Saturday, October 22, 2022

Readers of this Blog Earned $837 Risk Free

 

Last year, this blog suggested buying United States I Bonds as way to protect savings from inflation. The I Bond series pays interest rates adjusted twice yearly for inflation. Last November, the interest rate was set at 7.12% and in April this year, the rate was adjusted to a 40-year high of 9.62%. Readers who took the advice of this blog and bought the maximum allowed amount of $10,000 earned $837 over the past year. Next month, the rate will be adjusted again. It is anticipated that it will likely be 2 – 3 % lower than the 9.62% rate I Bonds have been earning since April.

 Individual - Buying Series I Savings Bonds (treasurydirect.gov)

For information on the rates, Go to: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm#irate

If you don't have an account already, set one up here: https://www.treasurydirect.gov/RS/UN-AccountCreate.do





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