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Online CD Accounts + a 10-Month Special CD Rate | Capital One 5.1% APY

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5.1% APY CD from Capital One, 10 month term.

https://www.capitalone.com/bank/c...GiEALw_wcB
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Online CD Accounts + a 10-Month Special CD Rate | Capital One 5.1% APY
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Created 04-22-2024 at 07:20 PM by sfeshaw
in Personal Finance (6) See More Capital One Offers
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Joined Jul 2017
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> bubble2 93 Posts
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JohnRocker
04-24-2024 at 01:21 PM.
04-24-2024 at 01:21 PM.
Quote from BondTrader :
Rate is inline with Bills 10-months out.

But, then again, you can just buy bills and have the ability to sell anytime with advantageous tax treatment.
When you say "Bils" are you referring to Treasury Bills?
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Joined Oct 2013
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ducusin
04-24-2024 at 01:52 PM.
04-24-2024 at 01:52 PM.
Quote from BondTrader :
Of course you can.

0% Balance transfer with a fee of 3% - 5% into a checking account, earn 5.1%, make the minimum payments on the card until your CD matures. Pay off balance on maturity, and make the difference from the financing rate and return on the CD. Interest rate arbitrage.
If the 0% balance transfer has a 5% upfront fee, how do you get any gains when the CD matures in 10 months but is at 5.1% APY?
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Joined Sep 2012
Convexity
> bubble2 293 Posts
BondTrader
04-24-2024 at 01:55 PM.
04-24-2024 at 01:55 PM.
Quote from ducusin :
If the 0% balance transfer has a 5% upfront fee, how do you get any gains when the CD matures in 10 months but is at 5.1% APY?

You earn 0.1% or the difference between the rates. The fee is different at each bank. This isn't a rate play, it's leverage.
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Joined Sep 2012
Convexity
> bubble2 293 Posts
BondTrader
04-24-2024 at 01:55 PM.
04-24-2024 at 01:55 PM.
Quote from JohnRocker :
When you say "Bils" are you referring to Treasury Bills?

Of course.
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Joined Nov 2022
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> bubble2 11 Posts
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faisalbilal
04-24-2024 at 02:24 PM.
04-24-2024 at 02:24 PM.
Citi Bank is a scam, stay away!
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Joined Oct 2013
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ducusin
04-24-2024 at 02:26 PM.
04-24-2024 at 02:26 PM.
Quote from BondTrader :
You earn 0.1% or the difference between the rates. The fee is different at each bank. This isn't a rate play, it's leverage.
Leverage.. as in you can use that CD to get a loan for investing? I'm trying to figure these things out because schooling didn't teach me any of that.
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Joined Nov 2009
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> bubble2 522 Posts
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BigCheapBastard
04-24-2024 at 11:10 PM.
04-24-2024 at 11:10 PM.
Quote from Phegotgame :
Do this in a year
Rates will be lower in a year
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Joined Oct 2006
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> bubble2 612 Posts
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briandang98
04-25-2024 at 04:43 AM.
04-25-2024 at 04:43 AM.
Quote from sfeshaw :
This is my first post. Please let me know what I could have done better. I liked the deal since I opened their savings account back in December for the bonus, which just got paid in April . so rolled original deposit into this CD It seems like a decent rate
For 10 m CD, right now South Western Bank is 5.15%. But I prefer No penalty CD. I just roll over 9 m NP CD Blue Federal CU 5.1%.
At Raisin, they have many products (saving, market, HY CD, NP CD) with different rate, term. The CB website Rxxx offer $50 CB but I did not try it.
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Joined Mar 2019
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SonsOfMogh
04-25-2024 at 02:13 PM.
04-25-2024 at 02:13 PM.
Treasury bonds are better. Or Credit Unions which will give a promo for a deposit along with funding a CD.
Money spent pretty much elsewhere is better
Alliant Credit Union gives 5.15% over 12 months. Min deposit $1000
I have a Capital One account and it's mid at best.
(Not throwing shade on OP)
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Joined Jan 2017
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brownricebran
04-25-2024 at 04:12 PM.
04-25-2024 at 04:12 PM.
You can just grab T-bills from a brokerage, and that way you won't be locked in...since you can sell them on the secondary market.

Also Vio bank gives 5.3% without any commitment ...it's their cornerstone money market account.
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Joined Jan 2017
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brownricebran
04-25-2024 at 04:17 PM.
04-25-2024 at 04:17 PM.
Quote from SonsOfMogh :
Treasury bonds are better. Or Credit Unions which will give a promo for a deposit along with funding a CD.
Money spent pretty much elsewhere is better
Alliant Credit Union gives 5.15% over 12 months. Min deposit $1000
I have a Capital One account and it's mid at best.
(Not throwing shade on OP)
Quote from SonsOfMogh :
Treasury bonds are better. Or Credit Unions which will give a promo for a deposit along with funding a CD.
Money spent pretty much elsewhere is better
Alliant Credit Union gives 5.15% over 12 months. Min deposit $1000
I have a Capital One account and it's mid at best.
(Not throwing shade on OP)
Yes agree this deal below is sicc and then I'd roll it into a high interest savings account or T-bills https://slickdeals.net/f/17403063-capital-one-360-performance-savings-account-earn-up-to-1500-bonus-funds-w-4-25-apy-deposit-20k-100k-new-capital-360-accounts?src=SiteSearchV2Algo1
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Joined Sep 2003
Worlds Most Modest Man
> bubble2 17,779 Posts
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beowulf7
04-25-2024 at 04:36 PM.
04-25-2024 at 04:36 PM.
Or you can get 5.20% for a 9-mo. CD:
https://fixedincome.fidelity.com/...dian-yield
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Joined Sep 2018
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Protege
04-25-2024 at 09:06 PM.
04-25-2024 at 09:06 PM.
buy a 30 year T bond ad lock in 4.7% until the rate drops to 4%. if it does in the net 10 yrs you got yourself ~7%/yr. Far better deal
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Joined Nov 2016
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> bubble2 1,076 Posts
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shigro420
04-26-2024 at 05:32 AM.
04-26-2024 at 05:32 AM.
Quote from briandang98 :
For 10 m CD, right now South Western Bank is 5.15%. But I prefer No penalty CD. I just roll over 9 m NP CD Blue Federal CU 5.1%.
At Raisin, they have many products (saving, market, HY CD, NP CD) with different rate, term. The CB website Rxxx offer $50 CB but I did not try it.
Do you think anyone who could use your advice has any idea what any of that means?
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Joined Nov 2016
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shigro420
04-26-2024 at 05:34 AM.
04-26-2024 at 05:34 AM.
Quote from Protege :
buy a 30 year T bond ad lock in 4.7% until the rate drops to 4%. if it does in the net 10 yrs you got yourself ~7%/yr. Far better deal
Did you miss adding a decimal point to 7%? Don't you mean .7%?
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