Quote:
Originally Posted by retiredguy123
For me, the cons are that you can only invest $10K per year, but there is a gifting loophole that can increase that amount. Also, you can only buy them directly from the Government with a U.S. Treasury account. Too much trouble for me to bother with, but, for some, it is a good deal. Note that the interest rate is somewhat deceiving because the only way to get the full rate is to keep the bond for 5 years.
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If you cash them in before 5 years you only lose the last 3 months interest. Still a much higher yield than any savings account ir CD around. I don't see any cons...