The Series I Bond is currently yielding 7.1% How? The I stands for inflation and inflation is going up. Most people do not know about the Series I Bonds. These are different than the Series E and others that the U.S. Government sells because the rate is tied to inflation and the rate is adjusted every 6 months. These bonds are not talked about much because the incentive to advertise these are nil. The government loses money paying 7.1% in our current low interest rate environment. Here are some of the details:
***Limited to $10,000 per calendar year
***$25 increments
***Must hold 1 year
***Buy at treasurydirect.gov
There are more details that you can read on their website. Financial Managers will not tell you about these because there are no commissions paid to anyone. So if you are looking for a place to park a little money, this is a safe and secure way to do it. In fact, if you are able to borrow money at lets say 4.9% and you can get 7.1%, well you can do the math. Hope this is good information for you!
