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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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https://www.alliantcred
https://www.alliantcreditunion.or...ertificate [alliantcreditunion.org]
I just signed up with Fidelity (initially for t-bill reasons), and I am seeing a 5.25% CD 1 year there under CDs (New Issues)!!! How come nobody's talking about that? LOL. Wouldn't that be better than doing this 11 month 5% APY with Capital One?
Next weeks 4/8 week auction won't show up on Fidelity's site until like Tuesday/Wednesday.
EDIT: To put a finner point on this I doubt any brokerage firm will list a Treasury auction before its Announcement Date
Which can be found here: https://home.treasury.g
I just signed up with Fidelity (initially for t-bill reasons), and I am seeing a 5.25% CD 1 year there under CDs (New Issues)!!! How come nobody's talking about that? LOL. Wouldn't that be better than doing this 11 month 5% APY with Capital One?
I just signed up with Fidelity (initially for t-bill reasons), and I am seeing a 5.25% CD 1 year there under CDs (New Issues)!!! How come nobody's talking about that? LOL. Wouldn't that be better than doing this 11 month 5% APY with Capital One?
Not saying it's a bad deal, I doubt it'll get called. I live in a state with state income tax, so the ~5.15% yields on T-bills are more attractive.
Maybe it's easy for me because I already have a brokerage account and have been trading stocks for decades, but I don't get what's so hard about T-Bills. Honestly, it's way more trouble to open a bank account/CD than it is to trade T-Bills if you already have a brokerage account.
Explanation [etf.com]
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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
T-bills don't pay interest, you (are supposed to) purchase them at a discount. Any chance you bought a note/bond that just happens to be close to maturity? They would include a final interest payment at maturity.
Maybe it's easy for me because I already have a brokerage account and have been trading stocks for decades, but I don't get what's so hard about T-Bills. Honestly, it's way more trouble to open a bank account/CD than it is to trade T-Bills if you already have a brokerage account.
schwab doesnt seem to have tbills at auction, just secondary market?
Explanation [etf.com]
xhlf eft (6month tbill) seems like a MUCH easier way to go!
schwab doesnt seem to have tbills at auction, just secondary market?
Schwab does support tbills at auction. There is a seperate "New Issues" section below the rate chart in the Fixed Income section.
(duplicate post)
T-bills don't pay interest, you (are supposed to) purchase them at a discount. Any chance you bought a note/bond that just happens to be close to maturity? They would include a final interest payment at maturity.
i picked the highest apr tbill offered on schwab that matures in 2 months.
apparently i bought a 7yr tbill on the secondary market that matures on 4/30/23.
i think it pays 1.625% interest.
so i think i'm going to make $20 on it?
$20 profit on $10k in 2 months is waaaaaaaay less than the 4.8% apr advertised for it.
soooooo confused!
Schwab does support tbills at auction. There is a seperate "New Issues" section below the rate chart in the Fixed Income section.
dont see tbills
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dont see tbills
Watch this: https://www.schwab.com/content/ho...treasuries