Gov. T-Bills
Ms. Savage how can I invest in 1 month T-Bills on my own without a broker to avoid fees? thank you
Terry Says
You can buy 13 and 26 week Treasury bills directly from the government through the TreasuryDirect.gov website. The minimum investment is $100. And you agree to accept the rate set at the auction every Monday — set by bidders from around the globe, big institutions seeking the safety of short-term U.S. IOUs. The money is withdrawn from your checking account and the interest is deposited there.
You should plan to hold those Tbills to “maturity” in 3 or 6 months, and can specify that you want them rolled over automatically at the next auction after they mature.
If you want even shorter-term duration and liquidity, I suggest you buy a U.S. government money market mutual fund at a place like Fidelity or Vanguard. You can easily open an account with either of them on your own.
