Short-term interest rates are the highest they've been since the early 2000s. You can plug $1,000 into each of the six Treasury bill durations of one year or under, or whatever combination you prefer. A 5.36% annualized interest rate on a $1,000 bond equals $53.60. Since it's a 1-month bill, you then divide then that by 12 to get the annualized rate. It's unclear where interest rates go from here.

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Persons: Andrew Crowell, Davidson, Crowell, Charles Schwab Organizations: Treasury, D.A, Fed, Vanguard