ST Alpha - "Your new Series I Bond fixed rate is 1.2%, down from 1.3%. Combined annual rate for next 6 months is 3.11%" (Reading a Post)

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Your new Series I Bond fixed rate is 1.2%, down from 1.3%. Combined annual rate for next 6 months is 3.11%

Posted by Bayronmax (aka BaronWasteland) Nov 1 '24, 05:02

Ah yes, 311. I remember their hit.

Responses:

I've never bothered with bonds. They are for 30 years? -- nm - ty97 Nov 1, 05:38 6
- There are two different kinds, series EE pays you a fixed rate and is guaranteed to double after 20 years but stops accruing interest after 30. Series I pays you a variable rate -- (edited) - znufrii Nov 1, 05:42 5
  - oh so they aren't really for 30 years (or aren't required to be at least) -- nm - ty97 Nov 1, 05:44 4
    - Correct. - znufrii Nov 1, 05:49 3
      - That $20 savings bond you got from Pop-Pop is set to mature any day now! -- nm - Bayronmax Nov 1, 05:52 2
        
        Thanks, Pop-Pop! -- nm - znufrii Nov 1, 05:59 1
        
        Off you go to spend it on penny whistles and moon pies! -- nm - Ghost of Pop-Pop Nov 1, 06:07
*updates his spreadsheet* -- nm - znufrii Nov 1, 05:26
Still have some I bonds, probably will cash out. -- nm - James Bond (aka Igor) Nov 1, 05:17 5
- If you have some old zero base rate ones, I would strongly consider it. I did that earlier this year, rotating into the newer 1.3 base rate. -- nm* - Bayronmax Nov 1, 05:26 4
  - Yes they are a few years old when the fixed rate was little -- nm - James Bond (aka Igor) Nov 1, 05:31 2
    - Note that there is a penalty of three month’s interest for early withdrawal, so depending on when your rate reset is (based on month of purchase) you may want to time it -- (edited) - znufrii Nov 1, 05:35 1
      - Yup. Thanks. -- nm - James Bond (aka Igor) Nov 1, 07:23
  - Yup. -- nm - znufrii Nov 1, 05:30
If you put it in index funds the return over the last six months would have been 9.67%. -- nm - Krusty Nov 1, 05:10 3
- Yes, but that carries a risk of volatility with it. Sometimes you need fixed income - Reagen Nov 1, 05:14 2
  - (and to be clear I'm like 90% equity right now) -- nm - Reagen Nov 1, 05:15 1
    - Same. I use the I bonds as supplemental savings and like the inflation-beating guarantee. -- nm - Bayronmax Nov 1, 05:28

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Your new Series I Bond fixed rate is 1.2%, down from 1.3%. Combined annual rate for next 6 months is 3.11%

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