Lastest 4-Week T-Bill Rate at 5.243%, Highest of the Year

The auction of last week's 4-week T-bill set the rate at the highest level of the year. Even without considering the equivalent taxable yield, the rate of 5.243% APR almost matches what GMAC bank has to offer (5.30% APY with $500 initial deposit). 

At 5.243% APR, the annual percentage yield (APY) is 5.37%. Since interestes earned from T-bill are exempted from state taxes, my equivalent taxable APY (EAPY), with 6.37% NJ state tax rate, is 5.74%.

To see what's your EAPY, click here. I also had a post on how to set up repeat purchase at TreasuryDirect and like your TreasuryDirect account with your high-yield savings account, such as HSBCDirect.

If you enjoy reading this post, subscribe the RSS feed.

Related Articles You Don't Want To Miss

1. 2007 4-Week T-Bill Rate Update
2. Year-to-Date 4-Week T-Bill Rates and Current Online Savings Rates
3. 2006 4-Week T-Bill Rate Update
4. 2008 4-Week T-Bill Rate Update
5. Update: 4-Week T-Bill Equivalent Yield Calculator
6. 2007 4-Week T-Bill Rate Update
7. 4-Week T-Bill Rate Tumbled
8. T-Bill Investment Rate: Is it APR or APY? And What Is Your Taxable Equivalent Yield?