Quote:
Originally Posted by UncleWede
Does this mean my savings and CDs are going to cross over the 1% boundary soon??
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Ibonds are at 9% now. You can sell any time you want after one year, but you forfeit 3 months of interest. So if you hold for 12 months and sell, you receive 9 months of interest, or more than 7%.
Ibond purchase limit to my understanding is $10k per SSN per year.
I look at ibonds as a one year CD paying 7%.