Reinvesting I Bonds?
On WGN you talked about reinvesting I Bonds before May 1st . I went into my account to do so and it doesn’t give me that option. I had my I Bond for less than a year is that why??
Terry Says
No, you didn’t listen carefully enough. When I talk about “reinvesting”, I’m talking about Treasury Bills, which mature in 13 or 26 weeks.
You do NOT reinvest I-bonds. The rate you are paid automatically changes every 6 months, and there is nothing you can do about that. You should plan to hold them for at least 5 years to avoid a 3-month loss of interest penalty for getting out early.
