I'm trying to understand what return I'll get on 1 month treasury bills. I want to invest in something that has minimal risk, minimal management, and flexibility to get my money out.
I'm looking at this "daily treasury yield curve rates" page:
Say the rate at time of purchase is 0.2%, and I want to buy a $10,000 bill. I believe the actual purchase price would be $9,980, and at the end of the month, I would get back $10,000. This would be a profit of $20 (minus federal taxes). Is that how it works?
I'm reading that short term bills are rarely worth it, but $20 a month is way more than I'd get with the same amount in a savings account at current interest rates.
I'm not sure I'm interpreting this correctly.