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WCIL | A few years ago we purchased some when they were around 9%. Slowly got out of them as the rate fell below 4%. Rates are updated every 6 months and are tied to inflation and interest rates. You have to keep them for a year before you can redeem them. We have been doing some short term T-bills and reinvesting them. Seems the 4, 6 and 8 week have been the highest lately at around 3.9%. We treat them like CD's, but when they reinvest, the interest goes to your checking account and another bill is purchased instead of compounding back in. Advantage to I-bonds and T-bills is there are no state or local tax on them. The Treasury Direct website is a little difficult to navigate and can be troublesome to get an account set up. I had no issues for myself and a few family members I helped, but my son and a nephew had to send a form signed by the bank. I think it was a security thing. Otherwise, if you are able to use AgTalk, you can easily use the Treasury website. | |
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Anyone purchase I-bonds?
