167% return on series I savings bonds

167% return on series I savings bonds
Photo by Etienne Martin / Unsplash

Compared to a 26% loss on cash in savings accounts, between 1998 and 2022.

If you saved $10,000/year for the last 25 years, your $250,000 savings, after interest and inflation, would have returned:

$1.1 trillion was lost in purchasing power of savings accounts in 2022, due to high inflation and low interest rates offered by banks.

Protect your savings from inflation with Series I Bonds.

Key facts:

  • Current interest rate 5.27%, compounded semi-annually.
  • Purchase limit min. $25 / max. $10,000 each calendar year.
  • Subject to federal Income tax only, unless used for education.
  • Earns interest based on combining a fixed rate and an inflation rate.

Cashing out:

  • I bonds earn interest for 30 years unless you cash them first.
  • You can cash them after one year.
  • But if you cash them before five years, you lose the previous three months of interest. (For example, if you cash an I bond after 18 months, you get the first 15 months of interest.)

Switch your Bank with a Treasury account to save your cash from inflation.

Offered by the U.S. Department of the Treasury at https://www.treasurydirect.gov