What are T-Bills and how does it work assuming you have a million bucks?
- fcas80Lv 71 month agoFavorite Answer
A Treasury Bill (T-Bill) is a short-term U.S. government debt obligation backed by the Treasury Department with a maturity of one year or less. Treasury bills are usually sold in denominations of $1,000. However, some can reach a maximum denomination of $5 million in non-competitive bids.
If you have a million dollars you should invest in something with a higher interest rate. But T-Bills are quite safe.