How to Buy a Certificate of Deposit: Capital One 5% CD

How to Buy a Certificate of Deposit: Capital One 5% CD! - In this video I go over the requirements for setting up a Capital One CD account. I then go over the entire purchasing process so that you can see which prompts are given and the decisions that need to be made when buying a CD. I also go over the important items to look out for to ensure a safe high yield savings from the CD.

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#bestcdaccounts #highyieldsavingsaccount #investing101 #investingforbeginners #passiveincome #bestbankaccounts #capitalone

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LET'S CONNECT:

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All opinions expressed by Brian are solely provided as content. Do not treat any opinion by Brian as gospel that needs to be recreated. Brian is not a fiduciary or financial advisor. All financial topics are for illustration where the outcomes are not guaranteed or expected. There exists real risks in all forms of investment, so do your homework and make your own decisions.

[tonyhernanandez]

I really appreciate you giving a complete breakdown how to do it step-by-step this is my first time doing it. Your doing a great job by serving the community and helping others.

[UF]

I had a very interesting finding that if you chose to deposit your interest monthly into your savings/other account than the CD itself you will get less interest than the advertised 5% since those interest could be spent or withdrew prior to maturity date and won't be compounded monthly. But they don't disclose that when you choose the option.

[KevinW]

I just found your channel and had been considering a CD and this pushed me to go ahead and do it. It was very simple to setup. I have worked in IT for over 30 years and Capital One's site is pretty well done. There are some quirks like with choosing a userid though. I plan to check out some more of your channel.

[garlandstyle]

Wow. Watching this informed me better about CDs. I just made $4, 800+ over the next year and a half! 😃

[sulena]

I honestly knew nothing about CDs this was super informative. Thank you 🙏🏽

[billk]

Thanks for this video. Actually have been looking at Capital One CDs. This explains a lot. I was concerned about doing this on line, but It appears to be easy and safe.

[rachelchavez]

This was extremely helpful information. Thanks so much for sharing your wisdom with us!

[mok]

Capital one has bad wording with the 360 checking promos too

[lowcarbbaker]

Thank you so much for posting this video! I am in the process of sharing it.🙂

[nyameyen.]

Thank you. My problem with CD is that it is Federally and State taxed. What do you suggest would be the most tax sheltered short-term investment.

[johnever]

thank you Brian .. i have always wanted to learn about purchasing CD's and Investing, , I am not very trustful of investing on websites but it seems that its safe .. thanks again .

[jaysoldja]

I'm doing mine this Monday, thanks for the great info.

[FishAdvisor]

These videos contain great information! Subbed!

[jimmydaves]

Great video and glad I discovered your channel! My situation - I retired a few months ago and Social Security doesn't really cover my monthly expenses. I have no investment knowledge and have just kept my money in a checking account (earning .1%). What I would like to do is find a CD like Capital One's and have interest paid out monthly back to my checking account to give a boost to my SS monthly payments. However, I'm concerned that if I do monthly interest - it won't add up to the money I would make if I made it an "Annual" payout at 5.0%. Any thoughts on this?

[javisking]

Super impressed by your work. Thank you for what you do!

[corpoaxisallies]

Great video! Thought about doing this also with 100k, but I just saw primis bank offering 5.03 apy and it’s a savings account. Need to do some research though

[davidsine]

After the CD purchase procedure is complete, is it possible to go into the CD at a later date and change and or view the previously selected options? Specifically to change the final maturity payout options. Thanks Brian

[rustynail]

I just backed out for the same reason and went with a different bank.

[mollanegash]

$70k deposited after watching this video!

[EricValentin-mcxf]

Hey Brian good afternoon from New York City 6:52 p.m. I got Capital One CD also I got social security SSI I want to save money also I got my first credit card I want to build up my credit so security will find it stopped my checks I get a check every month I do not want hiding in my room so I put it my my saving account my checking account social security saying $2, 000 in my checking if I go over don't stop my check do you find out for me please