At this time, no. Treasury bills that mature are automatically reinvested in the next issuance of the Treasury bill that matches the same term. You can withdraw a partial or full balance at any time at which point your Treasury bills will be liquidated and cash will be distributed to you.
To withdraw a Treasury bill at maturity, place a sell trade the business day prior to the maturity date, between 10 a.m. - 5:30 p.m. EST. Note that trades are not available on the weekend or bond market holidays.
For further questions please reach out to our member support team via in-app chat or email at support@public.com
Disclosures:
© Copyright 2023 Public Holdings, Inc. All Rights Reserved.
U.S. Treasuries ("T-Bill") investing services on the Public Platform are offered by Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s FINRA BrokerCheck and Form CRS for further information. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the "Treasury Account").
JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value, and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. Although T-bills are considered safer than many other financial instruments, you could lose all or a part of your investment. See Jiko U.S. Treasuries Risk Disclosures for further details.
Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.
Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank.
JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.