The lowest annualised yield as of 8th of December tender was 5.15% and the average annualised yield was 5.23%. 1 month* investment. Read the DMO weekly report for more information.
**Each UK Treasury bill is a fixed investment for around a month, typically 28 days. However, your money will be tied up for a little longer. It will cease to be available for you to withdraw from the cut-off date, usually a Thursday, on the day before we purchase the UK Treasury bill, usually a Friday. On maturity, your money will become available once we receive the maturity value one business day later. Usually the maturity date is on a Friday and you receive the money on the following Monday, so your money may be tied up for 31 days or more.
The value of your investments can go down as well as up and you may get back less than you invest.
Freetrade does not give investment advice and you are responsible for making your own investment decisions. If you are unsure about what is right for you, you should seek independent advice.
Past performance is not a reliable indicator of future returns.
That is what I thought. I don’t see the benefit of treasury bills outside of a tax wrapper. When the tax is taken off then the interest/profit is about 4%. If you have not used all of your interest allowance, would it not make sense to invest in a high rate instant access account and earn a better return.
Yes true if you are looking for a long term investment
However if you are looking for an alternative to a bank which pays nothing, this is brilliant. I am earning zero interest at the moment in the bank so 4% or even 3% will do me fine.
@Narcis / @acamp - FYI under ‘Costs and Charges’ in Treasury tab it still says ‘Free until April 2024’ both in the secondary headline and in the ‘Custody Fee’ area in body text.
