What interest rate do I earn, and why is it purchased in $100 increments?

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.

If you have further questions, please reach out to our member support team via in-app chat or email at support@public.com.

Disclosures:

Free trading refers to $0 commissions for Open to the Public Investing, Inc Financial self-directed individual cash brokerage accounts that trade U.S. listed securities via mobile devices. Relevant SEC & FINRA fees may apply. Please see our Commission and Fee Schedule.

This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing, Inc is not registered.

Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

All U.S. Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank.

Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.

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