They think they’re a few days late but they’re actually over a year late to the bandwagon. Have fun locking yourself in to dropping rates
Redditors seethe as 1990s Treasury website can’t handle the load
https://old.reddit.com/r/personalfinance/comments/yefm54/might_have_missed_the_boat_on_ibonds
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lmao imagine not maxing out on i bonds like six months ago
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I get all my investment advice from dramoids. Are these bonds really that great?
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They're risk free and yield 9.62% for the next six months (the yield adjusts every six months). You can only buy $10k worth per year though and you have to hold them for at least a year. I maxed it out earlier this year with money that would have just sat in a savings account otherwise.
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Apparently you have to mail some form to verify your account? So I guess I won't be able to buy any in time?
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It's adjusting to 6% next week (or higher), so it's not like you're completely missing out.
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Wish I'd have known about this stuff. I've got money sitting around I can stand to invest for a year or two, but don't particularly want to risk
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The rate is almost always better than a savings account and they bypass state taxes. They're okay for capital preservation or money you'd have sitting around in a savings account anyway.
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They match inflation but nothing more.
They're only really noteworthy because they're not marketable. You can redeem them at any time but you have to give up some amount of earned interest to do so.
Also I think you can only buy like $10k/year so it's really just peanuts.
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