Note: Rates are subject to change daily; rates are the daily secondary market quotations on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 8-week, 13-week, 17-week, 26-week, and 52-week) for which Treasury currently issues new bills. Up to Date Rates can be found
here (scroll to bottom of list)
U.S. Government Treasury is offering
Up to 5.499% Coupon Rate (Interest Rate) on
Short Term Treasury Bills which can be
Purchased for a Duration of 4-Weeks-52 Weeks Maturity.
Thanks community member
chunmanc123 for sharing this deal
Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm
Example Current Rates (8/9/23): (Coupon Rates [Interest Rates] change daily):
- 13-Week Maturity: 5.451%
- 26-Week Maturity: 5.499%
- 52-Week Maturity: 5.351%
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Treasury BILLS are currently paying over 5% for various maturity lengths under 1 year. These can be bought through most brokerages even without a TreasuryDirect account.
Treasury BONDS are paying 4% or less and have 20 or 30 year terms.
The 4 week bill ordering opens tomorrow 8/8, the deadline to buy it is sometime Thursday 8/10 morning depending on where you are buying it and it settles on 8/15.
On TD Ameritrade, they take your money on the 10th (take it out of the money you can trade with when you hit purchase which can be as early as the 8th) and buy the bill on the 15th during time which you earn no interest. Thus the reason that I stopped buying 4 and 8 week bills at auction. Secondary markets settle the next day so often a better deal. Treasury direct does not take the money from your bank account till the day it settles and Vanguard keeps it in the settlement fund earning interest till the day it settles as well. Not sure about the other brokerage houses. Also, not sure if you rollover the t-bills how the time between redemption and the next auction works as far as any interest you are losing as that is often a week of interest as well.
FYI, if you do the math, 4 weeks for $10,000 usually gets you about $40 in interest for letting them hold your money for 5 weeks.
The Monday auctions for 3 months and six months settle on Thursday so much less time to hold your money for nothing and less redemption downtime.
The money market funds often have repurchase agreements that are taxed at the state and local level but obviously more liquid. Am looking into the ETFs now.
Good luck to everyone!
FYI, to the person who asked about the 100,000 for three months. If you did the 13 week auction today you would get $1338 in interest at the end of the three months. Prorated per annum as per the person who posted above stated
Technically, you would pay $98,662 for the bonds and get $100,000 on November 9th. The difference between what you pay now and what the bonds are redeemed for in November is considered the interest.
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edit: answered
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Treasury BILLS are currently paying over 5% for various maturity lengths under 1 year. These can be bought through most brokerages even without a TreasuryDirect account.
Treasury BONDS are paying 4% or less and have 20 or 30 year terms.
Our community has rated this post as helpful. If you agree, why not thank oonchie
"CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*"
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I'd recommend searching for diamondnestegg on youtube. She has a bunch of very useful videos on how to purchase and where explaining step by step on how to do it.
I never could figure out what the equivalent yield was from those ETFs so just went with a money market fund in which NAV is pegged at $1 and the 7 day yield is advertised.
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It is extremely easy to buy T-Bills once your TD account is set up and you have a bank account for the source of the funding linked.
T-Bills are govt insured, not sure if Fidelity or other brokerages are. That is very important for me.
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It is extremely easy to buy T-Bills once your TD account is set up and you have a bank account for the source of the funding linked.
T-Bills are govt insured, not sure if Fidelity or other brokerages are. That is very important for me.
The 4 week bill ordering opens tomorrow 8/8, the deadline to buy it is sometime Thursday 8/10 morning depending on where you are buying it and it settles on 8/15.
On TD Ameritrade, they take your money on the 10th (take it out of the money you can trade with when you hit purchase which can be as early as the 8th) and buy the bill on the 15th during time which you earn no interest. Thus the reason that I stopped buying 4 and 8 week bills at auction. Secondary markets settle the next day so often a better deal. Treasury direct does not take the money from your bank account till the day it settles and Vanguard keeps it in the settlement fund earning interest till the day it settles as well. Not sure about the other brokerage houses. Also, not sure if you rollover the t-bills how the time between redemption and the next auction works as far as any interest you are losing as that is often a week of interest as well.
FYI, if you do the math, 4 weeks for $10,000 usually gets you about $40 in interest for letting them hold your money for 5 weeks.
The Monday auctions for 3 months and six months settle on Thursday so much less time to hold your money for nothing and less redemption downtime.
The money market funds often have repurchase agreements that are taxed at the state and local level but obviously more liquid. Am looking into the ETFs now.
Good luck to everyone!
The 4 week bill ordering opens tomorrow 8/8, the deadline to buy it is sometime Thursday 8/10 morning depending on where you are buying it and it settles on 8/15.
On TD Ameritrade, they take your money on the 10th (take it out of the money you can trade with when you hit purchase which can be as early as the 8th) and buy the bill on the 15th during time which you earn no interest. Thus the reason that I stopped buying 4 and 8 week bills at auction. Secondary markets settle the next day so often a better deal. Treasury direct does not take the money from your bank account till the day it settles and Vanguard keeps it in the settlement fund earning interest till the day it settles as well. Not sure about the other brokerage houses. Also, not sure if you rollover the t-bills how the time between redemption and the next auction works as far as any interest you are losing as that is often a week of interest as well.
FYI, if you do the math, 4 weeks for $10,000 usually gets you about $40 in interest for letting them hold your money for 5 weeks.
The Monday auctions for 3 months and six months settle on Thursday so much less time to hold your money for nothing and less redemption downtime.
The money market funds often have repurchase agreements that are taxed at the state and local level but obviously more liquid. Am looking into the ETFs now.
Good luck to everyone!
For me, the advantage of some degree of security with the govt at TD outweighs the slight loss of interest at the non-FDIC insured sources.