T-Bill purchase
Hi Terry,
We enjoy and value your information on radio and this site.
I purchased 5k TBill last week and the payment was taken out today from my checking account for just $4881. The site says I have 5k in there. What gives?
Thank you.
Terry Says
You get the interest UP FRONT! (So you can put it in your MM fund and actually earn a bit more!) And if you elected to automatically renew at maturity, the interest will drop in again, the day after the renewal. But if you don’t renew, the entire $5k will drop back into your bank account at maturity.
