✅ School of Personal Finance – https://www.schoolofpersonalfinance.com
✅ Treasury Direct Link – https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm
I have been talking a lot about I Bonds recently. With inflation off the charts these days the interest rates offered on I Bonds have become very attractive. In this video, I discuss what an I Bond is, how to buy them, and the reason that now might be a great time to do so.
I Bonds are securities that earn interest based on both a fixed rate and a rate that is set twice a year based on inflation. The bond earns interest until it reaches 30 years or you cash it, whichever comes first.
For the first six months you own it, the Series I bond we sell from November 2021 through April 2022 earns interest at an annual rate of 7.12 percent. A new rate will be set every six months based on this bond’s fixed rate (0.00 percent) and on inflation.
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To Becoming Great with Money,
Rich McCormack, CFP®
School of Personal Finance is an Investment Advisor registered with the State(s) of New York. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or the completeness of, any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication’s conclusions. Please contact us at 914-299-3843 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Additionally, we recommend you compare any account reports from SPF with the account statements from your Custodian. Please notify us if you do not receive statements from your Custodian on at least a quarterly basis. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.schoolofpersonalfinance.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.
