The U.S. government is barreling toward its fourth shutdown in 10 years if Congress can't agree to pass a spending bill that keeps it funded. During times of financial uncertainty, investors often turn to safer options such as Treasury Direct, which offers a range of government securities.
Treasury floating-rate securities have two-year maturities and have a rate that adjusts each week based on the weekly auction of three-month Treasury bills. These securities provide investors with an opportunity to earn a variable rate of return while still benefiting from the stability of government-backed investments.
Direct Express, a feature offered by Treasury Direct, allows individuals to receive their federal benefits electronically. It charges no fees to make purchases in stores, online, or via telephone. Cardholders also enjoy the convenience of one free ATM cash withdrawal per month.