T-bills worth investing in?
 

I have some money saved up in the bank and with the intest being @ 2.5%, I'm thinking maybe I should invest in T-bills instead. It's pretty risk free. Do you guys think it's a good idea?

Does T-bill even carries interest nowadays? :D

your deposit with your bank has a 100,000 guarantee too, so that is pretty risk free imo

Haha, I dunno. I'm just starting to learn this stuff in finance class and think maybe it's a good way to get more return than letting money sit in the bank.

T-bills are short term and flexible but I think you have to buy it in a large bulk. I don't think the T-bills offered right now can beat a 2.5% annual return. I think it's better if you just leave it in your bank account since you can take it out anytime and sounds like a pretty good return as of now.

what is a T-bill?
which bank has a 2.5% return?

Treasury Bills range from $1,000 to $1,000,000 denominations. I'm also pretty sure that you buy T bills at a discount and then they mature to par which makes up your 'interest'.

I've never purchased one but these are incredibly safe considering it is backed by the gov't lol.

HSBC direct savings account

Interest rate is sliding every month. I have a BMO direct savings account. It went from 2.5% to 1.75%, basically down 0.25% every month.

HSBC is still at 2.5, but it seems like it'll slide soon too.

I think the HSBC direct saving is down to 1.5% right now

Anyone using the tax free saving account from TD? 1.75%

it is safe, if you have the money, and want risk free investment with low intrest, i'd go with t-bill

Treasury bills are generally pretty safe investments
just a low yield

...I wouldn't bother, I would say high int rate savings accounts have made t-bills obsolete. Not only do they not really yield any real return unless you have a lot of money, it is also quite tax inefficient. Then again I'm a fan of being liquid and making more than the inflation rate on my money.