelity for 401k.
If yours does, use Fidelity.
Thank you. It's a University and I don't know if they do.
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,777 Posts
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nyc10036
02-22-2023 at 02:03 PM.
02-22-2023 at 02:03 PM.
Quote from tillo :
Thank you. It's a University and I don't know if they do.
I don't know either.
3
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Joined Jan 2015
L1: Learner
> bubble2 4 Posts
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dakaujunk
02-22-2023 at 05:53 PM.
02-22-2023 at 05:53 PM.
Quote from tillo :
Thank you. It's a University and I don't know if they do.
You might wanna watch this youtube video and then decide.
https://www.youtube.com/watch?v=eq68aL3RXxc

Her channel is filled up with lots of info, including how to buy with screenshots for each of the top 4 brokerages.

HTH
Reply
Joined Nov 2008
L5: Journeyman
> bubble2 689 Posts
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tillo
02-22-2023 at 05:59 PM.
02-22-2023 at 05:59 PM.
Quote from dakaujunk :
You might wanna watch this youtube video and then decide.
https://www.youtube.com/watch?v=eq68aL3RXxc

Her channel is filled up with lots of info, including how to buy with screenshots for each of the top 4 brokerages.

HTH

Thank you for the link.
Reply
Joined Dec 2007
L6: Expert
> bubble2 1,075 Posts
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malibuxboy
02-23-2023 at 10:12 AM.
02-23-2023 at 10:12 AM.
do what you want. you can use treasury for a higher yield with no state\local tax.
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Joined Apr 2009
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> bubble2 1,133 Posts
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lburgguy
02-23-2023 at 10:14 AM.
02-23-2023 at 10:14 AM.
Quote from malibuxboy :
do what you want. you can use treasury for a higher yield with no state\local tax.
Exactly! T-bill expiring 3/24 is yielding 5.08 ytm. State tax free.
Reply
Joined Jul 2008
You can call me "Al"
> bubble2 18,305 Posts
38,677 Reputation
MsGal
02-23-2023 at 10:26 AM.
02-23-2023 at 10:26 AM.
Quote from malibuxboy :
do what you want. you can use treasury for a higher yield with no state\local tax.

Or just move to Florida. lol
1
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Joined Jul 2008
You can call me "Al"
> bubble2 18,305 Posts
38,677 Reputation
MsGal
02-23-2023 at 11:13 AM.
02-23-2023 at 11:13 AM.
Quote from malibuxboy :
id rather pay the taxes. trash state.
To each his own. I lived in Mississippi for several years and between the state taxes, tax on food, drugs, and medical services, and the OUTRAGEOUS cost of car tags.... yeah, no, thanks. I'll take Florida.


Thanks again to the OP of this deal. I have now purchased four of these CD's. Whee
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Joined Apr 2009
L6: Expert
> bubble2 1,072 Posts
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VNlilMAN
02-23-2023 at 12:43 PM.
02-23-2023 at 12:43 PM.
Ally is 5% for 18 months.
Also fyi for those touting ibonds. The next projected rate is like 2.5% or something like that. 6.9% (whatever we're at) + 2.5% divided by 2 = approx 4.7% interest for 1 year.
ibonds are still ok, but not sure bet it used to be a year ago.
Reply
Joined Nov 2013
L5: Journeyman
> bubble2 552 Posts
148 Reputation
DarrinH7785
02-23-2023 at 01:33 PM.
02-23-2023 at 01:33 PM.
Perfect. I already have a Capital One account and was able to transfer some money from that account into the new 11 Month CD account with only a couple of clicks. Thanks.
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Joined May 2012
L2: Beginner
> bubble2 24 Posts
10 Reputation
archygos
02-23-2023 at 04:34 PM.
02-23-2023 at 04:34 PM.
5% on checking equivalent too at https://juno.finance.
5% bonds that are redeemable any time at Worthy Bonds.
20-30% farming on stablecoins if you look around a bit and are willing to take different risks.

Opportunities are out there. Locking yourself in at a rate below inflation in a time when "but inflation is increasing less" is considered an optimistic statement is not an opportunity.
2
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Joined Oct 2003
I'll Take Ten
> bubble2 1,896 Posts
270 Reputation
x10
02-23-2023 at 07:25 PM.
02-23-2023 at 07:25 PM.
Quote from low_ball_88 :
Another option is JPMorgan Equity Premium Income ETF (JEPI). Yield is 11.68%. No guaranteed that it could sustain the yield nor ETF price decline.
Was going to suggest the same thing. Pays about 1% monthly.
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