U.S. Treasury: Short Term Treasury Bills (4-Week-52-Week Maturity)

 https://slickdeals.net/f/16642112-u-s-treasury-short-term-treasury-bills-4-week-52-week-maturity-up-to-5-50-interest#comments

 

Besides TreasuryDirect, the Treasury Auctions (i.e. not secondary market) are also purchasable via 5 brokerages: Fidelity, Charles Schwab, TD Ameritrade, E*TRADE, and Vanguard, as far as I'm aware.
Merrill Edge: supposedly could do so, but only over the phone, which incurs a fee. (Correct me if I'm wrong)

Pros and cons amongst each brokerage are not that far apart (in my opinion) but mainly boil down to the following:
-Minimum purchase quantity (most are $1k, while E*TRADE is $5k)
-Automatic reinvestment (Fidelity has this, while E*TRADE does not)

The major differences between buying on TreasuryDirect vs brokerages are the following:
-Convenience. You cannot purchase auction treasuries a month ahead of time at brokerage vs being able to do so on TreasuryDirect. This can be alleviated if you look at the Auction announcement dates at this link: https://home.treasury.gov/system/...hedule.pdf
-Liquidity. You cannot directly sell these on the secondary market on TreasuryDirect vs being able to do so at the brokerages
-Minimum purchase amount. TreasuryDirect has just $100 as minimum, whereas the brokerages are all higher.
-Some brokerages (such as Fidelity) show expected yield, whereas TreasuryDirect doesn't have this (although you can check past auctions or daily rates for an idea)

Google search for your specific brokerage on where to click to buy these and note the minimum purchase amounts.
Such as typing "Buying Treasury at Auction on ETRADE" https://www.youtube.com/watch?v=lxJ7otlJoxw

Hope that helps!

EDIT: Fixed errors, added details of pros and cons, with links to auction schedule, and YT link.

Note, if interested, you may choose to purchase Treasury Bills through your preferred Brokerage Firm

Current Rates (5/10/23): (Coupon Rates [Interest Rates] change daily):

• 4-Week Maturity: 5.50%
• 8-Week Maturity: 4.93%
• 13-Week Maturity: 5.23%
• 17-Week Maturity: 5.16%
• 26-Week Maturity: 5.10%
• 52-Week Maturity: 4.75%

Deal Editor's Notes & Price Research:

• About this Offer:
  • Interest paid: When the bill matures
  • Minimum purchase : $100
  • In increments of: $100
  • Maximum purchase: $10 million (non-competitive bid)
    • 35% of offering amount (competitive bid)
    • (See Buying a Treasury marketable security for information on types of bids.)
  • Auction frequency:
    • Every four weeks for 52-week bills
    • Weekly for 4, 8, 13, 17, 26-week bills
    • No regular schedule for Cash Management Bills
    • See the Auction calendar for specific date
  • Taxes: Federal tax due on interest earned. No state or local taxes
• Refer to forum thread for discussion from the community regarding this offer. -slickdewmaster