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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.
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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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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 Jan 2010
L6: Expert
> bubble2 1,849 Posts
252 Reputation
Dicka24
02-23-2023 at 07:52 PM.
02-23-2023 at 07:52 PM.
You can buy treasury bills from the US Gov for nearly the same 5% atm. Just go to Treasury Direct.
Reply
Joined Nov 2013
L2: Beginner
> bubble2 89 Posts
14 Reputation
cedelson
02-23-2023 at 08:34 PM.
02-23-2023 at 08:34 PM.
If you put in 100k you'll make almost $5,000 in 11 months
Reply
Joined Apr 2015
New User
> bubble2 2 Posts
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tfreed1
02-24-2023 at 01:11 AM.
02-24-2023 at 01:11 AM.
Capital One is currently paying 0.3 percent on their savings accounts. I took most of ours out and put it in Fidelity. Many people probably doing the same. Capital One should raise their savings rates is they want to keep customers.
2
Reply
Last edited by tfreed1 February 24, 2023 at 02:00 AM.
Joined Oct 2013
L1: Learner
> bubble2 20 Posts
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Tiger536
02-24-2023 at 03:50 AM.
02-24-2023 at 03:50 AM.
Quote from tfreed1 :
Capital One is currently paying 0.3 percent on their savings accounts. I took most of ours out and put it in Fidelity. Many people probably doing the same. Capital One should raise their savings rates is they want to keep customers.
That doesn't seem right. The Capital One Performance 360 Savings account is showing 3.40%.
Reply
Joined Nov 2018
L3: Novice
> bubble2 282 Posts
42 Reputation
Thegame956
02-24-2023 at 04:00 AM.
02-24-2023 at 04:00 AM.
Just in case you don't do your research, FDIC only has 200 billion in assets to insure 9 trillion of your money. Sooooo yeah if the banks fail u probably get .01 cent of your money back lol.
3
Reply
Joined May 2022
L2: Beginner
> bubble2 28 Posts
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CoolSink509
02-24-2023 at 04:11 AM.
02-24-2023 at 04:11 AM.
Quote from LanceTX :
They just raised their savings rate yesterday to 3.4%. Only a 10bps increase.

My Capital One savings account is paying 3.75 currently.
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Joined May 2022
L2: Beginner
> bubble2 28 Posts
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CoolSink509
02-24-2023 at 04:21 AM.
02-24-2023 at 04:21 AM.
Quote from tfreed1 :
Capital One is currently paying 0.3 percent on their savings accounts. I took most of ours out and put it in Fidelity. Many people probably doing the same. Capital One should raise their savings rates is they want to keep customers.

My Capital One account is paying 3.75 currently.
Reply

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Joined Aug 2012
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> bubble2 236 Posts
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pyrotalk
02-24-2023 at 04:25 AM.
02-24-2023 at 04:25 AM.
Folks

Whats the CUSIP number for the 4 week T-bills at Fidelity? i only see 3, 6, 12 months.
Do we get a better yield by buying T-bills with coupon?

thx
Reply
Joined Nov 2021
L2: Beginner
> bubble2 37 Posts
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PurpleSparrow636
02-24-2023 at 04:49 AM.
02-24-2023 at 04:49 AM.
Quote from Tiger536 :
That doesn't seem right. The Capital One Performance 360 Savings account is showing 3.40%.
They forced me to close my traditional savings account with them at 0.3%, and open up one of the performance savings accounts to get the 3.4% rate. I was annoyed but it was easy enough to do.
1
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Joined Aug 2011
L1: Learner
> bubble2 197 Posts
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Bwoell
02-24-2023 at 07:31 AM.
02-24-2023 at 07:31 AM.
Quote from tfreed1 :
Capital One is currently paying 0.3 percent on their savings accounts. I took most of ours out and put it in Fidelity. Many people probably doing the same. Capital One should raise their savings rates is they want to keep customers.

CapitalOne 360 Savings account is currently 3.4%.

It's annoying but you need to open a new performance 360 savings accounts and transfer the funds from your old account into the new one.
Reply
Joined Apr 2008
L3: Novice
> bubble2 152 Posts
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carynfish
02-24-2023 at 09:38 AM.
Reply
Joined Sep 2003
Worlds Most Modest Man
> bubble2 19,107 Posts
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beowulf7
02-24-2023 at 11:22 AM.
02-24-2023 at 11:22 AM.
With today's inflation #s that came in higher than expected, you'd think the Fed will continue raising rates, meaning that CD rates will increase as well. Therefore, you may not want to tie up your money for 11-18 months (Ally CD deal is 18 mos.) just yet.
Reply
Joined Jan 2016
New User
> bubble2 12 Posts
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euuser6888119
02-24-2023 at 03:44 PM.
02-24-2023 at 03:44 PM.
Lots of Banks are offering at least 4% on their savings account. Not sure 1% for 11-18 months makes sense unless it's a significant amount and the money is not needed.
Reply
Joined May 2021
L5: Journeyman
> bubble2 966 Posts
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JollyReward108
02-25-2023 at 04:26 AM.
02-25-2023 at 04:26 AM.
If you can wait, CD rates will be higher by June, or just ladder your CDs over the next year.
Reply
Last edited by JollyReward108 February 25, 2023 at 06:19 AM.

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Joined May 2021
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> bubble2 966 Posts
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JollyReward108
02-25-2023 at 04:54 AM.
02-25-2023 at 04:54 AM.
Quote from tfreed1 :
Capital One is currently paying 0.3 percent on their savings accounts. I took most of ours out and put it in Fidelity. Many people probably doing the same. Capital One should raise their savings rates is they want to keep customers.
Yup, after I got the $1K bonus for adding new funds to my 360 acct. I xfer. the balance back to Synchrony for the 3.75%.
I guess Cap. One just doesn't care that everyone is fleeing their Scrooge rate.
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