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Joined Oct 2022
L2: Beginner
> bubble2 29 Posts
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alfin
10-20-2023 at 07:18 AM.
10-20-2023 at 07:18 AM.
Quote from briank642 :
Why pay a management fee when you can buy 1-3 month treasury bills so easily through any brokerage? Simply a convenience fee/ease of use question?
Convenience. I can build my own ladder, or I can pay a very small premium to SGOV to do it for me. With the amount of money I've got in it ($XX,000), the amount I lose to fees is less than my time is worth.

We're talking $12/year for each $10,000 invested.
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Last edited by alfin October 20, 2023 at 07:24 AM.
Joined Aug 2004
L2: Beginner
> bubble2 60 Posts
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gruckenbauer
10-20-2023 at 07:26 AM.
10-20-2023 at 07:26 AM.
Top brokered CDs at Schwab today https://client.schwab.com/app/res...hub/#/home
* 6 month 5.52%
* 9 month 5.68%
* 12 month 5.70%
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Joined May 2022
New User
> bubble2 6 Posts
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Alfonsojgr
10-20-2023 at 07:51 AM.
10-20-2023 at 07:51 AM.
Ive been getting 5.3%+ APY on my 3-month treassury bills. Dont tie your $$ to a long-term CD as interest rates keep going up..my two cents
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Joined Apr 2011
L6: Expert
> bubble2 1,184 Posts
558 Reputation
newbharry
10-20-2023 at 07:54 AM.
10-20-2023 at 07:54 AM.
Marcus is 5.5% savings account... Just savings, not cd
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Joined Jun 2018
L5: Journeyman
> bubble2 807 Posts
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Rajmachawal22
10-20-2023 at 08:07 AM.
10-20-2023 at 08:07 AM.
Are you guys referring to treasury bills or bonds?
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Joined May 2014
L5: Journeyman
> bubble2 663 Posts
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Jimmy_O
10-20-2023 at 08:54 AM.
10-20-2023 at 08:54 AM.
Quote from isaaciaggard :
yes, all these millionaires are here looking at SLICKDEALS…
You might be surprised; everyone likes a deal. Smilie

You get to be a millionaire by saving -- not wasting -- money. And slickdeals has saved me a bunch over the years. Applause
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Joined Dec 2020
L3: Novice
> bubble2 253 Posts
phoshizzlez
10-20-2023 at 09:21 AM.
10-20-2023 at 09:21 AM.
Quote from newbharry :
Marcus is 5.5% savings account... Just savings, not cd
Where do you see 5.5%? I'm seeing 4.40% on their HYSA.
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Joined Feb 2019
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> bubble2 114 Posts
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JayG17
10-20-2023 at 09:21 AM.
10-20-2023 at 09:21 AM.
Quote from newbharry :
Marcus is 5.5% savings account... Just savings, not cd
Current Marcus rate is 4.4% APY. Not sure where you are getting the 5.5% from. Can you provide further details?
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Joined Feb 2019
New User
> bubble2 114 Posts
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JayG17
10-20-2023 at 09:24 AM.
10-20-2023 at 09:24 AM.
Brio Direct Savings, a division of Webster Bank, is providing 5.35% APY which comes to 5.22% on their savings account. A good deal on a savings account without getting your money tied down to any sort of terms. FYI
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Joined Sep 2021
L2: Beginner
> bubble2 66 Posts
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SplendidSquirrel285
10-20-2023 at 10:10 AM.
10-20-2023 at 10:10 AM.
Quote from briank642 :
Where do you see that?

Rates are published daily. You can find them here:
https://home.treasury.gov/resourc...nth=202310

Ok how to buy with no fees? I'm trying to understand and really don't.
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Joined Feb 2011
L5: Journeyman
> bubble2 770 Posts
262 Reputation
actualfactual
10-20-2023 at 10:12 AM.
10-20-2023 at 10:12 AM.
Quote from TurtlePerson2 :
Not a deal! Treasuries are paying more than this for any duration between 1 month and 1 year. Treasuries also aren't subject to state and local tax. Treasuries also can be traded on the secondary market.

Answering three inevitable questions:
Buy treasuries at any brokerage (e.g. Fidelity, Schwab, etc.).
Don't use TreasuryDirect. It's a clumsy platform and offers no advantages over a broker like Fidelity that charges nothing for buying/selling treasuries.
Besdies being a clumsy platform so what? Been using it for years I am used to clumsy. My Schwab investments are overly complex (not bonds)
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Joined Dec 2007
L5: Journeyman
> bubble2 799 Posts
303 Reputation
if200
10-20-2023 at 11:11 AM.
10-20-2023 at 11:11 AM.
Quote from Tamdrik :
That's the "default" investment at Vanguard if you don't put your money anywhere else (their "cash sweep"), and for that purpose, it's actually pretty good compared to other brokers, especially Schwab. Still, you'd be better off putting the money in T-bills.
I would go with VUSXX. 94% treasury bills. Many of the funds have names that make you think they are treasuries but are repurchase agreements and other fairly safe instruments but taxed at the state and local level and not t-bills that are the safest. Paying 5.27% at the moment. I do a t-bill ladder and use this fund for liquidity.

VMFXX currently 26% t-bills and 5.29%
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Joined Dec 2007
L5: Journeyman
> bubble2 799 Posts
303 Reputation
if200
10-20-2023 at 11:18 AM.
10-20-2023 at 11:18 AM.
Quote from gruckenbauer :
Top brokered CDs at Schwab today https://client.schwab.com/app/res...hub/#/home [schwab.com]
* 6 month 5.52%
* 9 month 5.68%
* 12 month 5.70%
Think the 5.7% one year is callable. Often the difference between callable and noncallable is negligible. Brokered CDs are good if you don't need to cash in early and they don't automatically renew. You can also get ones that are longer than a year that pay interest every month. T-bills better for local and state tax free if you live in a high tax state and much easier to sell on the secondary market.
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Joined Nov 2014
L7: Teacher
> bubble2 2,178 Posts
400 Reputation
TurtlePerson2
10-20-2023 at 11:22 AM.
10-20-2023 at 11:22 AM.
Quote from actualfactual :
Besdies being a clumsy platform so what? Been using it for years I am used to clumsy. My Schwab investments are overly complex (not bonds)
I can't speak to Schwab. My experience is with Fidelity and TreasuryDirect.

With TreasuryDirect:
I can't buy/sell on the secondary market.
My funds aren't paid interest unless they're invested in treasuries.
Customer service is terrible and phone service will drive you mad.
The website and interface seem like something from 15 years ago.

With Fidelity:
I can buy/sell on the secondary market.
My funds are paid ~5% interest if they're just sitting in cash.
Customer service over the phone and web chat is great. There are physical locations I could go to if desired.
The website is modern as is the mobile app. I can easily compare various investments including treasuries.

I have no idea why someone would use TreasuryDirect other than ignorance. There's no advantage to it and all kinds of downsides.
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Joined Dec 2007
L5: Journeyman
> bubble2 799 Posts
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if200
10-20-2023 at 11:23 AM.
10-20-2023 at 11:23 AM.
Quote from SplendidSquirrel285 :
Ok how to buy with no fees? I'm trying to understand and really don't.
The treasury thread is very helpful and detailed. You can buy at auction directly from treasury direct or from a brokerage house. Buy and or sell on the secondary market from a brokerage house. Buying you should not have fees. Some charge a fee to sell. Good luck!
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