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Savings accounts always seem to be the better short-term investment. But if you call Treasury Direct and speak with them, they'll tell you the short term T-Bill beats any savings account. I'm not sure what they mean though.

Means whoever you are speaking to doesn't know much. It's not like you would expect someone answering phones at the Treasury to be up on stuff.

I'm sure T-bills beat traditiona passbook savings. My CU is offering 1%.

What has happened is that some on-line banks are now offering savings accounts that are more on par with money markets (sometimes better). This should be perfectly doable with low overhead.
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