Treasury bills also known as T-bills are securities issued by the United States federal government. The current yield for the 6-month T-bill is 5.42%. At the end the 26 week term all interest is paid out. T-bills are purchased below face value and full face value is paid at maturity. Interest earned on treasury bills is not taxable at the state and local level but is taxable at the federal level.
All treasury rates updated on 2024-05-02 with data sourced from Treasury.gov.