Picking up Nickels

Wednesday, November 01, 2006

Time to cash in August issue I Bonds

I continued my I Bond liquidation today and cashed in the I Bonds that I bought in August 2003.

While my existing I Bonds aren't an attractive holding with an earnings rate of 2.11%, the Treasury announced today that they will leave the fixed interest rate portion at 1.4% for November 2006 issue I bonds. Although the 4.52% composite rate is less than what many money market accounts are now offering, it may be a nice place to put cash in April 2007 if 5% money market rates are no longer available early next year.


Post a Comment

Links to this post:

Create a Link

<< Home