Quote:
Originally Posted by lildfromnyc
I just started my research on IBonds. I was wondering if it was a good investment.
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Ibonds are a good investment but limited. Max is $10k (per person per year). You cannot cash the bond before 12 months from purchase. There's a 3 month interest penalty if you cash the bond prior to 15 months. Of course if you keep the bond beyond 15 months, it continues to earn compound interest. Current interest rate is 9.6% and adjusted every 6 months, based on the current inflation rate. Setting up an account on treasurydirect.gov was straight forward. It took less than 15 minutes. You must link to a bank/checking account for the purchase.