Talk of The Villages Florida - View Single Post - Lets type about bond interest rates, credit risk and bond ETF ladders
Thread: Lets type about bond interest rates, credit risk and bond ETF ladders
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Old 04-24-2022, 12:14 PM
Altavia Altavia is offline
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Originally Posted by rustyp View Post
If you purchase an I bond before the end of this coming week you will be guaranteed 7.12% interest for the first 6 months and then 9.62 % interest for the following 6 months. After that the rates of your bond changes every 6 months (may and nov) indexed to inflation. You must hold for one year. If cashed in between years 2 - 5 you forfeit the last three months interest. After 5 years no penalty. These I bonds are issued solely by the government. The only place to purchase is TreasuryDirect - Home. Google I Bonds on YOUTUBE - lots of videos at present.
For those unaware, you can purchase additional $5,000 per person per year directly from a tax refund but a physical bond will be delivered vs. using an online account.