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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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of course odds of the fed interest rate dropping below today's rate of 4.75% is slim within 12months and virtually none if the next fed hike is .50%.
of course odds of the fed interest rate dropping below today's rate of 4.75% is slim within 12months and virtually none if the next fed hike is .50%.
Let's say you have $1000 to invest.
With this CD and assuming 5% APY for 12 months, you end up with ($1000 x 0.05) x 0.9505 = $47.525 interest after IL state income tax
If the T-Bill pays more than $47.525 in the same 12 months, you come out ahead.
The most recent 8-week T-Bill was 4.937%
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You'd have to liquidate to cash and then buy the T-Bills.
You'd have to liquidate to cash and then buy the T-Bills.
Just cash I recently transferred from my old company
Thanks!! I'll have to research, many pages on this thread!
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Instead of having 3 13 week bills I will have 6. Based on the state tax savings and the increasing rates it is much more liquid and lucrative to do this.. Glad to see so many of you jumping in on this "almost" inflation neutralizer. 5%+ free is a no brainer. Happy investing all