How to Buy Treasury Bills

Rates on short-term Treasury bills are generous, with no risk. Here's a look at how Treasury bills work and how to buy them.

The word "Treasury" with an American flag color pattern on top of a stack of $100 bills, representing Treasury bills.
(Image credit: Getty Images)

While the Federal Reserve was raising rates, yields in the Treasury market rose notably. Now that the Fed has hit a pause point, these higher yields are still here. In particular, short-term investments, such as Treasury bills, have been offering especially high yields. 

Treasury bills, also known as T-bills, have maturity dates of one year or less and are “one of the safest products there is,” said Ken Tumin, founder of DepositAccounts. They are a short-term debt obligation backed by the U.S. Treasury Department, which is what makes them such a safe bet. 

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Emma Patch
Staff Writer, Kiplinger's Personal Finance

Emma Patch joined Kiplinger in 2020. She previously interned for Kiplinger's Retirement Report and before that, for a boutique investment firm in New York City. She served as editor-at-large and features editor for Middlebury College's student newspaper, The Campus. She specializes in travel, student debt and a number of other personal finance topics. Born in London, Emma grew up in Connecticut and now lives in Washington, D.C.