Anyone buy T Bills?

[gentlearts]

Originally Posted by Galeana

My credit union is giving 5.5% on CDs.

What’s the term? We’re at 5.4% for 6 months through Edward Jones.

[Galeana]

Originally Posted by gentlearts

What’s the term? We’re at 5.4% for 6 months through Edward Jones.

5.5% on 6 months or 12 months.

[txfriend]

If your state charges income tax you are better off with T bills, you don't pay state tax but you will with CDs.

[amil23]

Treasury Direct. No fees, $100 dollar increments, can auto-roll for 2 years. I have 3 months of 90 day Bills so money gets back to our savings acct. each month. You can stop auto-roll any time. I don't do auto-roll. I promised DW if something happened to me her money would all be back in 3 months.

[moguldreamer]

Originally Posted by theminnow

You do not have to pay state taxes on T Bills for one. More likely a higher rate on T Bills vs a money market mutual fund. And also safer than a money market mutual fund.

I don't pay state income tax on anything.

[StealthRabbit]

Originally Posted by moguldreamer

I don't pay state income tax on anything.

Wish that was true, but... 50% of my $50k property tax (in 3 income tax free states) goes to state schools.