[shut the front door]

Just a friendly reminder, if you bought inflation bonds in 2022, today may be the day to redeem. I bought mine April of '22, so today is the day I'm cashing in, as the rate is dropping down to 3%. I didn't do too bad. 10k in, $11,208 out. Not too bad for 19 months.

[Caymus]

Originally Posted by shut the front door

Just a friendly reminder, if you bought inflation bonds in 2022, today may be the day to redeem. I bought mine April of '22, so today is the day I'm cashing in, as the rate is dropping down to 3%. I didn't do too bad. 10k in, $11,208 out. Not too bad for 19 months.

Have you calculated how much interest you will lose for not holding them 5 years?

[Chi-Town]

I've got a few years of interest left on my 2001 I bonds. will probably sell one before then for a new car purchase. Nice buy it and forget it investment.

[Altavia]

Originally Posted by Caymus

Have you calculated how much interest you will lose for not holding them 5 years?

Owners of Series I bonds will pay a penalty of the last three months of interest if they cash the bonds before they've owned them for five years.

When Should I Cash Out My I Bonds? | Keil Financial Partners.

[mrf0151]

I was in when it was 9.6%. When it dropped off the 9.6, I sold, penalty free. I then went to CD's as they were and are paying better.

[rustyp]

Originally Posted by shut the front door

Just a friendly reminder, if you bought inflation bonds in 2022, today may be the day to redeem. I bought mine April of '22, so today is the day I'm cashing in, as the rate is dropping down to 3%. I didn't do too bad. 10k in, $11,208 out. Not too bad for 19 months.

Originally Posted by Caymus

Have you calculated how much interest you will lose for not holding them 5 years?

Originally Posted by Altavia

Owners of Series I bonds will pay a penalty of the last three months of interest if they cash the bonds before they've owned them for five years.

When Should I Cash Out My I Bonds? | Keil Financial Partners.

The $11208 figure is with the penalty already extracted.

[Nell57]

I also purchased one in 2022. Easy enough to buy, but how do I sell it?

[Dusty_Star]

Originally Posted by Nell57

I also purchased one in 2022. Easy enough to buy, but how do I sell it?

You go to the Treasury Direct site, & keep selecting the bond you wish to sell, until you hit the page where Redeem is an option & there are no further bond selecting options. Then select Redeem.

[Lindawc]

Originally Posted by mrf0151

I was in when it was 9.6%. When it dropped off the 9.6, I sold, penalty free. I then went to CD's as they were and are paying better.

Where did you get your CD from?

[Altavia]

Originally Posted by Lindawc

Where did you get your CD from?

Online banks tend to pay the highest rates.

12 Best CD Rates for January 2024 (Up to 5.65%) - NerdWallet

[rustyp]

Originally Posted by Altavia

Online banks tend to pay the highest rates.

12 Best CD Rates for January 2024 (Up to 5.65%) - NerdWallet

Today's t bill auction 26 week 5.264% APY - No hassle buy and sell direct from government on line. Same gov site as I bonds.

[CoachKandSportsguy]

Originally Posted by shut the front door

Just a friendly reminder, if you bought inflation bonds in 2022, today may be the day to redeem. I bought mine April of '22, so today is the day I'm cashing in, as the rate is dropping down to 3%. I didn't do too bad. 10k in, $11,208 out. Not too bad for 19 months.

About 7.6% annual rate. .
very well done, including penalty.

[HandyGrandpap]

FYI, Appears from cut and paste below (out of curiosity from this tread) a few min ago from Treasury Direct that IBonds are still holding at a decent rate of 5.27%.. Also Fixed rate has nudged up a bit, but only applies to new stuff to receive the fixed rate, I believe,

Series I Savings Bonds
5.27%
This includes a fixed rate of 1.30%
For I bonds issued November 1, 2023 to April 30, 2024.

[44Apple]

Originally Posted by mrf0151

I was in when it was 9.6%. When it dropped off the 9.6, I sold, penalty free. I then went to CD's as they were and are paying better.

penalty free... Nope

CDs were and are paying better than 9.6? Nope.

[westernrider75]

Originally Posted by mrf0151

I was in when it was 9.6%. When it dropped off the 9.6, I sold, penalty free. I then went to CD's as they were and are paying better.

Just curious how you got out penalty free?