Series I bonds - thoughts?

[CDGator]

I did a search before posting and didn’t see these discussed. What are your thoughts on Series I savings bonds? Any downside in this economy other than $10,000 max?

Someone said they are paying 9.62% right now, indexed for inflation.

TreasuryDirect - Home

 

[FireFoley]

Read the "how long must I keep and I bond" section to see the negatives. Personally whenever I can't retrieve my money without penalty is a no for me.

 

[Egor's Assistant]

1.) Can't access the money for 1 year. Locked up for a year. Meh.
2.) If you withdraw before 5 years time, you lose three months of interest payments. (Interest is paid in full at withdraw or maturity-- 30 years I believe.
3.) The rate is recalculated every 6 months. So yield will fall back down by a lot as soon as they declare inflation back to normal.
4.) No tax on the interest til the end (withdrawn)
5.) Their website absolutely sucks. Like everything government created.
6.) Found out about iBonds just this year. Bought some for me and the wife. You can get 10K for each member of your family if you want.
7.) 10K Max purchase annually.
8.) These will be my best performing assets in 2022. Stupid Bear Market. Worst first half of the year for stocks in 50 years and the recession hasn't even officially hit us yet. Get them iBonds.