US Savings Bonds

Posted by Daniel Iuculano on November 16, 2019 - 6:23am

I haven't posted in quite a while, so with this post I will bring financial information at least once a week moving forward.

Subject - US Savings Bonds Series I

Twice a year, US posts new I bond rates effective in May and November.

As of this November the current rate is 2.22 % effective up through April 30 of 2020.

The I bond rates changes every six months based on certain data published by the Treasury.

You must hold at least one year before you can redeem, if held less than 5 years you will lose one quarter of interest.

If you need further information go to TreasuryDirect on the Web.

Dan

Gerald Roberts Prior to the housing bust you could get a 5% return on your money with a local bank, those days are gone.

November 20, 2019 at 2:46pm