Maturity of Tbills
I bought $3,000 in Tbills (4 weeks with turnover of 6 times) total of 24 weeks. At the end of that 24 weeks do I have to do something or will it be then be deposited into the bank account or renewed for another 24 weeks.
Terry Says
Yes, you must go into your TreasuryDirect account, click on your investments, and then on each Treasury bill. There is a spot to give instructions for automatic renewals — up to 6 times. If you fail to give these instructions before maturity, the money will be deposited back into your bank account.