All articles tagged with #treasurydirect
Rising inflation and energy costs are lifting the appeal of Series I Savings Bonds, which combine a fixed rate with an inflation-adjusted rate that resets every six months. With a potential 4%+ composite rate over the next six months, buying up to $10,000 per person per year via TreasuryDirect could bolster emergency savings, while redeeming before five years carries a penalty and the fixed rate varies by issue date.
If you bought Series I bonds and forgot about them, you can log into your TreasuryDirect account to check your balance and calculate your cumulative interest rate. The current composite rate is 4.3%, but the upcoming rate will be announced by the Treasury. You have options: hold onto the bonds for long-term preservation of capital, cash them out and buy I-bonds with a fixed-rate component, or invest in other Treasury products like TIPS. Financial experts suggest considering the current rates and inflation protection when making a decision.