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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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11 from what I see, also referring to CD as not familiar with the other stuff but I like hauranteed money.
This is not investment advice, I have no financial planning certification. I'm just some random person on the internet that happens to have a slickdeals login.
For example. If you buy 1 T-bill face is $1000. But if the rate is like 4.xx% say you purchase that for $985 for 4 weeks. In 4 weeks that t-bill will be worth $1000. It will then roll and buy you one more t-bill for say $985 again. The $15 "discount" will just be left in your cash account. etc etc.
Out of curiosity, how did you come upon your laddering strategy? Have you done this a lot before, or just starting out (like some of the folks on this thread) and just did the math to know that that laddering will yield better than the CD? You already seem pretty experienced with the t-bill laddering thing so I was just curious
Thank your in advance or sharing your insights here!
BUT, let's say, theoretically, t-bills stay around 4.5% "interest/APY" for the next 11 months. Then that means we still earn more from this 5% CD, is that correct?
BUT, let's say, theoretically, t-bills stay around 4.5% "interest/APY" for the next 11 months. Then that means we still earn more from this 5% CD, is that correct?
However, your starting assertion is a bit off
https://www.ustreasuryy
Plus you get to pay state/local taxes on the CD income, unless you live is a zero income tax state.
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no 3 month t-bill ladder so i entered it myself:
-US Treasury BILL 04/11/2023 -> manually buy 3 month tbill at maturity
-US Treasury 1.625% 04/30/2023 -> manually buy 3month tbill at maturity
-US Treasury BILL 06/13/2023 -> have no idea how to auto reinvest
Average APY/YTM 4.74%
How do you auto re-invest tbills in schwab?
buy that instead?
buy that instead?
both a 3month cd ladder vs a 3month t-bill ladder gets Average APY/YTM= 4.74% for both.
but the t-bill is better because it's tax free state?
Downside:
schwab's tbills is secondary market.
for a $9947 tbill expiring 4/30/23 with apr = 4.82% (basically the 2 month t-bill rung in my ladder), i paid $10,006?!
With interest, i'm going to make +$20.
20/10006 = .2% interest for 2 months
.2% x 6 = 1.2% apr is what i'm getting?!
but the total tbill ladder is avg apr = 4.74%. How is that possible if i'm only getting 1.2% apr from the 2month tbill!?
so totally confused
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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