TreasuryDirect is offering Series I Savings Bonds with 9.62% return

[JollyReddy]

TreasuryDirect is offering Series I Savings Bonds with 9.62% return! Nobody likes inflation but if you are able to hold some cash in I bonds, 9.62% definitely helps!

Maximum of $10,000 per calendar year can be deposited.
You can do more than $10,000 if you want to gift it to your child or others.

Locked for 1 year, and 3 month interest penalty if redeemed before 5 years.

RATE CAN DROP, but you can always just withdraw and take the 3 month interest penalty which isn't much compared to the rate you are getting.

Link to frequently asked questions


Step 1
Go to Treasury Direct and open an account

Step 2
Buy the Series I Savings Bonds. You can deposit up to $10,000 per calendar year.

[JollyReddy]

Any insights? is this good or bad?

[JollyReddy]

ltt

[DesiPokiri]

3 hours ago, JollyReddy said:

Any insights? is this good or bad?

Can’t you simply buy your bonds with your 401 k?

[JollyReddy]

54 minutes ago, DesiPokiri said:

Can’t you simply buy your bonds with your 401 k?

ilanti vatiki edaina guidance link unte padeyanna please

I have no idea bonds with 401k ante ento

[DesiPokiri]

Just now, JollyReddy said:

ilanti vatiki edaina guidance link unte padeyanna please

I have no idea bonds with 401k ante ento

No idea baa, I invested in Indian mutual funds for my retirement as I am gonna go back only my goals for business are accomplished 

[tennisluvrredux]

17 minutes ago, DesiPokiri said:

No idea baa, I invested in Indian mutual funds for my retirement as I am gonna go back only my goals for business are accomplished 

Nenu margadarsi lo chera oka Maruthi 800 konukkunna la undi nuvvu cheppindi

[DesiPokiri]

17 minutes ago, tennisluvrredux said:

Nenu margadarsi lo chera oka Maruthi 800 konukkunna la undi nuvvu cheppindi

Why baa what’s wrong? I have several investments, mutual funds 1 crore is also a good deal