I bonds

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Old 01-01-2024, 12:50 PM
shut the front door shut the front door is offline
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Default I bonds

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.
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Old 01-01-2024, 01:09 PM
Caymus Caymus is online now
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Originally Posted by shut the front door View Post
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?
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Old 01-01-2024, 01:20 PM
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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.
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Old 01-01-2024, 02:01 PM
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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.
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Old 01-01-2024, 02:53 PM
mrf0151 mrf0151 is offline
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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.
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Old 01-01-2024, 04:22 PM
rustyp rustyp is offline
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Quote:
Originally Posted by shut the front door View Post
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.
Quote:
Originally Posted by Caymus View Post
Have you calculated how much interest you will lose for not holding them 5 years?
Quote:
Originally Posted by Altavia View Post
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.
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Old 01-02-2024, 06:52 AM
Nell57 Nell57 is offline
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I also purchased one in 2022. Easy enough to buy, but how do I sell it?
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Old 01-02-2024, 07:48 AM
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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.

Last edited by Dusty_Star; 01-02-2024 at 08:13 AM.
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Old 01-02-2024, 12:09 PM
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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?
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Old 01-02-2024, 02:18 PM
Altavia Altavia is offline
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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
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Old 01-02-2024, 03:30 PM
rustyp rustyp is offline
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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.
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Old 01-02-2024, 05:03 PM
CoachKandSportsguy CoachKandSportsguy is offline
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Quote:
Originally Posted by shut the front door View Post
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.
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Old 01-02-2024, 07:20 PM
HandyGrandpap HandyGrandpap is offline
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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.
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Old 01-02-2024, 07:47 PM
44Apple 44Apple is offline
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Quote:
Originally Posted by mrf0151 View Post
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.
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Old 01-03-2024, 06:13 AM
westernrider75 westernrider75 is online now
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Quote:
Originally Posted by mrf0151 View Post
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?
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