Where to park cash this week, after state tax

Treasury bills at auction vs Treasury/government money funds, T-bill ETFs and broker cash, ranked for every state. Updated on the weekly auction cycle.

Data as of Nov 12, 2026, 12:26 PM CT. Each row shows its own source date.

13-week bill, last auction

4.159%

Nov 9, 2026 · state-tax-free

Highest yield tracked

4.50%

52-wk T-bill · Oct 27, 2026

Best daily-liquid fund, CA top bracket

4.00%

TFLO after 13.3% state tax

Best daily-liquid fund, no-tax states

4.13%

XBIL

After-tax yield calculator. Plug in your state, bracket, amount and term to compare T-bills, a Treasury money fund, a savings account or CD and a muni fund in dollars, plus the break-even taxable rate. Open the calculator

This week's bill auctions (week of Nov 9)

High rates from completed auctions; investment rate is the bond-equivalent yield used for ranking.

Auction	Term	High investment rate	High discount rate	Bid-to-cover	Offering	CUSIP	Source
Nov 9, 2026	6-Week	4.064%	3.990%	2.59	$100B	912797TC1	TreasuryDirect auction results API (not yet in Fiscal Data)
Nov 9, 2026	13-Week	4.159%	4.060%	2.67	$95B	912797WB9	TreasuryDirect auction results API (not yet in Fiscal Data)
Nov 9, 2026	26-Week	4.293%	4.145%	2.92	$82B	912797UX3	TreasuryDirect auction results API (not yet in Fiscal Data)
Nov 12, 2026	4-Week	4.022%	3.955%	2.94	$115B	912797WF0	TreasuryDirect auction results API (not yet in Fiscal Data)
Nov 12, 2026	8-Week	4.163%	4.080%	2.5	$110B	912797WP8	TreasuryDirect auction results API (not yet in Fiscal Data)
Nov 12, 2026	17-Week	4.344%	4.225%	2.78	$75B	912797XH5	TreasuryDirect auction results API (not yet in Fiscal Data)

Next on the calendar: —

Latest auction result by term

Term	Last auction high investment rate	Auction date / source	Secondary market, coupon-equivalent (Nov 10, 2026)
4-Week	4.022%	Nov 12, 2026	3.94%
6-Week	4.064%	Nov 9, 2026	4.08%
8-Week	4.163%	Nov 12, 2026	4.10%
13-Week	4.159%	Nov 9, 2026	4.22%
17-Week	4.344%	Nov 12, 2026	4.29%
26-Week	4.293%	Nov 9, 2026	4.41%
52-Week	4.496%	Oct 27, 2026	4.54%

Secondary-market column: U.S. Treasury Daily Treasury Bill Rates. FRED (discount basis): DTB4WK 3.89% (Nov 9, 2026) · DTB3 4.06% (Nov 9, 2026) · DTB6 4.15% (Nov 9, 2026) · DTB1YR 4.18% (Nov 9, 2026)

13-week bill rate since Jan 2024

Investment rate at every 13-week auction (150 auctions). Latest 4.159% on Nov 9, 2026. Full history & data

National ranking (before state tax)

Headline yields. The state-exempt share decides how much of that you keep in a taxing state — pick your state below.

#	Product	Yield	State-exempt share (2025)	Meets CA/CT/NY 50% test	Yield type / as of
1	52-wk T-billT-bill 52-Week Treasury bill (latest auction)	4.50%	100.0%	yes	auction high investment rate (bond-equivalent) Oct 27, 2026
2	17-wk T-billT-bill 17-Week Treasury bill (latest auction)	4.34%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 12, 2026
3	26-wk T-billT-bill 26-Week Treasury bill (latest auction)	4.29%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 9, 2026
4	8-wk T-billT-bill 8-Week Treasury bill (latest auction)	4.16%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 12, 2026
5	13-wk T-billT-bill 13-Week Treasury bill (latest auction)	4.16%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 9, 2026
6	XBILETF F/m US Treasury 6 Month Bill ETF	4.13%	100.0%	not stated	30-day SEC yield Oct 31, 2026
7	6-wk T-billT-bill 6-Week Treasury bill (latest auction)	4.06%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 9, 2026
8	4-wk T-billT-bill 4-Week Treasury bill (latest auction)	4.02%	100.0%	yes	auction high investment rate (bond-equivalent) Nov 12, 2026
9	TFLOETF iShares Treasury Floating Rate Bond ETF	4.00%	99.2%	yes	30-day SEC yield Nov 10, 2026
10	USFRETF WisdomTree Floating Rate Treasury Fund	3.98%	—	not stated	30-day SEC yield Nov 11, 2026
11	VUSXXMoney fund Vanguard Treasury Money Market Fund	3.97%	100.0%	yes	7-day SEC yield Nov 11, 2026
12	TBILETF F/m US Treasury 3 Month Bill ETF	3.92%	100.0%	not stated	30-day SEC yield Oct 31, 2026
13	VBILETF Vanguard 0-3 Month Treasury Bill ETF	3.89%	100.0%	yes	30-day SEC yield Nov 10, 2026
14	SHVETF iShares 0-1 Year Treasury Bond ETF	3.88%	89.8%	yes	30-day SEC yield Nov 10, 2026
15	VMFXXMoney fund Vanguard Federal Money Market Fund (settlement fund)	3.88%	66.6%	yes	7-day SEC yield Nov 11, 2026
16	BILETF SPDR Bloomberg 1-3 Month T-Bill ETF	3.86%	97.3%	not stated	30-day SEC yield Nov 11, 2026
17	BILSETF SPDR Bloomberg 3-12 Month T-Bill ETF	3.86%	96.9%	not stated	30-day SEC yield Nov 11, 2026
18	SGOVETF iShares 0-3 Month Treasury Bond ETF	3.85%	95.1%	yes	30-day SEC yield Nov 10, 2026
19	CLIPETF Global X 1-3 Month T-Bill ETF	3.81%	99.7%	not stated	30-day SEC yield Nov 11, 2026
20	SNSXXMoney fund Schwab U.S. Treasury Money Fund - Investor Shares	3.67%	100.0%	yes	7-day (with waivers) yield Nov 10, 2026 (manual capture)
21	SNOXXMoney fund Schwab Treasury Obligations Money Fund - Investor Shares	3.63%	31.3%	no	7-day (with waivers) yield Nov 10, 2026 (manual capture)
22	FDLXXMoney fund Fidelity Treasury Only Money Market Fund	3.62%	98.7%	yes	7-day yield Nov 11, 2026
23	FDRXXMoney fund Fidelity Government Cash Reserves (core position)	3.61%	52.2%	no	7-day yield Nov 11, 2026
24	FZFXXMoney fund Fidelity Treasury Money Market Fund (core position)	3.56%	61.5%	no	7-day yield Nov 11, 2026
25	SPAXXMoney fund Fidelity Government Money Market Fund (core position)	3.55%	50.9%	no	7-day yield Nov 11, 2026
26	Schwab cashBroker cash Schwab Intelligent Portfolios Sweep Program (robo accounts only)	3.51%	0.0%	n/a	APY Nov 2, 2026
27	Interactive Brokers cashBroker cash Interactive Brokers Pro: interest on USD cash (balances above $10k)	3.38%	0.0%	n/a	rate Nov 12, 2026
28	Merrill cashBroker cash Merrill Edge / Merrill Lynch Bank Deposit Program (Tier 1, < $250k)	0.01%	0.0%	n/a	APY Nov 10, 2026 (cached: source unavailable at last refresh)

Pick your state

Best daily-liquid fund/ETF after the state's top marginal rate (T-bills are always 100% state-exempt; tap a state for the full table and brackets).