Admittedly, when I have lots of cash in my checking account I tend to burn it on stupid purchases but I’m looking to be more responsible and smart with my money. Reading about I Bonds, I see they gather interest in a combined rate, but do they gather interest every month? Like if I were to buy a $50 I Bond and the interest rate is 3.54%, does it gather 3.54% every month or just 3.54% across half a year/ a full year? I did poorly in the interest portion of my personal finance class in high school and would just like some help.
Submitted September 16, 2021 at 06:25AM by ColumbianDonkey https://ift.tt/2YWF8BP
