I bond- should I cash and repurchase?
I have an I bond purchased in April 2012 that has a fixed rate of 0%. Would it be a good idea to cash that one in and purchase a new one that has a fixed rate that is not 0%. I’m pretty sure I won’t need the money for at least 4 years.
Read this: https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/
Terry Says
That doesn’t make sense. The current fixed rate on I-bonds is 0.40%. It’s the semi-annual inflation adjustment that is eye-catching. And you’re getting that portion on your old bond anyway!
