Treasury bills hit a high note
After years of dismal interest rates, there is finally some good news (for savers, that is).
The 2-year Treasury bond recently hit a nine-year high at a little over 2.3%. For the first time in a very long while, savers can earn a meaningful (if still relatively small) amount of “risk-free” return on cash currently sitting in savings accounts or CDs. You most likely are not seeing these higher interest rates in your bank accounts, since financial institutions are generally slow in raising the amount of interest paid on deposits. We encourage anyone with a significant amount of funds sitting in low yielding savings account to contact us to discuss available options. We may be able to help get you a better return, with little or no additional risk.