2007 Year-to-Date 4-Week T-Bill Rates
As some popular online savings banks recently slashed their rates (GMAC from 5.25% to 5.00%, Citi e-Savings from 5.00% to 4.75%), the rates of 4-week were on the rise, at least in the first month of 2007.
The rate ended 2006 at 4.742% APR. On January 30th, the rate of 4-week T-bill was 4.972%, which equivalents to a 5.45% EAPY for NJ residents. Comparing to the offers from online banks, the T-bill rate is very competitive with two minor drawbacks:
- A minimum of $1,000 purchase
- A holding period of 4 weeks
If you are interested in investing in T-bills, here are some steps on how to make a purchase. You do, however, have to have a TreasuryDirect account which can take up to two weeks to become available after applying online.
This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.
Comments are closed.