Additionally, I Bonds have a minimum hold period of 12 months, and if you cash them in in the first five years, you will lose three months of interest. This makes them more like a five year CD than a savings account. However, even the best five-year CDs are typically paying less than 1.5% right now, so the opportunity to start above 7% should not be missed.
How to buy bonds I
The TreasuryDirect website is the place to start if you are interested in I Bonds. This page gives full details on buying I Bonds, including the annual limit of $ 10,000 per person, how the rates are. calculated and how to get started with an online account directly with the US Treasury.
Bonds are not a substitute for stocks. But since most investors need an income investment to balance their market risk, I Bonds are a great place to start in 2022. Whether you have $ 25, $ 10,000, or something in between, consider I Bonds. as an investment of choice. for new Year. But don’t wait too long, because that 7.12% rate will be gone after April.
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