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Minneota, MN | US Treasury bills are a great alternative to a bank CD. Although they are not FDIC insured, they are backed by the full faith of the US government, and if the government defaults on its T-bills, we have bigger problems to worry about!
The advantage of investing in T-bills for Minnesota tax-filers is the interest of US Treasuries is tax exempt from Minnesota income tax. For easy figuring, a tax-equivalent yield on a US Treasury would be about +30 basis points (say the Treasury yield is 4.3%, add .3% to get 4.6% yield--this is the yield to compare to a CD because the CD's interest in Minnesota will be taxed on the state level).
Good luck!
Edited by rangaf 6/26/2025 15:25
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