Ep 65: Should I Put Money in a High Interest Series I Savings Bond?
Manage episode 336720296 series 2891513
Are savings bonds making a comeback? This conservative investment option has found new life this year thanks to an interest rate that’s approaching 10%. Should you be moving money into these government-issued iBonds as soon as possible? We’ll give you all the details on these bonds and make sure you’re aware of all of the fine print.
What we discuss in this episode:
0:50 – Summer travels
4:58 – People talking about iBonds
6:25 – Are the high rates legit?
8:27 – Is there a catch?
11:51 – What to be aware of
15:44 – Is this tax-free money?
17:16 – How does it fit into planning?
19:44 – Mailbag question on interest rates and saving
23:14 – Mailbag question on planning on your own
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