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Does Capital One Issue Gold and Silver IRA Plans?

When you think of Capital One the first thing that comes to mind is probably either banking, credit cards, or loans. As a financial institution, this is what they specialize in after all.

But does Capital One issue gold and silver IRA plans?

Let me just go ahead and answer that for you: no, they don’t.

If you’re purely interested in starting a gold or silver IRA, Click Here to check out Regal Assets for more information.

I’ll give you a bit more info on that later, but for now; let’s go over the savings and investment options that Capital One offers and whether or not they’re a good fit for you.

Capital One Investment Options

When it comes to savings and investment options Capital One has several to choose from. I’m going to go over the four most prominent options: IDAs, CDs, Money Market Accounts, and Government Investments.

IDAs – An IDA is an Individual Development Account. The idea behind this is that you put a certain amount of money into the savings account and your contribution is matched by various private and public organizations.

An IDA is typically used to fund 3 things:

  • Buying your first home
  • Funding post-secondary education such as college
  • Beginning or expanding an existing small business

Something you should realize here is that starting an IDA isn’t just free money; it is a bit more complicated than that.

People who start an IDA typically also take money management classes so that they can make smart decisions regarding their credit, budget, and savings.

CDs – A Certificate of deposit is similar to a savings account in that you deposit money into the CD and you earn interest on it. However, there are some notable differences.

Firstly money in a CD can not be withdrawn until the account matures. Plans at Capital One vary from a one month to 5 year maturation date.

That may sound like a major drawback but to offset this CDs have a higher interest rate than a typical savings account. So while you can’t take money out of the account early, you will earn more interest on it.

Because of these factors a CD is only good if you’re looking to save up for a major purchase in the future or if you are certain you won’t need access to your money during the term of the CD.

Money Market Account – This type of savings account is somewhere between a CD and traditional savings account in how it functions.

With a Money Market Account you typically get higher interest rates than a standard savings account but unlike a CD you can access your money when you need it.

The catch here is that access to your account is very limited; typically only 3 to 6 withdrawals a month.

A Money Market Account can be a good option if you want higher interest rates than a standard savings account but don’t want to lose complete access to your money for months or years at a time.

Government Investments – Capital One offers two types of government investment options:

US Savings Bonds

  • Earns interest for up to 30 years
  • Interest is subject to federal income tax
  • May defer taxes on the interest until they are cashed

US Treasury Bills

  • Mature in one year or less
  • Interest is subject to federal income tax
  • Sold at a discount then you are paid full value at maturation

As you can see, Savings Bonds are better for long-term investments while Treasury Bills are better for short-term investments.

Setting up a Gold and Silver IRA

Due to the fact that financial investments and savings plans are very vulnerable to economic fluctuations, hyperinflation, and the fact that the US dollar is losing value, gold and silver IRAs are becoming much more popular these days.

In contrast to financial assets, gold and silver tend to increase in value during times of economic hardship, giving them a clear advantage in today’s volatile economy.

If you want to protect your savings with a gold or silver IRA, my top recommendation is Regal Assets, an official precious metals IRA company.

Regal Assets specializes in showing you how to set up your IRA so that you don’t lose your savings in today’s troubled economy.

They can even show you step-by-step how to rollover your existing IRA, such as a 401k plan, into a more secure gold or silver IRA.

Regal Assets is offering a FREE gold IRA kit that contains:

-Information on buying and selling precious metals
-How precious metals IRA can protect your savings against inflation
-A coupon for free FedEx shipping on your next order

GOLD IRA BUYER'S GUIDE

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