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nkyguy1988 t1_iuka0ny wrote

They don't offer near 10% anymore. It's now mid 6% and expected to decline.

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[deleted] OP t1_iuka9tt wrote

Dang, i was able to lock in a few weeks ago. You are right tho. 6% is probably still better than anything else.

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Mashtatoes t1_iukamva wrote

It’s not really. You can get 1 year treasuries at 4.7%, which is likely to be as much as or more than an I bond kept for 12 months after the penalty.

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nkyguy1988 t1_iukakxi wrote

The rates update every May 1 and Nov 1 based on inflation. It's only better than anything in the short run. Won't be long before treasuries pay better and don't come with the penalties.

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[deleted] OP t1_iukasv7 wrote

That is exactly my plan hold for a year and shelter from inflation for free.

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