Investors might consider Treasury bills over CDs for better liquidity and tax benefits: Jason BrowneTreasury bills offer higher yields in some cases and are exempt from state taxes.
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Another reason is that Treasurys are exempt from state taxes, which vary, while CDs are not.
Perhaps a third reason, depending on where you bank, is that in many cases the shortest duration Treasurys are paying better rates than CDs.
Yields on 3-month bills are 4.6%, and while some banks are offering similar or slightly higher rates still, many have much less attractive yields.
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Jason Browne, Browne, —, DepositAccounts
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