Merry Monday, friends! I stumbled upon an investment option late last week, and I was so excited about it that I wanted to share it here with you all.
The Treasury announced that the initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022, and for the first six months that the bonds are held, you will get that interest rate. Bonds usually have much lower interest rates, so this is a great way to get a better return on your investment. I used to buy I bonds with my tax returns, but I’ve gotten away from the practice. I’ve decided to invest in a few bonds before the cutoff date (October 2022).
Please don’t interpret this as investment advice: I encourage you to do your own research and determine whether this is an investment strategy that works for you and your goals. As for me, I’ll be investing some of my discretionary income and holding the bonds until I’m ready to invest in something bigger.
That’s it for today, friends! Check out the I bonds over on Treasury Direct, and see if this is something you want to add to your investment portfolio!