Reinvesting T Bills
A great big “thank you”, Terry for all you do to help us!
I have tried to find the answer to my question on the Treasury Direct web site but have not been successful. When a T Bill matures and you have directed that it be reinvested, where is the “up front” interest money deposited upon reinvestment? I have checked the linked bank, but do not see a deposit listed for the “up front” interest amount.
Again, THANK YOU for helping us who are trying to make the wisest choices for our “chicken money”.
Terry Says
It will drop back into the bank account you linked when you opened your TD account — the same one the funds came out of when you first bought your T-bills. Give it about 3 days to show up — longer this past week because of the Veteran’s Day holiday.
