Treasury bills don't pay interest because the bill is initially paid at a lower cost to the consumer, this way the value of the bill upon cash-in is the actual intended value upon sale. The 3 month treasury bill rate is really a pre-planned appreciation. Treasury Bills must be purchased at minimums of $1,000 and with a maximum value of $5,000,000. They mature during a waiting period, such as that
. discussed here - three months.
