I purchased short term treasury bills (4 week and 8 week) from treasury direct and selected the option to reinvest it multiple times so that I'm not locked in if I need the funds for something. I know the APR interest rate for shorter terms are lower in general. However, am I actually losing a lot more than the advertised annual rate?
It's unclear to me, if the t bills are rolled into the next one seamlessly or if there are gaps between the day the t bill matures to it actually getting reinvested.
Submitted November 23, 2022 at 02:42AM by ynotplay https://ift.tt/Bl4ptIv
