Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Another question about the I-bonds:

the current 7.49% interest rate is an annual yield, no? Cashing out at six months would yield three months worth of interest, correct?

how often is the interest compounded? the article Pixy wrote indicated there was a "monthly" payment delivered upon cashing out that you receive. This leads me to believe there is a compounding factor involved here...can someone explain?

I'm just curious because I am wondering whether it would be worth my time to make a 0% APR purchase on my new credit card to get an I-bond that I could cash out before any finance charges accrued...

thoughts? and thanks for the help.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.