Anyone have experience buying 3-month risk free treasuries? I watched video on it and wanted to get some personal experiences. Are they worth it, i.e, better than leaving your money in the bank?

My understanding of Treasuries has a few things to consider: 1. A fund and actual treasuries are different. A fund is certainly not risk-free as it is perpetually rolling over 2. Direct treasuries often have transaction fees (no experience with this part) 3. Direct treasuries are always risk-free if held to maturity 4. I Bonds currently have higher rates (6.89%) but you lose last 3 months interest if cashed in prior to 5 years. No fees through treasurydirect website

You may also want to consider finding a Savings Account. You can find them now with no fees or requirements at 3.5% and I can't recall if I saw a 4%

Ally Bank has 4.75% No-Penalty 11-Month CD’s right now. Essentially risk and fee free. You can pull out funds and earned interest any time after the first 6 days.

Can you pull out all your money at once?

Marcus by Goldman Sachs is giving 3.75% and if you use a referral link each person gets an additional 1% for 3 months, you then can refer someone else and get the additional 1% for 3 months more per each referral. (If anyone wants a referral PM me)

Can you pull out all your money at once?

Yes.

You can only pull out all your money at once. If you want to leave some in, you need to open a new CD.

Earnings from treasury bills are not subject to state and local income tax, unlike savings accounts and CDs. All are subject to federal tax though

Is ally bank easy to deal with?

I have always found them easy to deal with.