I Bond Purchase before November 1st?
Hi Terry,
I thought I heard you say on WGN radio that it would be smart to purchase an I Bond before November 1st in order to take advantage of the current interest rate around 9.6%. Should I go ahead and make this purchase and need to sell it after one year, should I expect this same rate at the time of sale?
Thank you,
Terry Says
If you don’t already have a TreasuryDirect account you probably can’t get through in time to set one up. And you shouldn’t buy Ibonds unless you intend to hold them 5 years. The rate changes every 6 months.
But you will get better rates in Treasury bills and by next week it will be easy to set up an account when this rush is over. Read this:
https://www.terrysavage.com/t-bills-beat-cds/
