The US governement has a little known, by the general public, treasury bill that is secure from inflation and gives a better rate of return than most banks can give. Even online banks and savings accounts like INGdirect and EmigrantDirect.
TIPS or Treasury Inflation Protected Securities are offered by the government as a great alternative to CD’s offered by banks. The best part about these Treasury Bills is they usually, or at least right now, offer a better rate of return than most banks can offer.
The current rate range on a 6-month CD from a bank is 2.5 to 4.3 percent while recent yields on Treasury Bills is 5.3 percent.
How easy are Treasury Bills to find? Well with a computer, easier than going to your bank and asking for their recent yields on CDs. You can go to TreasuryDirect.gov and for as little as $1000 open an account and start shopping around for the best deal.
The best part is that Treasury Bills are more liquid than CDs because they are traded freely on different markets. Good news for you buyers and sellers types.
Check out more information from this article Treasury bill yields more than 5 percent with little risk
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