I have a few thousand dollars in old I-bonds that I want advice on. I can easily lookup the current value, but I want to make sure the rate is worth keeping after inflation dies down.
I have:
3 X $1,000 issued in 01/2000
1 X $5,000 issued in 01/2000
1 X $1,000 issued in 01/2001
1 X $1,000 issued in 01/2003
1 X $1,000 issued in 01/2004
1 X $1,000 issued in 01/2005
From my understanding I-Bonds are given three rates, the Fixed Rate, a variable Inflation Rate, and then the Combined Rate of both together. If you get an I-Bond with a high Fixed Rate, its worth keeping around since it will probably beat inflation, while low Fixed Rates you might want to dump as it will only try to match inflation?
I found this PDF which I believe sorta answers my question
https://treasurydirect.gov/files/savings-bonds/i-bond-rate-chart.pdf
So if im understanding it right, I should definitely keep these I-Bonds until they mature, because the fixed rate is so good, that they will basically always beat [reported] inflation (might not beat 'real' inflation') or am I misunderstanding the situation?
Submitted November 02, 2022 at 12:00AM by siazdghw https://ift.tt/A0qVczJ
