Ask Terry Questions T-bills vs CDs

T-bills vs CDs

By Terry Savage on July 28, 2024 | Chicken Money

I recently heard you speak of investing in T-bills as a safe short-term investment. What if any is the advantage of T bills vs same term/rate CDs? Assume there will be no need to pull this money out thus incurring a penalty. Is there a tax advantage one way or another?
Thank you!

Terry Says

You don’t pay state income taxes on T-bill interest –so that can make a difference if you’re in a high-tax state.

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