Better Than the Bank: TreasuryDirect

If you’re tired of low bank savings account rates, consider opening an account with TreasuryDirect.  This will allow you to invest directly in US Treasury securities and earn higher interest rates with no fees.  Best of all, you don’t have to worry about FDIC insurance because the securities are direct US obligations and are guaranteed.  Accounts can be setup in individual names or if you are managing a family trust, that can also be easily setup.  You can invest in any duration of treasury securities.  My current favorite is the 4 week TBill, which are currently yielding close to 2%.

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