So the CPI numbers came in The new series I bond rate for May will be 9.62% So you have a choice —purchase now or wait till May 1 Listen to Sundays podcast April 17th to help you decide If you have already purchased it’s great —you will get 7.12 till your six months are up and then get 9.62% for the second six months on your bond So over the 12 month holding period you are guaranteed to get about 8.5 % Amazing Remember you can buy up to $10,000 per person and if you have a living trust $10,000 per trust and if you have a business $10,000 and $5000 in a tax refund You also can purchase I bonds in any amounts from $25 up So anyone can take advantage of ibonds if you don’t need this money for one year Remember after that from yr 2-5 there is a 3 month interest penalty After five years no more penalties is where you purchase them For tax refund purchases you need form 8888

Posted by Suze at 2022-04-12 13:23:32 UTC