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re: Capital One 360 Performance Savings - UPDATE: 4.35% APY as of 12/11/23

Posted on 3/14/23 at 12:59 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119994 posts
Posted on 3/14/23 at 12:59 pm to
quote:

Well, what kind of yield are you looking at for a fully taxable HY savings account? A 26 week bill was around 4.75% as of yesterday, plus you don’t pay state or local taxes. Although both are liquid, with the t-bill, I’d make sure that I was comfortable having the money potentially tied up for the full term.



I'm not certain, kind of why the question. If you wanted to park say $50K for a while, which would be better overall, a HY Savings account or some kind of t-bills? I don't need the money to live on, but also don't want to not be able to get it in a reasonable amount of time should I need it. That's what I'm wondering is the best overall bang for the buck.

I made $4 interest in my regular savings account all last year. Looking for better options.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96070 posts
Posted on 3/14/23 at 1:02 pm to
i would get a t-bill from either schwab or fidelity. That way you get the better yield, but worst case scenario if you need to sell it before maturity you could.

Of course, it's possible you may have to sell it at a loss so i'd definitely not park any money in tbills that you think you may need before maturity.

You could also just buy shorter term tbills if you are that worried about it.
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