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View all results Bread Savings12-month CD · 12 monthsillustrative · Jul 20, 2026 · 9:15am ET · source4.55%APY · about $1,365 Newtek Bank12-month CD · 12 monthsillustrative · Jul 20, 2026 · 9:12am ET · source4.30%APY · about $1,290 SoFi BankHigh-yield savings · No fixed termillustrative · Jul 20, 2026 · 9:08am ET · source4.50%APY · about $1,350
TR
· 52 weeks
U.S. Treasury
Needs a brokerage account or TreasuryDirect
3.70%annualized yield
About $1,110 through its 52 weeks maturity on your $30,000
U.S.-backed
illustrative rate · checked Jul 20, 2026 · 8:58am ET · Treasury auction result
Read this aloud
Why this is safe
Why this is safe
Treasury bills are direct obligations of the U.S. government rather than bank deposits.
They are not FDIC-insured because repayment is backed by the U.S. government itself.
If you sell before maturity, the market price can be higher or lower than what you paid.
Rates by time
Rate and term table
This product keeps its published annualized yield label; it is not presented as a bank APY. Every row estimates dollars through that row's term; non-deposit yield measures are not guaranteed cash flows.
| Time | Sample annualized yield | Estimated dollars on $30,000 |
|---|---|---|
| 6 months | 3.62% | About $538 through 6 months |
| 1 yearSelected | 3.70% | About $1,110 through 1 year |
| 2 years | 3.78% | About $2,311 through 2 years |
| 3 years | 3.84% | About $3,590 through 3 years |
| 5 years | 3.90% | About $6,324 through 5 years |
Getting out early
What access really costs
Hold to maturity or sell through a brokerage at the market price. There is no bank penalty, but a market sale can return less than you paid.
Worked estimate: $550 gross interest through month 6, before tax. Confirm the provider's calculation.Interest schedule
When the money reaches you
ScheduleInterest paid at maturity
Monthly-income example$93 a month before tax if paid monthly
Through stated maturityAbout $1,110 before tax through its 52 weeks maturity
Taxes
Headline rate versus what you keep
Choose your state in After taxes for a complete estimate. The figure below currently uses 0% state tax.
Federal treatmentGenerally taxable as interest or investment income
State treatmentExempt from state and local income tax
Estimated after-tax yield2.81% = $844/yr at 24% federal and no state selected (0%)
Tax form
How to open
What you will need
About 15 minutes. Hugo does not collect any of this information.
- 01Brokerage account or TreasuryDirect account
- 02Social Security number
- 03Funding account and routing number
No brokerage yet? Fidelity, Schwab, and Vanguard each offer one; setup typically takes about 15 minutes. Hugo lists them alphabetically and does not rank them.
Provider record
U.S. Treasury
CharterUnited States government debt
RegulatorU.S. Department of the Treasury
FDIC certificateNot applicable
Operating since1929
Phone1-844-284-2676
Rate sourceTreasury auction result
illustrative rate · checked Jul 20, 2026 · 8:58am ET · Treasury auction result
Against the Treasury curve
Published rates by time
Dots preserve each product's published rate type; the selected product is ringed. Dollar estimates use the terms stated on each product.
5%4%3%
Treasury 3.70% annualized yield · about $1,110
Same job, different trade-offs