A t bill where it says 5.41 return, but if we calculate it is just around 5%. Can anyone please explain. I just bought 60k worth of t bills instead of having it in bank. This is how I calculate (100-99.236)/99.236 * 100 * 365 / 55 = 5.109 % 55 is no of days from purchase date to maturity (Mar 1 to Apr 25) 100 is for percentage Anything I missed in calculation ?why is the return less than 5.41?
Lol, never trust these companies, just buy from treasurydirect!
You use TD?
Many do, it's not that bad as before.
Looks like this is secondary market?
How much did you put into? Can its value go down?
it cannot. you get like around 5% interest average
compounding ? 5% 3 months is really 1.05^4 per year
Your math is wrong. Fidelity says 5.39%
Wheres this pic from. Yes interest rate in etrade akso says that percentage. When i calculate for the right number of days i am investing, it doesnt add up. I have my calculation, please tell me where exactly its wrong
Tech Industry
Yesterday
1824
High pay, meaningless work
World Conflicts
Yesterday
569
Will Israel still exist after 10 years?
India
Yesterday
848
How to invest in India as an NRI?
Tech Industry
Yesterday
1778
Amidst mass layoffs the US govt allows companies to hire Visa Workers without proving they first tried hiring US workers
Was it an auction?
Nope, I am bit new to this. I just bought in trade, doesn't look like auction. How to buy in auction and what is the difference? Basically I just did buy option shown in screenshot
TreasuryDirect has a website. You don't know the price of the tbill when you buy it because it's an auction, if more people show up the interest rate will be lower. You also get a free trip to 90s nostalgia logging into the government website. Don't use the back button