re: Any better account to hold $ in besides VMRXX

quote:

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Annualized Rate, not 4 week rate

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That's what I thought. So am I wrong for assuming if he puts $20K in to a 4 week T-Bill that he will not earn 5.5% interest (i.e. $1,100 in interest) at the end of that 4 week period?

Another way of asking - what $$ will he get in interest at the end of the 4 week term on $20K principal with a 5.5% annualized rate?