T Bills renewal
If I buy $20,000 in T bills do they also have the 6 months like I bonds and may 1st is the 6 months when I can cash them out and /or overturn them for another 6 months or does the 6 months start when you purchase them
Terry Says
You MUST hold Treasury bills for 6 months (26 weeks) or you can buy 13-week Treasury bills.
You get to give instructions in your TreasuryDirect account as to whether you want the money sent back to your linked bank account at maturity or whether you want them to automatically renew at the then-current rate. You can change your mind, and your instructions, up to a week before they renew.
