our new treasury direct account
Terry, we each opened a treasury direct account and submitted purchase requests for 26 week treasury bills. We our looked at our accounts and noted we each had 977.81 taken from our checking. Why not 1000 like our accounts show.
Thanks for your help
Terry Says
That’s because interest on T-bills is paid “up front”! The difference between the face purchase price and the amount they withdrew is your interest!
If you checked automatic renewal at maturity, you’ll see the interest for that next purchase drop into your checking account on the date of renewal (again, up front).
