How to buy US Treasury Bills (T-Bills) on TreasuryDirect.gov?

TreasuryDirect.gov is the official Website of The US Department of the Treasury for investors to bid and redeem T-Bills directly.

Any one with a US tax ID can open an account on TreasuryDirect.gov. Here are the steps to place a non-competitive bid for a T-Bill.

1. Login to your TreasuryDirect.gov account.

2. Click the "BuyDirect" tab. You see a list of Treasury Securities offered on TreasuryDirect.gov.

3. Select "Bills - Short-term securities of 1 year or less". You see a list of upcoming T-Bills auctions.

4. Select a 26-week Bill or any one you want.

5. Specify $10,000 as the amount of par value, also called face value, you want to buy and from which bank account you want to withdraw the fund.

6. Submit the bid and wait until the auction date.

7. Login to your account after the auction, and go to "History > Security History". You will see the purchase transaction detail as shown below:

CUSIP: 912797NW3
Type: 26-Week Bill 
Par Amount: $10,000.00 (Face value) 
Purchase Price: $9,789.18

Investment/Interest Rate: 4.319% (BEY - Bond Equivalent Yield)
Yield: 4.170% (Discount rate)
Price per $100: 97.891833

Discount: $210.82

Issue Date: 2024-12-26
Maturity Date: 2025-06-26

You can use our T-Bill online calculator to validate the discount rate and BEY with the purchase price. Click this link "T-Bill 912797NW3 settled on 2024-12-26 with a price of 97.891833", you will see the BEY (Bond Equivalent Yield) of 4.3190% displayed.

Note that non-competitive bids are allways accepted with the highest discount rate determined at competitive auction.

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