I Bond Rate

Board Monitor
Board Monitor/ Administrator
Posted: Mon May 02, 2005 2:16 pm
Post subject: I Bond Rate

I just heard on the radio that the Ibond is now paying over 4%. Not bad in today's market. Any thoughts?
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Curtis Arnold
Board Monitor
http://www.cardratings.com (501) 663-0314

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Author: fire3000
Posted: Tue Jul 26, 2005 10:00 am
Post subject: I-Bonds

Yes, that is the current rate. It adjusts every six months and is based on the consumer price index (CPI). I buy the maximum allowed amount of $30,000 every year. I also am also buying $75,000 in TIPS this week. Interest from I-bonds is tax deferred until they are cashed in while TIPS interest is taxible each year. TIPS are the Treasury inflation adjusted savings bonds. I buy my bonds on-line at treasurydirect.gov. In October I will payoff over $85,000 in low rate credit card debt.