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Originally Posted by NYYFan63
Funny you should mention the IBond. A buddy of mine mentioned it to me this afternoon. I have never heard of them but they pay a great interest rate.
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Have to buy it direct from the US Treasury. They put a cap of $10k per year on you. If you withdraw after less than 5 years then you pay a penalty equal to your interest earned for the previous 3 months.
And the rate is nice now, but it will fluctuate based in inflation. So it could go down, depending on just how transitory inflation really ends up being.