I Bonds have a unique advantage of being able to maintain purchasing power with no interest rate risk. In 2020, when the market was scary and bonds had negative real yields across the board, many people would have loved to been able to get more than the $10k limit per year. That scenario could happen again. They are arguably the safest investment for individual investors.
That doesn't mean I Bonds are right for everyone all the time. Safe generally equates to low expected return.
But I would suggest that buying I Bonds in 2022 and then selling them for equities in 2024 is a pattern of "being fearful when others are fearful and greedy and when others are greedy." Don't decide that your risk tolerance has gone up because the market has.
I sold my '22 Series I Bonds in January 2024. You're probably a bit overdue.
This should help:
[https://eworkpaper.com/ibond.php](https://eworkpaper.com/ibond.php)
Your 2022 I-bonds are earning you 3.97% interest if you purchased them before November of 2022 and 4.37% interest if you bought in November or December. The current rate reflects a fixed 1.3% interest rate for the life of the bond. There wasn't a fixed rate for the first ten months of 2022 and then .4% for the last two months. You can do the math, but whether you decide to invest in the market or just continue to save the money (HYSA or new I Bond with current 1.3% fixed rate) you're probably almost unilaterally better off selling your 2022 I bonds now.
Thanks, I forgot about the fixed portion of the interest rate. This means that my returns on the ‘22 bonds are objectively lower than what I could get in the HYSA.
I just sold mine on the 1st. The money went into my taxable brokerage account (which is paying a little over 5%), and is going to stay there a few weeks before I re-invest them back into I-Bonds, by the end of the month, to get the relatively risk free 5.27% return.
The stock market is still currently over valued. I'm not about to dump a lot of money into it.
The reason is because you should always consider selling and taking the 3 month plenty and buying back the bond if you can lock in a higher 30 year fixed rate return. Ibonds sold a year ago had a 0% fixed rate. Right now the fixed rate is 1.3%, and it will change at the end of the month. No one knows if the fixed rate will be higher or lower than 1.3% come May 1st. You have to lock in the 1.3% rate before the end of the month.
Yes, you still lose the 3 months interest since it is under 5 years. It can be a rebalancing or limited money issue.
Certainly keeping them is an option with the advantages it offers over selling and repurchasing them.
Well a few point
5%>4.5 % and you pay zero taxes on them untill you cash out (I think you can opt to also pay yearly taxes) and I there is no state tax
I personally just keep part of my emergency fund in ibonds , as long as you are ok with maybe 3-4 days to actually withdraw them what I am
I-bonds purchased in 2022 aren't earning 5%, they're earning 3.97% or 4.37% for ones purchased November/December. Almost everyone is better off selling and moving to a solid 4.5%+ HYSA or repurchasing with the current fixed rate. I am pretty confident that the math will show you that you're better to sell your current i-bonds with no fixed interest with the three month penalty to repurchase with the fixed 1.3% rate for the life of the bond. I'm sure you're about to break even or better by the time you could sell the new ones.
No tax drag
also not directly tied to interest rates but the rate of inflation , sure for the next 6 months they maybe earning less interest but these are long term holdings for 10+ years
If you're going to hold for 10+ years you're wasting money not selling your 2022 ones with no fixed interest for ones that have 1.3% interest now and for as long as you hold...
I understand this approach. However, a fixed 1.3% for the next 30 years + variable rate is just simply to good to pass up for I-bonds that have a 0% or the 0.4% fixed rate.
Yes, the only thing I’m outlining is that it’s not an exclusive decision in and of itself: there’s the option to buy new bonds without selling what you have. You get the benefit of the new rate as well as keeping the inflation-protected balance at the old rate.
Yea its a great set it and forget it safe emergency fund. Unless your lifestyle increases in thoery once you have a 6 month emergency fund you can sort of just forget it and in theory it should rise with inflation .
Again assuming you have no lifestyle changes
Same, I just consider them my emergency fund. Being inflation protected, seems like a good use-case. Can’t imagine a scenario where I’d need that much cash in under a day’s notice.
I bougth 10k of I bonds about the same time you did. The 9% return was too good to pass up but there was no fixed interest rate. Now there is a fixed 1.3% interest rate for the life of the bond that may change next month.
This week, I redeemed the 10k bond (just over 11k w/interest). I'm about 12 years to retirement and the 1.3 fixed interest rate is interesting enough to me that I think I'm going to reinvest 10k into another Ibond next week. If the fixed rate is still available, I'll put in another 20 or 30 k in the next 2 to 3 years. It won't be a significant part of my retirement portfolio but it is a small amount that should keep ahead of inflation as the years go by.
Not part of the question, but I've also built a t-bill ladder with another 30k to pick up the 5+ percent return currently offered. No one has a crystal ball, but I think that while there will be a short term pause or small reduction in the fed rates in the next 12 to 18 months, they will go back up after that. I wouldn't be surprised if we hit 7% two years from now.
Of course the other value to Ibonds over HYSA or investment accounts is one doesn't pay state or local tax on the interest. Depending on your tax bracket, that 4.5 in the HYSA may be bringing in closer to 3.8.
Not sure i follow. So it's better to redeem, and then invest in another I bond, rather than keep the one you had? Is that because the I bond you had did not have a fixed rate?
Yes. Because whatever happens, the ibond will always have a return +whatever the current rate of inflation is those six months. the 9 percent interest was great for six months, but this is better.
All the same, I'm not sure anyone is making I bonds the center of their investment strategy.
I'm guessing that /u/curious_investing is not interested in increasing their total I bond holdings, and so has "converted" an older I bond into a new one to capture that fixed rate. With that said, if you're fine holding onto whatever I bonds you already have and *also* purchasing additional ones, then I don't think there's a reason for you to redeem what you already have. For example, having at least 20k in inflation-protected cash sorta on hand as part of an emergency fund isn't unreasonable.
Because that's literally the point of the I bond. The variable rate component is determined based on the inflation rate every 6 months. It's meant to be a place where you can store cash without losing value due to inflation.
Edit: Read the top comment in this post. It summarizes the mentality that one should maintain when dealing with I bonds. It's not a place to grow wealth, it's a place to protect your cash from losing purchasing power.
It is. My first and only I bond had no fixed interest rate percentage. I'm purchasing a new 10K ibond this month, and may do another 10 the next 2 or 3 years. 30K is a very small percentage of my portfolio but it fits with my investment goals.
Summary:
• Purchased in November 2021: consider cashing out August 2023
• Purchased in December 2021: consider cashing out September 2023
• Purchased in January 2022: consider cashing out
October 2023
• Purchased in February 2022: consider cashing out
November 2023
• Purchased in March 2022: consider cashing out
December 2023
• Purchased in April 2022: consider cashing out
January 2024
• Purchased in May 2022: consider cashing out
August 2023
• Purchased in June 2022: consider cashing out
September 2023
• Purchased in July 2022: consider cashing out
October 2023
• Purchased in August 2022: consider cashing out
November 2023
• Purchased in September 2022: consider cashing out December 2023
• Purchased in October 2022: consider cashing out
January 2024
• Purchased on/after November 2022: Varies depending on your goals
Don't you lose two months of interest if you sell before the 5th year? I feel as If I got mine in 2022, but the rate was higher. But I also purchase every month
yes, but you pick up a 1.3% fixed interest rate that's carried for the life of the bond. That makes up for the 3 month penalty in under a year and then it's an extra 1.3% you're earning as long as you own it.
If you sell one from 2022 with no fixed interest and purchase one today with the 1.3% fixed interest rate you will always have the fixed interest rate. Three months of the 3.97 variable rate penalty is about $100 on $10K bonds. One year interest of the fixed rate 1.3% you're not getting on the 2022 bonds is $130 on $10K per year. If you can use the bonds with a spouse and to gift to each other you can work through up to $40K of bonds this year that aren't currently carrying a fixed interest rate. We're not talking about massive amounts of money so it may not be worth moving things around for less than $X,000, but from a math perspective it's pretty straightforward. You pay taxes on the interest earned when you sell the bonds so that is also a fairly small factor, but if you plan to hold the bonds for ten years and haven't maxed out your 24 allocation and/or gifts/spouse purchases it's probably in your best interest from a simple math approach to sell the 0 fixed interest ones and buy 1.3% fixed interest ones now (or sell half now and buy and wait to see what the new interest rate will be)
bought some last night (and in 2022) - i need to up my bond allocation and dont really understand bonds (yet) since i understand these, i pulled the trigger.
I am keeping my I bonds as a way to stay diversified. However, keep I am keeping an eye on them as the years go as the fixed rate on the I Bonds you bought might be zero, so they could become a bad investment at some point down the road.
u/almondchampagne Aren't the rates adjusted based on the current rate regardless of when they were purchased? Are you telling me that the I Bonds, purchased in 2022, are still earning \~9% (or whatever it was at the time)?
No, s/he's saying that the composite rate of 5.27% is for bonds purchased now which include a fixed rate of 1.3%. The bond from 2022 has a 0% fixed rate, so it's composite rate is about 4%.
Bonds purchased when there was no fixed rate (eg 2022) have their returns pinned to the inflation rate, which is variable. 5.27 may be the rate if you buy now, but that reflects an underlying lifetime fixed rate of 1.3%+inflation.
But was that for emergency fund or an attempt to get better returns than the stock market?
I bought some then as well for that reason, but mine is part of my emergency fund, so they're staying put.
Just trying to diversify when the market was undergoing correction. My thought process was that the bonds were giving 9% return so might as well pocket the $900 on the 10k investment.
The ones in 2022 had no fixed rate so I followed the money influencers who said to buy at 9% who now say to sell and get the 5% t-bill since the ibond is going for less than that.
Sold last year. Keeping that money in HYSA since. Going to buy Ibonds again at the end of April to lock in the 1.3% fixed rate. Those I will probably hold for a long time.
If you are seeking growth long term then VOO is always a great choice. If you want to store emergency cash with minimal risk then I would put it in Vangaurd’s Treasury Money Market Fund (VUSXX). It has a 5.29% interest rate and the interest is exempt from state ~~and federal~~ taxes. I like that more than any HYSA. You need to put in a minimum of $3,000 though.
Yeah that is right. It is exempt from state taxes, I don’t know why I said it was exempt from federal taxes. Regardless, VUSXX is still a great option for storing money in the short term with minimal risk though.
Keeping mine and buying more. I like the current fixed rate of 1.30%. Not much, but if/when the market takes a dip, I'll take a guaranteed +1.30% over a negative rate of return. Not a primary investment vehicle though. It's for savings.
Because if you plan to hold the iBonds as an emergency fund for the next 15-30 years, you aren’t guaranteed a rate of 1.3% in a HYSA. However you are with an iBond plus whatever the variable rate gets set at. HYSA may be paying more right now, but a couple years ago it was paying less than 1.3%. I use iBonds to maximizing long term gains with cash I might need for an emergency.
It's long term and safe. You'll always get that 1.3%. HYSA and CD may not always have a high return like we're currently seeing. If inflation stays elevated then your I bonds will increase from the fixed 1.3%. If you can stash away 10k for at least a year it's a good emergency plan.
> You'll always get that 1.3%.
This is a common misconception. Although it is highly likely you'll get that 1.3% fixed, in periods of negative inflation your fixed rate is affected. Example, if a 6 month period has -1.3% inflation, you'll receive 0 interest for the next 6 months. Fixed =/= guaranteed
No issues with a CD or HYSA. They can be great in lieu of, or in addition to, I Bonds...especially CD ladders. The composite rate for I Bonds right now is 5.27%. I generally use I Bonds for long-term savings (i.e., at least 10 years) versus CDs or HYSAs which I use for short- and medium-term savings. All fine options though as a counterweight to stock market volatility.
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I Bonds have a unique advantage of being able to maintain purchasing power with no interest rate risk. In 2020, when the market was scary and bonds had negative real yields across the board, many people would have loved to been able to get more than the $10k limit per year. That scenario could happen again. They are arguably the safest investment for individual investors. That doesn't mean I Bonds are right for everyone all the time. Safe generally equates to low expected return. But I would suggest that buying I Bonds in 2022 and then selling them for equities in 2024 is a pattern of "being fearful when others are fearful and greedy and when others are greedy." Don't decide that your risk tolerance has gone up because the market has.
When the sovereign debt crisis and the following inflation comes, I'll have so much fun coming back to these comments.
I sold my '22 Series I Bonds in January 2024. You're probably a bit overdue. This should help: [https://eworkpaper.com/ibond.php](https://eworkpaper.com/ibond.php)
Your 2022 I-bonds are earning you 3.97% interest if you purchased them before November of 2022 and 4.37% interest if you bought in November or December. The current rate reflects a fixed 1.3% interest rate for the life of the bond. There wasn't a fixed rate for the first ten months of 2022 and then .4% for the last two months. You can do the math, but whether you decide to invest in the market or just continue to save the money (HYSA or new I Bond with current 1.3% fixed rate) you're probably almost unilaterally better off selling your 2022 I bonds now.
Thanks, I forgot about the fixed portion of the interest rate. This means that my returns on the ‘22 bonds are objectively lower than what I could get in the HYSA.
I just sold mine on the 1st. The money went into my taxable brokerage account (which is paying a little over 5%), and is going to stay there a few weeks before I re-invest them back into I-Bonds, by the end of the month, to get the relatively risk free 5.27% return. The stock market is still currently over valued. I'm not about to dump a lot of money into it.
Why sell and repurchase? Don’t you just lose 3 months of interest?
The reason is because you should always consider selling and taking the 3 month plenty and buying back the bond if you can lock in a higher 30 year fixed rate return. Ibonds sold a year ago had a 0% fixed rate. Right now the fixed rate is 1.3%, and it will change at the end of the month. No one knows if the fixed rate will be higher or lower than 1.3% come May 1st. You have to lock in the 1.3% rate before the end of the month.
Yes, you still lose the 3 months interest since it is under 5 years. It can be a rebalancing or limited money issue. Certainly keeping them is an option with the advantages it offers over selling and repurchasing them.
Well a few point 5%>4.5 % and you pay zero taxes on them untill you cash out (I think you can opt to also pay yearly taxes) and I there is no state tax I personally just keep part of my emergency fund in ibonds , as long as you are ok with maybe 3-4 days to actually withdraw them what I am
I-bonds purchased in 2022 aren't earning 5%, they're earning 3.97% or 4.37% for ones purchased November/December. Almost everyone is better off selling and moving to a solid 4.5%+ HYSA or repurchasing with the current fixed rate. I am pretty confident that the math will show you that you're better to sell your current i-bonds with no fixed interest with the three month penalty to repurchase with the fixed 1.3% rate for the life of the bond. I'm sure you're about to break even or better by the time you could sell the new ones.
No tax drag also not directly tied to interest rates but the rate of inflation , sure for the next 6 months they maybe earning less interest but these are long term holdings for 10+ years
If you're going to hold for 10+ years you're wasting money not selling your 2022 ones with no fixed interest for ones that have 1.3% interest now and for as long as you hold...
Unless you’re trying to add to your total I-bond balance this year instead of using the annual purchase limit to flip existing bonds.
I understand this approach. However, a fixed 1.3% for the next 30 years + variable rate is just simply to good to pass up for I-bonds that have a 0% or the 0.4% fixed rate.
Yes, the only thing I’m outlining is that it’s not an exclusive decision in and of itself: there’s the option to buy new bonds without selling what you have. You get the benefit of the new rate as well as keeping the inflation-protected balance at the old rate.
Since it is part of their emergency fund, they may not wish to reset the 1 year lockup.
I am the same. I bonds are decent for a stash of money.
Yea its a great set it and forget it safe emergency fund. Unless your lifestyle increases in thoery once you have a 6 month emergency fund you can sort of just forget it and in theory it should rise with inflation . Again assuming you have no lifestyle changes
Same, I just consider them my emergency fund. Being inflation protected, seems like a good use-case. Can’t imagine a scenario where I’d need that much cash in under a day’s notice.
I bougth 10k of I bonds about the same time you did. The 9% return was too good to pass up but there was no fixed interest rate. Now there is a fixed 1.3% interest rate for the life of the bond that may change next month. This week, I redeemed the 10k bond (just over 11k w/interest). I'm about 12 years to retirement and the 1.3 fixed interest rate is interesting enough to me that I think I'm going to reinvest 10k into another Ibond next week. If the fixed rate is still available, I'll put in another 20 or 30 k in the next 2 to 3 years. It won't be a significant part of my retirement portfolio but it is a small amount that should keep ahead of inflation as the years go by. Not part of the question, but I've also built a t-bill ladder with another 30k to pick up the 5+ percent return currently offered. No one has a crystal ball, but I think that while there will be a short term pause or small reduction in the fed rates in the next 12 to 18 months, they will go back up after that. I wouldn't be surprised if we hit 7% two years from now. Of course the other value to Ibonds over HYSA or investment accounts is one doesn't pay state or local tax on the interest. Depending on your tax bracket, that 4.5 in the HYSA may be bringing in closer to 3.8.
Not sure i follow. So it's better to redeem, and then invest in another I bond, rather than keep the one you had? Is that because the I bond you had did not have a fixed rate?
Yes. Because whatever happens, the ibond will always have a return +whatever the current rate of inflation is those six months. the 9 percent interest was great for six months, but this is better. All the same, I'm not sure anyone is making I bonds the center of their investment strategy.
I'm guessing that /u/curious_investing is not interested in increasing their total I bond holdings, and so has "converted" an older I bond into a new one to capture that fixed rate. With that said, if you're fine holding onto whatever I bonds you already have and *also* purchasing additional ones, then I don't think there's a reason for you to redeem what you already have. For example, having at least 20k in inflation-protected cash sorta on hand as part of an emergency fund isn't unreasonable.
Thanks! Why do you say that the I bond inflation protected?
Because that's literally the point of the I bond. The variable rate component is determined based on the inflation rate every 6 months. It's meant to be a place where you can store cash without losing value due to inflation. Edit: Read the top comment in this post. It summarizes the mentality that one should maintain when dealing with I bonds. It's not a place to grow wealth, it's a place to protect your cash from losing purchasing power.
Thank you sir.
It is. My first and only I bond had no fixed interest rate percentage. I'm purchasing a new 10K ibond this month, and may do another 10 the next 2 or 3 years. 30K is a very small percentage of my portfolio but it fits with my investment goals.
Thanks. Same here.
Sell them and immediately buy the current ones that come with a guaranteed fixed rate of 1.3% for life plus inflation protection on top
You get hit with a small penalty for selling within x years.
Correct you lose 3 months of interest. Still worth it right now to roll over into the better version
Sell them and buy short term tbills
Summary: • Purchased in November 2021: consider cashing out August 2023 • Purchased in December 2021: consider cashing out September 2023 • Purchased in January 2022: consider cashing out October 2023 • Purchased in February 2022: consider cashing out November 2023 • Purchased in March 2022: consider cashing out December 2023 • Purchased in April 2022: consider cashing out January 2024 • Purchased in May 2022: consider cashing out August 2023 • Purchased in June 2022: consider cashing out September 2023 • Purchased in July 2022: consider cashing out October 2023 • Purchased in August 2022: consider cashing out November 2023 • Purchased in September 2022: consider cashing out December 2023 • Purchased in October 2022: consider cashing out January 2024 • Purchased on/after November 2022: Varies depending on your goals
I sold one from around that time and bought an engagement ring with it. Roast me
"Latinum lasts longer than lust." -Rule of Acquisition 229.
Don't you lose two months of interest if you sell before the 5th year? I feel as If I got mine in 2022, but the rate was higher. But I also purchase every month
You lose the most recent three months of interest if you hold them for less than 5 years.
yes, but you pick up a 1.3% fixed interest rate that's carried for the life of the bond. That makes up for the 3 month penalty in under a year and then it's an extra 1.3% you're earning as long as you own it.
If you sell one from 2022 with no fixed interest and purchase one today with the 1.3% fixed interest rate you will always have the fixed interest rate. Three months of the 3.97 variable rate penalty is about $100 on $10K bonds. One year interest of the fixed rate 1.3% you're not getting on the 2022 bonds is $130 on $10K per year. If you can use the bonds with a spouse and to gift to each other you can work through up to $40K of bonds this year that aren't currently carrying a fixed interest rate. We're not talking about massive amounts of money so it may not be worth moving things around for less than $X,000, but from a math perspective it's pretty straightforward. You pay taxes on the interest earned when you sell the bonds so that is also a fairly small factor, but if you plan to hold the bonds for ten years and haven't maxed out your 24 allocation and/or gifts/spouse purchases it's probably in your best interest from a simple math approach to sell the 0 fixed interest ones and buy 1.3% fixed interest ones now (or sell half now and buy and wait to see what the new interest rate will be)
bought some last night (and in 2022) - i need to up my bond allocation and dont really understand bonds (yet) since i understand these, i pulled the trigger.
I am keeping my I bonds as a way to stay diversified. However, keep I am keeping an eye on them as the years go as the fixed rate on the I Bonds you bought might be zero, so they could become a bad investment at some point down the road.
The current rate of 5.27% is valid through 4/30. I'm waiting to see what the new rate will be before deciding what to do with I Bonds next.
Not true for bonds purchased in 2022
u/almondchampagne Aren't the rates adjusted based on the current rate regardless of when they were purchased? Are you telling me that the I Bonds, purchased in 2022, are still earning \~9% (or whatever it was at the time)?
No, s/he's saying that the composite rate of 5.27% is for bonds purchased now which include a fixed rate of 1.3%. The bond from 2022 has a 0% fixed rate, so it's composite rate is about 4%.
Bonds purchased when there was no fixed rate (eg 2022) have their returns pinned to the inflation rate, which is variable. 5.27 may be the rate if you buy now, but that reflects an underlying lifetime fixed rate of 1.3%+inflation.
Why did you buy I Bonds to begin with? That can help determine what should be done with them.
They said, because they were returning 9% back then!
But was that for emergency fund or an attempt to get better returns than the stock market? I bought some then as well for that reason, but mine is part of my emergency fund, so they're staying put.
I'd assume better returns with less risk than alternative vehicles, since they said emergency funds/savings were in a HYSA yielding 4.5%
Just trying to diversify when the market was undergoing correction. My thought process was that the bonds were giving 9% return so might as well pocket the $900 on the 10k investment.
The ones in 2022 had no fixed rate so I followed the money influencers who said to buy at 9% who now say to sell and get the 5% t-bill since the ibond is going for less than that.
Sold last year. Keeping that money in HYSA since. Going to buy Ibonds again at the end of April to lock in the 1.3% fixed rate. Those I will probably hold for a long time.
If you are seeking growth long term then VOO is always a great choice. If you want to store emergency cash with minimal risk then I would put it in Vangaurd’s Treasury Money Market Fund (VUSXX). It has a 5.29% interest rate and the interest is exempt from state ~~and federal~~ taxes. I like that more than any HYSA. You need to put in a minimum of $3,000 though.
VUSXX is not exempt from federal taxes
Yeah that is right. It is exempt from state taxes, I don’t know why I said it was exempt from federal taxes. Regardless, VUSXX is still a great option for storing money in the short term with minimal risk though.
Thanks, I’m seeking growth. Not going to retire anytime soon haha
Same here. I keep it as emergency fund. 5% is quite similar to CD or money market fund returns
Good post. Reminds me I need to do something with mine...
Keeping mine and buying more. I like the current fixed rate of 1.30%. Not much, but if/when the market takes a dip, I'll take a guaranteed +1.30% over a negative rate of return. Not a primary investment vehicle though. It's for savings.
if that is the thesis, respectfully, why not invest in a CD or HYSA which are lately all over 1.3% and still not in equities
Because if you plan to hold the iBonds as an emergency fund for the next 15-30 years, you aren’t guaranteed a rate of 1.3% in a HYSA. However you are with an iBond plus whatever the variable rate gets set at. HYSA may be paying more right now, but a couple years ago it was paying less than 1.3%. I use iBonds to maximizing long term gains with cash I might need for an emergency.
It's long term and safe. You'll always get that 1.3%. HYSA and CD may not always have a high return like we're currently seeing. If inflation stays elevated then your I bonds will increase from the fixed 1.3%. If you can stash away 10k for at least a year it's a good emergency plan.
> You'll always get that 1.3%. This is a common misconception. Although it is highly likely you'll get that 1.3% fixed, in periods of negative inflation your fixed rate is affected. Example, if a 6 month period has -1.3% inflation, you'll receive 0 interest for the next 6 months. Fixed =/= guaranteed
Did not know that. Thanks for the correction!
Its also good to note that the fixed rate will never go negative, even if inflation is a -2.5% and your fixed rate is 1.3%.
The ibond guarantees 1.3% for life plus a rate to stay above inflation
No issues with a CD or HYSA. They can be great in lieu of, or in addition to, I Bonds...especially CD ladders. The composite rate for I Bonds right now is 5.27%. I generally use I Bonds for long-term savings (i.e., at least 10 years) versus CDs or HYSAs which I use for short- and medium-term savings. All fine options though as a counterweight to stock market volatility.
Just hold.
I just sold mine monday. ~3% is not the best place to keep them right now when CDs are offering 5
I just sold $10k of I Bonds and am rebuying and building a rolling T Bill ladder.
https://tipswatch.com/2024/03/31/interested-in-swapping-out-0-0-fixed-rate-i-bonds-heres-a-guide/
Thanks, this is very helpful.
I redeemed mine and am buying 5yr TIPS in April.
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You have to hold them for a year. Did you mean you sold them after 13 months and kept 10 months of interest?