You pay less than the face value upfront. For example, you might pay $990 for a $1,000 bill.
When the bill matures, the government pays you the full face value ($1,000). The difference is your earned interest. buy t bills directly
Interest is subject to federal tax but is exempt from all state and local taxes. 💻 How to Buy Directly via TreasuryDirect Treasury Bills - TreasuryDirect You pay less than the face value upfront
We sell Treasury Bills (Bills) for terms ranging from four weeks to 52 weeks. Bills are sold at a discount or at par (face value). TreasuryDirect (.gov) Treasury Bills (T-Bills): What They Are and How to Invest 000 bill. When the bill matures