T-Bills
Hi, 2 questions? Which is the best “auction date” and “time date” to purchase T-Bills?
2. Should I reinvest or do just a one time?
Terry Says
Read this: https://www.terrysavage.com/t-bills-beat-cds/
It has all the practical instructions.
You’ll want to buy your T-bills (either 13 week or 26 week maturity) at the NEXT scheduled auction, typically the next Monday after you place your order.
It makes it a lot easier to schedule reinvestments if you put at least 3 or 4 in the box where asked. YOu can always change your mind until about a week before the reinvestment. If you then elect zero reinvestments, the money will drop back into your bank account.
But scheduling automatic reinvestments reduces the risk of forgetting to do so and losing a week’s interest if the money comes back and you have to place a new order.
