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What interest rate do I earn, and why is it purchased in $100 increments?
What interest rate do I earn, and why is it purchased in $100 increments?
Updated over a week ago

You will see three account holdings in your chart:

1. Yield to Maturity (YTM): The rate of your return if your T-bills are held to maturity. Your YTM is calculated as the weighted average YTM of all your Treasury bills and cash holdings, for all time.

2. Maturity date: The date when you are paid out the face value ($100) of the T-bill

3. Cash: Funds of less than $100 remain as cash in your account. T-bills are purchased at a discount (less than $100) and payout at what is known as par value ($100) at maturity. The difference is your interest. If there is not enough cash to buy another T-bill it will remain as cash and will not earn interest.

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