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Edited January 25, 2022
at 02:44 PM
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Due to the very high level of inflation the US government is paying un unprecedented 7.12% interest on its Security I bonds. There is a limit of $10,000 per year per person.
https://www.treasurydirect.gov/in...glance.htm
There are quite a few articles around which share why this could be a potentially low risk investment with a high yield.
https://www.usatoday.com/story/mo...?gnt-cfr=1
You would have to create your own account through the Treasury Direct website and then link a bank account. You can additionally invest another $5K in paper bonds during the time you file your tax returns.
Please do your own diligence and invest at your own risk.
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In case you're wondering, here's how the rate is computed:
Composite rate =
I bought $10k in denominations of 2,3, 5 so if I want to cash out I can do it in chunks instead of having to cash out $10k.: Better than any CD or bank rate if you want to stay in cash.
https://www.treasurydir
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4.3%, includes 0.9% fixed
https://www.treasurydir
4.3%, includes 0.9% fixed
https://www.treasurydir
if buying over the weekend we still lock in the previous rate for six months right?
I redeemed a few smaller bonds that were over 20 years old last month and it was a similar timeline to buying. Deposit was in my connected bank the next day (though I redeemed early in the morning the day before).
The second to last business day of the month is the latest you can buy to receive that months issue date. I usually leave 3-4 biz days in case of a transfer issue.
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I'm not asking about the likelihood of default, but if and when they default.
I understand the likelihood is low and we'll have bigger things to worry about, but let's think of the possibility.
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I bought in Dec 2021. Based on this eyebonds link http://www.eyebonds.in
Did i read that right?