2006 4-Week T-Bill Rate Update

After reaching a low of 4.624% on September 28th, the rate of the 4-week T-Bill has rebounded a little bit, with the most recent auction on October 10th resulted in a 4.87% APY. While the rate is still lower than what some popular online savings accounts (such as EmigrantDirect and HSBCDirect) currently offer, buying 4-week T-Bill makes sense if you live in a state that has high income taxes as interests earned from T-Bills are exempted from state income tax.

To see what your equivalent APY is, use this calculator at MyMoneyBlog.

Featured Financial Products

• Ready to buy stocks/ETFs with zero commission? Check out the Zecco review and try Zecco Trading to get 10 free trades/month.
• Seeking higher returns for your cash? Take a look at the latest interest rates from leading online banks and find out where to get the most for your money.

Related Articles You Don't Want To Miss

1. 2008 4-Week T-Bill Rate Update
2. 2007 4-Week T-Bill Rate Update
3. 2007 4-Week T-Bill Rate Update
4. Lastest 4-Week T-Bill Rate at 5.243%, Highest of the Year
5. Update: 4-Week T-Bill Equivalent Yield Calculator