Thought on the I bond? Thinking to move some money out of HYSA

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If you don’t need the money for at least a year, the ibond is difficult to beat.

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Yep has been asked a hundred times in the last 6 months. Good choice if you need the money safe while still getting decent return.

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It’s a great guaranteed return but it’s limited to 10k, right? Not worth the hassle to me.

likefunny

$10k online per person plus $5k per person on tax return for paper bonds for a possible max of $15k and you can repeat this on your trusts and for children too. It adds up to a very large amount.

likesmart

$10k online per person plus $5k per person on tax return for paper bonds for a possible max of $15k and you can repeat this on your trusts and for children too. It adds up to a very large amount.

smart

It’s where I keep a decent tranche of my emergency savings

To build off this, is anyone doing an ibond ladder for the emergency fund? Could be a decent way to hold stagnant cash if you build up the rings over a few years. After the 1 year mark, it seems like a great safe place to hold an emergency fund to avoid some of the sting of inflation.

Currently laddering as well.

Can I open two accounts? One for me and one for my spouse and invest 20k.

Heard if we withdraw before 1 yr there’s 3% penalty

Thank you!

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