Joined Jan 2010
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Forum Thread
CD Vs T-Bills
February 27, 2024 at
10:14 AM
in
Finance
Thread Details
Last Edited by slicbrat February 27, 2024 at 10:17 AM
I know this question has been asked over & over again 
but I am in a bit of dilemma now. Just received a rate match approved from a local credit union on a 6 month CD at 5.5% and looking at a 26 week T-Bill looks like the rate is hovering at about 5.1% (high rate column, assuming that's what they will pay me at), which brings a difference of about 0.4%
https://www.treasurydir
I also live in a state that charges 4.05% on state income tax. Wondering if I should go with CD over T-Bills in this case?
I should also add that the local credit union actually deposits the interest earned every month into my checking account, which I guess I can reinvest.
but I am in a bit of dilemma now. Just received a rate match approved from a local credit union on a 6 month CD at 5.5% and looking at a 26 week T-Bill looks like the rate is hovering at about 5.1% (high rate column, assuming that's what they will pay me at), which brings a difference of about 0.4% https://www.treasurydir
I also live in a state that charges 4.05% on state income tax. Wondering if I should go with CD over T-Bills in this case?
I should also add that the local credit union actually deposits the interest earned every month into my checking account, which I guess I can reinvest.
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