When a UK Treasury bill matures, you will receive the amount you invested plus the yield, as cash. The UK Treasury bill expires.
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Each UK Treasury bill that you buy will be set up to automatically reinvest the full amount you invested plus the yield. This means that the money we receive for the maturing UK Treasury bill is used to buy the new Treasury Bill, and your money will be locked up for another month**. If your Treasury bill is set to automatically reinvest, you will be reminded before it matures.
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If you don’t want this to happen, you can turn off auto reinvesting in the app, or set it to auto reinvest a different amount. If you choose not to reinvest, the cash will stay in your Freetrade account.