Trying to find 1 month investments for our company

#5 09-27-2006, 09:00 AM

po.ning[at]gmail.com wrote:
- quote -

> AsymF wrote:
> > The 2% interest currently drawn is based on an APY. Is the approximate
> > 5.1% interest offered for a 4-week treasury bill 5.1% of the total for
> > that month or is it for the year?
> > For the year of course. Can you imagine what the annual interest rate
> would be if the 5% is based on 1 month?
Yup. My friendly loanshark (and Excel of course) says that it will be

(((1.05 ^ 12) - 1) * 100) or 79.5856326%. If the colateral were good, i
would loan money at that rate.

#4 09-04-2006, 10:09 AM

AsymF wrote:
- quote -

> The 2% interest currently drawn is based on an APY. Is the approximate
> 5.1% interest offered for a 4-week treasury bill 5.1% of the total for
> that month or is it for the year?

For the year of course. Can you imagine what the annual interest rate
would be if the 5% is based on 1 month?

#3 09-03-2006, 11:03 PM

the year. check out this for details:

http://www.ny.frb.org/aboutthefed/fedpoint/fed28.html

"AsymF" <fearful.asymmetry[at]gmail.com> wrote in message
news:1157306040.481899.89230[at]74g2000cwt.googlegroups.com...
- quote -

> The 2% interest currently drawn is based on an APY. Is the approximate
> 5.1% interest offered for a 4-week treasury bill 5.1% of the total for
> that month or is it for the year?
> Gil Faver wrote:
> > "AsymF" <fearful.asymmetry[at]gmail.com> wrote in message
> > news:1157244991.212933.18300[at]i42g2000cwa.googlegroups.com...
> > > Each month our company has temporary access to between $10,000 and
> > > $30,000 dollars that must be paid out to various sources at the end of
> > > the month. Currently we just have that money drawing interest at a
> > > paltry rate in a business savings account. Where could we invest this
> > > money for 1 - 2 month periods where we could earn significantly more
> > > than the lousy 2% interest we currently draw?
> > > > > check out treasurydirect.gov for T-Bills

======================================= MODERATOR'S COMMENT:
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#2 09-03-2006, 07:33 PM

The 2% interest currently drawn is based on an APY. Is the approximate
5.1% interest offered for a 4-week treasury bill 5.1% of the total for
that month or is it for the year?

Gil Faver wrote:
- quote -

> "AsymF" <fearful.asymmetry[at]gmail.com> wrote in message
> news:1157244991.212933.18300[at]i42g2000cwa.googlegroups.com...
> > Each month our company has temporary access to between $10,000 and
> > $30,000 dollars that must be paid out to various sources at the end of
> > the month. Currently we just have that money drawing interest at a
> > paltry rate in a business savings account. Where could we invest this
> > money for 1 - 2 month periods where we could earn significantly more
> > than the lousy 2% interest we currently draw?
> > check out treasurydirect.gov for T-Bills

#1 09-03-2006, 03:20 PM

"AsymF" <fearful.asymmetry[at]gmail.com> wrote in message
news:1157244991.212933.18300[at]i42g2000cwa.googlegroups.com...
- quote -

> Each month our company has temporary access to between $10,000 and
> $30,000 dollars that must be paid out to various sources at the end of
> the month. Currently we just have that money drawing interest at a
> paltry rate in a business savings account. Where could we invest this
> money for 1 - 2 month periods where we could earn significantly more
> than the lousy 2% interest we currently draw?

check out treasurydirect.gov for T-Bills

09-03-2006, 11:43 AM

AsymF wrote:
- quote -

> Each month our company has temporary access to between $10,000 and
> $30,000 dollars that must be paid out to various sources at the end of
> the month. Currently we just have that money drawing interest at a
> paltry rate in a business savings account. Where could we invest this
> money for 1 - 2 month periods where we could earn significantly more
> than the lousy 2% interest we currently draw?

Money market mutual funds (MMMF), which are offered by most mutual fund
families, including Fidelity and Vanguard, are currently yielding about
5%. Many MMMF allow check-writing.

#-1 09-03-2006, 10:45 AM

Each month our company has temporary access to between $10,000 and
$30,000 dollars that must be paid out to various sources at the end of
the month. Currently we just have that money drawing interest at a
paltry rate in a business savings account. Where could we invest this
money for 1 - 2 month periods where we could earn significantly more
than the lousy 2% interest we currently draw?

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