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When the bill matures, the government pays you the full face value ($1,000). The difference is your earned interest.

We sell Treasury Bills (Bills) for terms ranging from four weeks to 52 weeks. Bills are sold at a discount or at par (face value). TreasuryDirect (.gov) Treasury Bills (T-Bills): What They Are and How to Invest buy t bills directly

Backed by the U.S. government with maturities ranging from 4 to 52 weeks. When the bill matures, the government pays you

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