MAY 21, 2018
Don’t let the banks make interest on cash holdings that could be going into your pockets instead.
TreasuryDirect allows you to buy short-term treasuries directly from the government, essentially holding cash while earning exponentially greater interest than the near-zero banks offer in savings accounts.
Six months ago, I alerted readers to the very attractive benefits that the TreasuryDirect program offers to investors who are defensively sitting on cash right now.
Since then, those benefits have continued to improve. Substantially.
Back in November, by holding extremely conservative short-term (i.e., 6-months or less) Treasury bills, TreasuryDirect participants were receiving over 16x more in interest payments vs keeping their cash in a standard bank savings account.
Today, they're now receiving over 30 times more. Without having to worry about the risk of a bank "bail-in" or failure.
For those not already familiar with it, TreasuryDirect is a service offered by the United States Department of the Treasury that allows individual investors to purchase Treasury securities such as T-Bills, notes and bonds directly from the U.S. government.
You purchase these Treasury securities by linking a TreasuryDirect account to your personal bank account. Once linked, you use your cash savings to purchase T-bills, etc from the US Treasury. When the Treasury securities you've purchased mature or are sold, the proceeds are deposited back into your bank account.
ORIGINAL SOURCE: TreasuryDirect Now Pays 30x More Than Your Bank Savings Account by Adam Taggart at Peak Prosperity on 5/18/18