Quote:
Originally Posted by Badger 2006
You can report I Bond interest yearly, even though it’s accumulating, if you choose. With an I Bond there is a 3 month interest penalty if cashed in prior to 5 years. When you go online to check interest earned, the amount shown in the first 5 years, is less the 3 month penalty you incurred if cashed in.
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I chose I-Bonds for that reason plus the great interest rates the last two issues. However, are there any other investments that will delay interest with non qualifying monies and provide guaranteed returns? The new issue I-Bonds next month are forecast to be around 3.75%.