T-Bill Maturity and renewals
Terry,
I have 2 Treasury Bill accounts. 1 for $60,000 and another for $40,000.
As of this writing both will reach their 3rd maturity reinvestment’s.
The 60k will come to term on 8-15-24 and the 40k will come to term 10-3-24.
It is my understanding that after 3 times they can not be renewed.
I would like to take these 2 amounts and reinvest again in T-Bills. What must I do to reinvest this 100k back into T-Bills. Is it as simple to just wait for the 60k and 40k are deposited back into my checking accounts and open up 2 new accounts as I did in the first round.
Thank you
Chicken Money Ed
Terry Says
You’ve made a WRONG assumption!! Go back into your TreasuryDirect account and click on the tab that says “manage investments.” Then click on each T-bill, and scroll down to the renewals box. There will be only one renewal left, or perhaps zero. Just insert the number 3 in that box, and it will keep renewing the next 3 times.
You can only renew for 3 times AT ONE TIME– but you can easily extend renewals along the way!
