Ask Terry Questions T-bills at maturity

T-bills at maturity

By Terry Savage on December 13, 2023 | Chicken Money

Hi Terry,
What do I do when my T-bills mature?
Does the money automatically get put into the original account where is
was deposited from?
Thank you

Terry Says

It will drop back into your bank account linked to your TreasuryDirect account — UNLESS, you go into that account, click on “manage securities” and then click to create an automatic rollover at maturity, in which case the principal will go into new T-bills at whatever rate is set at auction that week. And the interest amount (only interest) will drop into that bank account.

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