Interested in earning 9%+ in a low-risk investment that protects your savings from inflation? If so, then I Bonds may be right for you.
Series I Savings Bonds provide an inflation-adjusted yield which is reset every 6 months. They are currently paying 7.12%. The next reset on May 1, 2022 is expected to increase to nearly 9.6%.
I Bonds can be redeemed after 12 months with three months’ interest penalty, and there is no penalty after 5 years.
Asset Advisors, through its custodians, is unable to purchase I bonds on behalf of its clients at this time. However, individuals are eligible to purchase up to $10,000 in I bonds each year through Treasury Direct (https://treasurydirect.gov/). Plus, individuals getting a federal tax refund can elect to receive up to $5,000 of their refund in additional I bonds.
Read on to see if I bonds may make sense for your personal financial situation.
We’d love to speak with you about more investment solutions for your financial independence, including stocks, ETFs, and Treasury Bonds. Call today at 706-650-9900!