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but how do those work. do you have to keep buying them every 6 months, or can you just leave it there while it keeps providing interest at that rate? and will
by pascalxus 8y ago
but how do those work. do you have to keep buying them every 6 months, or can you just leave it there while it keeps providing interest at that rate? and will those rates continue to go up?
mysavingsdirect has for the last 2 or 3 years shown they're commited to staying at the highest rates.
- whitepoplar 8y agoChecking/Savings rates are highly correlated to Treasury yields, so if Treasury yields go down, so will yields on checking and savings accounts. To answer your first question--if you go with Fidelity, they offer an "auto roll" feature which can re-purchase new T-Bills (or any Treasury/CD) at auction, automatically, when existing issues mature. It's completely hands-off: https://www.fidelity.com/fixed-income-bonds/fixed-income-tools-services/auto-roll-program https://www.fidelity.com/fixed-income-bonds/fixed-income-too...