reviewer
mindwell
Tacoma, WA

I Bonds Need Watching

4 star rating

saving a little, a cat lover
Pros

    Can be purchased directly on-line, six month rate locks

Cons
    deflation threat

DEC
9
2008
The United States Treasury I Bond is a welcomed addition to savers who have bought EE bonds over the years.  However, these bonds need a watchful eye because the rate changes every six months. It is currently over 5% which is a splendid return.  There is also a three-month interest penalty if you don't keep the bond 5 years.  Still, this is far superior to the EE bonds return which was a paltry 1.4% the last time I looked. And if rates tumble for the I Bonds, you will still be ahead even with the three month penalty.  Finally, these are a breeze to purchase.  You can do it on-line at the Treasury with funds coming from your checking account.  The transaction happens overnight and the paperless bond is held in your account at Treasury ready to be redeemed at quickly



I_thumb_up United States Savings Bond (I-Bond) Bond is recommended by mindwell

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I_comment_shdw24 Comments about mindwell’s Review

 


coryG wrote on May 23, 2009 at 8:38AM

The I Bond has now gone to 0%