>Savings account: 0.55% APY >4-week Treasury bill: 2.392% APY Is there anything stopping me from just dumping all my savings in 4-week Treasury bills? Are there transaction fees that get rid of all the profit? Am I missing something here? Or is this free money ust waiting for me to take it?

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Anonymous Sat Jan 26 09:09:31 2019 No.12558486 [Reply] [Original]

>Savings account: 0.55% APY
>4-week Treasury bill: 2.392% APY
Is there anything stopping me from just dumping all my savings in 4-week Treasury bills? Are there transaction fees that get rid of all the profit? Am I missing something here? Or is this free money ust waiting for me to take it?

>>	Anonymous Sat Jan 26 09:17:10 2019 No.12558527 >>12558486 yes, it is free money. i use the ETF $BIL (1-3mo treasuries) instead of a savings account

>>	Anonymous Sat Jan 26 09:17:11 2019 No.12558528 >>12558486 nope. the banks aren't trying to move interest rates for savings accounts too much. buy some gov bonds from TreasuryDirect (no fees)

>>	Anonymous Sat Jan 26 09:21:04 2019 No.12558539 someone ELI5

>>	Anonymous Sat Jan 26 09:22:00 2019 No.12558546 >>12558486 Dicsover and other Banks have savings accounts which have interest rates close to T bills.

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