Series I Bonds

[WhatsHisNuts]

You can purchase up to $10,000 a year in US Government Series I Bonds (electronic only). They are currently paying 7.12%.

www.TreasuryDirect.Gov

If you are looking to invest in bonds, this seems like a solid way to go.

 

[WhatsHisNuts]

From the Treasury DIrect Website:
NEWS: The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022.

 

[MadJack]

Go to the 12 minute mark if it's not already there.


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[WhatsHisNuts]

This is a unique situation that we haven't seen in 40 years. I Bonds are paying nearly 10%. I don't think you can compare that to typical short term treasuries that pay under 3%, which is what they are talking about. When the inflation rate drops back down to under 3%, I'll be cashing out of my I Bonds.

 

[WhatsHisNuts]

Interest rate updated. Now through April 30, 6.89%. I'll buy another batch in January and hopefully inflation will continue to recede and I won't be buying more in 2024.