Anyone Buying Government I Bonds?

[WhiteHawk]

I just read that they are inflation based and are paying 9.62% the first six months - thanks Joe Biden? I think you have to leave them in for at least a year or two though. Gotta buy them by the end of the month to get the rate. You can buy $10k a year, so that means over $962ish gained in the first six months if you go max.

Seems like too good to be true.

-Geoff

https://www.freep.com/story/money/pe...s/69564134007/

[The Man]

honestly, thats sounds too good to be true. i have the money guys in my fantasy football league looking into it for me, ill let you know. that sounds great

[dave89iroc]

honestly, thats sounds too good to be true. i have the money guys in my fantasy football league looking into it for me, ill let you know. that sounds great

yes, please let us know

[picturethis]

Not a bad deal if you are able to park the money

watch this
https://www.youtube.com/watch?v=_l2siokfyok

[Detroit Gearbox]

Someone turned me on to them a couple months ago.
I'm told its a 1 year deal.... your limited to 10K per person.... I never jumped in... I need to.

[WhiteHawk]

honestly, thats sounds too good to be true. i have the money guys in my fantasy football league looking into it for me, ill let you know. that sounds great

I know, right? When our savings accounts are paying 0.1% annual.

I set up my account at the treasury site today. Going to move some money and buy tomorrow when it clears. If you have $10k in the bank that you are not going to need for a year or two, this is a no-brainer. Basically you are are loaning the government some money and they are paying you an inflation based interest rate.

-Geoff

[WhiteHawk]

I just read that they are inflation based and are paying 9.62% the first six months - thanks Joe Biden? I think you have to leave them in for at least a year or two though. Gotta buy them by the end of the month to get the rate. You can buy $10k a year, so that means over $962ish gained in the first six months if you go max.

I think I did the math wrong here - it would be a 9.62% annual rate paid for six months (so half the amount I said). Still a smoking deal.

-Geoff

[picturethis]

2.35% interest is pretty typical these days....... Hey Boomers get out of the stone ages, Discos Dead !!!

get yourself online only bank

[4Gas$]

My life insurance account had a minimum interest rate on it when I
bought into it years ago, so I'm grandfathered in it at.......... 5%.

[DeFormula]

It's a real thing. My wife and I both did the max amount. Have to leave it in for a year and 1 day I believe.