Treasury bills, notes and bonds are loans to the US government, so they're backed by the federal government. The yield is roughly what you'd earn per year if you bought one today and held it to maturity. Interest is exempt from state and local income tax (TreasuryDirect). Here are today's market yields and the current savings bond rates.
| Maturity | Yield | vs 30 days | vs 1 year |
|---|---|---|---|
| 1-month bill | 4.14% | +0.33 | -0.06 |
| 3-month bill | 4.23% | +0.29 | +0.22 |
| 6-month bill | 4.30% | +0.30 | +0.48 |
| 1-year bill | 4.44% | +0.29 | +0.78 |
| 2-year note | 4.75% | +0.36 | +1.17 |
| 5-year note | 4.99% | +0.42 | +1.27 |
| 10-year note | 5.22% | +0.42 | +1.09 |
| 20-year bond | 5.64% | +0.38 | +0.95 |
| 30-year bond | 5.60% | +0.35 | +0.88 |
Market yield on constant-maturity Treasuries, as of 2026-10-08 (latest available; posted with a short lag). Changes are in percentage points. Source: US Treasury via FRED (St. Louis Fed). Updated by our daily snapshot. Download CSV
Bank accounts and CDs are FDIC-insured up to the limit; Treasuries are backed by the US government and can be sold before maturity at a market price (which can be lower than what you paid). Compare: CD rates today · Best savings accounts · Money market rates.
4.23% (constant-maturity market yield, 2026-10-08, US Treasury via FRED).
4.26% for I bonds issued May 1, 2026 to October 31, 2026, including a 0.90% fixed rate (TreasuryDirect). New rates are announced each May 1 and November 1.
They're subject to federal income tax but exempt from state and local income tax, per TreasuryDirect.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.