T-Bills better than CDs

[WendyBG]

Banks are paying virtually no interest on savings accounts and CDs.

Take a look at TreasuryDirect.gov. T-Bills are yielding better. I’m planning to ladder since yields will be rising at least through the rest of 2022 if not more.

Link a savings or checking account. Place your order for a future auction.

https://www.treasurydirect.gov/instit/annceresult/annceresul…

I-Bonds are better than T-Bills but only $10,000 per year per Social Security number.

Wendy

[MarkR]

More recent discussion about T-bills versus CDs. I put it in the Bonds & Fixed Income board instead of in METAR.

Treasury Bills versus CDs

For the last few years, I found that T-bills yielded better than CDs and better than the various cash savings accounts. So I regularly bought T-bills twice each week (of all the various types, 4-week, 6-week, 8-week, 13-week, 17-week, 26-week, and 52-week, and the occasional odd cash management issue) to create an extremely gradated ladder with maturities occurring twice each week. But over the last few months, I noticed that CDs are yielding better than T-bills, so I switched to CDs instead. In…