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New iBond rate 1.68%

Posted: Wed Oct 14, 2020 7:16 pm
by Kevin K.
New rate and an interesting strategy for buying them:

https://seekingalpha.com/article/437910 ... quote_news

Best option out there for cash it seems (if you can get past the 10K annual purchase limit and having to have a separate Treasury Direct account).

Re: New iBond rate 1.68%

Posted: Sun Oct 18, 2020 10:45 am
by jhogue
1. To give it some context, the 1 November I-bond yield of 1.68% is better than on-line Ally Bank's advertised 5 year CD (1.00%) or a 10 year Treasury (0.77%). The best no-risk short term investment out there today-- and probably the only one without a negative real yield right now.

2. Don't forget that you can buy up to $5,000 of paper I-bonds with your annual income tax refund.

3. Or set up a payroll savings plan with your employer in any amount of $25 or more. Stodgy as that may sound, that is what young investors should be doing as an automatic check-off item on their monthly budget, which is what millions of small savers did during and after World War II.