104
💵 Get Webull (up to 13 FREE Stocks) ➡️ (ends 2/28)
In this video we show you how to buy 6 month treasury bills from Treasury Direct.
Credit Shifu Wallets:
“The content in this video is accurate as of the posting date. Some of the offers may no longer be available.”
Advertiser Disclosure: This site is part of an affiliate sales network and receives
compensation for sending traffic to partner sites, such as CreditCards.com. This
compensation may impact how and where links appear on this site. This site does not
include all financial companies or all available financial offers.
25 comments
Thank you for this video
I believe Ibonds are at 6< % down from 9 last year
If the Republican House doesn't agree to raise the debt limit, then T-Bills and other government obligations will not be paid, as the Federal Government will be out of money.
Treasury Direct sucks. They locked my account after I changed my bank account (old bank no longer exists). I have to wait another 3-4 months for them to process the form I snail mailed them.
0:14 whenever someone says this I ALWAYS say what about bank bonuses effective pays for example if you have a bonus that says deposit $5000 and to keep it there for 3 months and the bonus is just $300 THATS an effective 24.33% APY RISK FREE
Great way to get some extra interest on your money!
Yeah, but you have to hold to maturity to get money back. 6 months. Savings accounts, money markets, may pay less but have daily liquidity. Not the right comparison.
And good luck getting your full money back before maturity if rates keep going up. Not.
Better off laddering if you want safety and can hold to maturity.
And interest income earned by treasuries are not taxable for state income tax purposes, so residents of high state income tax states benefit from that.
Fyi… Cap1 has an 11month CD at 5% right now.
Silly video
Didn’t mention the other benefit with TBills is no state tax which you need to pay with a savings account or CDs
Stick to credit cards
I’d recommend doing it through Charles Schwab. It’s free, more accessible and customer service is much better. The treasury yield is identical (source: I do this for a living)
Buying treasury bonds at 5%+ interest rate, well it aint good when the inflation rate would be above 8%. It's like buying dividend stock but the stock value is tanking.
What about jepi?
Hey Ben, could you do a detailed review of RedNeck bank? They look really good
Why not just go for the 8 week bonds? If you round downwards, you get 4.5% in 8 weeks.
If the reward ends up being 4.5% every 8 weeks, for the next 24-28 weeks, you made 13.5% in a 24 week period.
Why not just do that? Have the money reinvested if you don’t pull it out after the 8 weeks?
What are the penalties for withdrawal say 4 months instead of 6?
I believe banks deposit their clients' money into these t-bills and earn money on the difference.
"Blessed are those who can give without remembering and take without forgetting." _Anonymous
"Blessed are those who can give without remembering and take without forgetting." _Anonymous
T bills also are exempt for state and local taxes.
"If you can't explain it simply, you don't understand it well enough." __Albert Einstein
Are ibonds completely different. I know that there’s no interest. So you just cash out at the end of the year? As opposed to tbills/notes and bonds where there’s actually interest?
Hi Ben! I came across Onyx Debit Card recently. You have to pay monthly to have the card. Benefits look good. Would be interesting to know your opinion.