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Forum: Miscellaneous Topic: Financial Advice started by: Expatriate Posted by Expatriate on May 04 2022,8:33 am
I bonds with a 9.62% interest rate starting in May 2022! This is up from 7.12% of the last six months...Every person can buy $10,000 worth of I bonds, If you’re married, you can buy $20,000 worth of I bonds... If you each own a business or trust, now you’ve got four entities able to buy..there are other ways to increase the number.. I bonds can’t be redeemed for one year. You can cash them after one year. But if you cash them before five years, you lose the previous three months of interest. The rates will change again in November, if you believe the inflation rate will revert to zero you're kind of naive. Even if it did somehow miraculously go to zero inflation you'd have six months guaranteed @9.6..even at a zero rate for the next six months (unlikely) that would be 4.8 return on a year... Check it out... < https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm > |