T bills
If I buy T bills through Chase, private client, will I get the same rates that I can get from buying them directly from the government.
Terry Says
Not necesssarily, but close. They buy for you in the aftermarket, not at the weekly auction. And the bank likely charges a small fee for this service.
You buy T-bills through TreasuryDirect in your own name, with unlimited insurance. Buying through a bank or the bank’s brokerage division means you are covered either by FDIC or SIPC — and that’s another miniscule consideration if you are below the $500,000 limit.
I urge you to buy direct at the weekly T-bill Auction. Read this:
https://www.terrysavage.com/t-bills-beat-cds-2/
