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

+11 Deal Score
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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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Created 04-22-2024 at 07:20 PM by sfeshaw
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Joined Sep 2017
L4: Apprentice
> bubble2 335 Posts
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pranrasvij
04-26-2024 at 01:06 PM.
04-26-2024 at 01:06 PM.
fidelity brokered cd much better deals.....imo
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Joined Sep 2017
L4: Apprentice
> bubble2 335 Posts
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pranrasvij
04-26-2024 at 01:07 PM.
04-26-2024 at 01:07 PM.
Quote from pranrasvij :
fidelity brokered cd much better deals.....imo
also doing short durations t-bills getting 5.3x percent
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Joined Sep 2018
L4: Apprentice
> bubble2 466 Posts
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Protege
04-26-2024 at 05:51 PM.
04-26-2024 at 05:51 PM.
Quote from shigro420 :
Did you miss adding a decimal point to 7%? Don't you mean .7%?
no. 7-7.5%/yr depending on if the 20-30 year T bond can go back to 5%. Once I get out of my 8 wk T bill I'm going to buy a 20-30yr to lock in the rate.
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Joined Aug 2011
:)
> bubble2 65 Posts
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pooy
04-27-2024 at 01:37 PM.
04-27-2024 at 01:37 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.

Any math wizards to tell me how much I could make with a 10k transfer at 4 percent fee?
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Joined May 2013
L3: Novice
> bubble2 280 Posts
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fw10001
05-05-2024 at 06:03 PM.
05-05-2024 at 06:03 PM.
Quote from BondTrader :
Sure, but you'll have significant limitations and be limited to new issues.

Otherwise, brokerage is by far the best options. Buy and sell new issue and secondary, and of course invest in other bonds. Easier, and you can see gains and losses in real time.
@Bondtrader If a treasury bill can be bought in lieu of a federal income tax refund check, does one need to create a TreasuryDirect account for that? Or can that be done through a Schwab brokerage account? Thanks!
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Joined Sep 2012
Convexity
> bubble2 299 Posts
BondTrader
05-05-2024 at 06:12 PM.
05-05-2024 at 06:12 PM.
Quote from fw10001 :
@Bondtrader If a treasury bill can be bought in lieu of a federal income tax refund check, does one need to create a TreasuryDirect account for that? Or can that be done through a Schwab brokerage account? Thanks!

Those would require a treasury direct account to be redeemed.
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