Most straightforward way to buy T-bills?

[Ted King]

The subject header pretty much says it. I've got a fair size chunk of money I've decided to put into Treasury Bills, but I'm not sure about what the best way is to get them. Are there usually fees involved that you have pay someone to purchase the bills? I called my credit union and a local bank where we have our safe deposit box and account for our mortgage payment, but neither of them sell Treasury Bills "over-the-counter".

[jawg]

http://www.treasurydirect.gov

[archipirata]

Call the Chinese and see if they have a few extra. The own most of them anyway.

[mattkime]

curious why you're choosing that over a money market savings account.

[DP]

I know a really great charity for that fair sized chunk...

[tenders]

He wants a higher yield, doesn't need daily liquidity, doesn't expect rates to go up soon, and may perceive Treasuries as safer than money markets.

[Ted King]

tenders wrote:
He wants a higher yield, doesn't need daily liquidity, doesn't expect rates to go up soon, and may perceive Treasuries as safer than money markets.

:boink:

[Ted King]

DP wrote:
I know a really great charity for that fair sized chunk...

Well, we have charity chunks and we have savings chunks. I want one chunk of the savings chunks to be a safer investment than our other savings chunks.

[Ted King]

jawg wrote:
http://www.treasurydirect.gov

I had seen that when I did a Google search, but I wasn't sure it was the most straightforward way to buy T-bills. Thanks.

[mattkime]

ing direct yields 1.10%, you gotta be lock up that money for more than 3 years to do better than that.