treasury bills
I have 4-$1000.oo treasury bills I purchased in 2022. They aren’t making any interest so to speak. I would like to transfer this money into a more profitable account. This money will go to my son’s someday. It is chicken money as you have called. Any suggestions will be greatly appreciated. I find the Treasury Direct to be a little mind boggling. thanks
Terry Says
Likely you bought Series I bonds, not Treasury bills. Make sure you know what you own!
If Series I bonds, you should hold them for the full 5 years before cashing them in.
If they were Treasury bills, they would have matured in 6 months from the purchase date, and you would have seen the interest drop into your bank account. So I’m pretty sure you have I bonds. And selling them now would incur 3 months loss of interest, making a bad situation worse. In fact, they are definitely keeping up with inflation, and you can learn more by reading this:
https://www.terrysavage.com/i-bond-update-and-advice/
