T-bills are purchased for a price that is less than their face value; when they mature, the government pays the holder the full par value. Effectively, your interest is the difference between the purchase price of the security and what you get at maturity.
Usually, you can make some money, but not much. T-bills are considered risk-free, and therefore they don't come with high return.
T-bills are a debt obligation of the US government with a maturity of less than a year. As such, in the current low interest rate environment they are definitely not a "money maker." Rather, T-bills (or T-bill fund) might be used in a portfolio allocation to provide stability and capital preservation. Folks might also use T-bills for short-term cash reserve needs.
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