Do you think 20% interest from #HBD is nice but risky? Want 9.6% interest from the US Government with virtually no risk?
Buy $10K worth of virtual I bonds online and get $481 6 months later.
Why is the US paying such sweet interest rates? Because the rates on this bond are based on inflation and that is high right now. In November the interest rate will change.
The most you can put into I bonds in 1 year is $10K and the least you can buy is $25. It's just for US citizens. Your bond will earn interest twice a year for 30 years. You can cash out after a year. If you cash out in less than 5 years you lose the last 3 months of interest.
The interest on I bonds is not subject to state income tax but is subject to federal income tax.
Good deal or not? What interest rate is your bank paying? Half a percent if you're lucky. Of course $HBD pays 20% now but its not that easy to buy or sell. However you get some for simply posting or commenting on Hive if people up vote you.
Do your own research!
Have a great Friday! ❤👍❤
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