That title may sound like a teaser in this low interest rate world, but there is a way to earn a good interest rate on excess cash right now:  I bonds

Do you remember the old US Savings Bonds we all used to buy?  They’ve revamped the process and it’s mostly electronic now through TreasuryDirect.gov.

So what is an I Bond?

It’s a savings bond that earns interest via a combination of a fixed rate + an inflation rate that is set twice per year.  Currently it’s at 7.12%

So what’s the catch?

You can only purchase $10,000 per year electronically (or $5000/year in paper form)

If you want to learn more about Treasury Direct and I bonds:  https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

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James A. Daniel

James A. Daniel - Financial Planner

CFP, CFA, CMT

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