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Treasury bills are a great option. A 3 month treasury pays over 5% and they are exempt from state income tax. There is not meaningful interest rate risk in a bo
by fshbbdssbbgdd 3y ago
Treasury bills are a great option. A 3 month treasury pays over 5% and they are exempt from state income tax. There is not meaningful interest rate risk in a bond that matures in a few months, but you can still sell before maturity if you need the money. So in almost any scenario you can come up with, it’s better than the savings account.
- paul_grisham 3y agoThe average person has no idea what a treasury bond is. Everyone knows what a savings account is.
- fshbbdssbbgdd 3y agoSure, they sound scary and complicated, but I’m here to tell you that if you have a need to store a six-figure sum of money in a cash equivalent, it’s worth figuring out how to buy a treasury bill from your brokerage to get the most out of your money.
- deleted 3y ago[deleted]