Savings Bonds I purchased
In 2022 /23 I purchased 3 Treasury Bonds totaling $21,000 when the rate went up to 9%.
The rates are now 2%. Would you recommend cashing the bonds and purchasing T bills.
I know that I will lose 1 quarters interest.
Thanks
Terry Says
You purchased Savings Bonds, not Treasury bonds, so I changed the wording of your headline!
And yes, because at the time they were issued those bonds carried NO fixed base rate, they are now yielding far below what you could get on T-bills. I think it might be time to take the penalty and make the switch.
Please read the latest update of my advice, since the May 1st rate change:
https://www.terrysavage.com/i-bond-update-and-advice/
