You and I, my fellow contrarian, are old enough to remember when “I bonds”—US savings bonds designed to protect you from inflation—yielded 9.62%.
It was May 2022. Just 14 months ago!
Ah, the good ol’ days. Since then, Series I savings bond rates have tumbled to 4.3%.
Many readers wrote in with I bond questions earlier this year. The savings vehicles boasted a still sweet 6.89%. But they had two major limitations:
- I bonds tie up our money for a year.
- We can only invest $15,000 in them annually.
(The annual limit is $10,000 per person, plus an extra $5,000 per year if using a federal tax refund.… Read more
Recent Comments