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It appears that the current yield on 3 and 6 month t bills is so low that I am actually better off using the Vgd or Fid money market accounts, or buying a 6 month CD. Even though my state tax rate is 9.3 percent and T bills are not subject to state taxes, this still appears to be true. Am I missing something ? This seems very weird.
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t appears that the current yield on 3 and 6 month t bills is so low that I am actually better off using the Vgd or Fid money market accounts, or buying a 6 month CD. Even though my state tax rate is 9.3 percent and T bills are not subject to state taxes, this still appears to be true. Am I missing something ? This seems very weird.

I don't think it is wierd. There are different markets at work. Even high state taxes only make a difference of a few basis points (in your case around 40 basis points).
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No. of Recommendations: 0
It appears that the current yield on 3 and 6 month t bills is so low that I am actually better off using the Vgd or Fid money market accounts, or buying a 6 month CD. Even though my state tax rate is 9.3 percent and T bills are not subject to state taxes, this still appears to be true. Am I missing something ? This seems very weird.
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You're not missing much. It IS weird. Short term rates are kind of weird right now.

I don't go shopping at a lot of banks for CDs right now.
But at my regular bank, the MM index account is better than the short-term CDs, except for an odd-term 7-mo. CD.

The last CD I bought was a 3-mo. CD from Washington Mutual, thru my brokerage acct. at Fidelity.

Bill
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