4.68% this week, same last week.
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Was hoping for a higher rate as bond interest rates going up
Mine still hadn’t moved from an order yet 
4.64% this week I hope the rates don’t drop too much further.
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FYI because some are surprised to see the 1 month bill dropping slowly while all the headlines are about gilt yields ticking up. It is the longer-dated end of the curve which is selling off (i.e. yields are increasing because people aren’t buying them). Especially the 10Y, which is where all the attention is.
As you can see in this graph, the 1 month bill which we are buying through Freetrade has not experience the same kind of sell-off. Either way, you’d expect the 1 month to stay closer to the SONIA overnight rate which in turn will closely track the Bank Rate.
Another aspect to all this which may help the UK 1 month despite the terrible state of the Exchequer is that the UK does not issue as much short-term debt compared to the likes of the US, for example. (This may change if things continue to get worse for the government, but who knows)
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Feels it finished early today.
4.59% this morning
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Heading lower, just need the long end to do the same!
That’s the missed Christmas one back in my plan!
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Mine too!
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4.48% this morning.
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Interestingly they pulled from the secondary market this time. Apparently demand this week was high, presumably they were not successful in getting a successful bid
This is in freefall. T212 is still 4.90%
I didn’t renew my bills this time.
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Any reason or forgot ?
Reinvested in to some stocks where I see some opportunities. I also recently opened a cash ISA with T212 so saving into that separately.
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It’s not the same product. BoE rate will likely be cut next week and you’ll see interest rates drop again
Yeah it’s not the same product, but it’s 42bps higher than monthly treasury bill. What do you think is going to happen to the short end, drop too. So why bother with treasuries if you get more interest elsewhere.
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You don’t earn interest on treasury bills. You earn a yield from a discount return on its value.
Again, it’s not the same product, but your last couple of posts has confused them as if they are.
Interest on your account is more like a benefit, in the case of 212 since you must enable it, and as they put some of your money in money market funds in an attempt to reach the advertised rate it could be considered a type of instrument, though the advertised interest rate is more of a benefit which has to be backed by 212 in the event of a loss.
There for example is a key difference between the two products. Bills have no risk of failing to pay as they are government backed. Money market funds (one of the ways 212 looks to bring in its rate, does have that risk, albeit low.)
Which product best suits your particular needs and risk is going to depend on each person.
You should look to understand what instruments you’re considering placing money in before you use them so that you pick the right ones.
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Thanks for the detailed explanation.
None of my cash ISA in T212 shows a being in a money market fund, it’s split between Barclays, NatWest and JP Morgan. I believe the money market fund is applicable in the S&S ISA if you enable interest on cash. Good to know the difference though.
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