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TwstdSista t1_jabr5rb wrote

A HYSA is a great idea. But avoid Citibank - they have a tendency to freeze your account and withhold your money for many, many months.

A Money Market Fund and/or T Bills at a brokerage are also great options.

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DayShiftDave OP t1_jac8cyf wrote

What am I missing on t bills? Am I reading it correctly I can earn more on a three month t bill than I would for a year on a HYSA?

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TwstdSista t1_jac8xf4 wrote

Technically, no. A T bill yield is annualized, so you'll earn the yield divided by 12 (months) times 3 (months). And the yield might be higher today than it is in three more moths when you buy another, or vice versa.

I keep it simple with a HYSA and MMF. Although I do have some T bills within my HSA.

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