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
No comments:
Post a Comment