No. of Recommendations: 1
So would it be a good idea for me to put some of my savings into I-Bonds? Are there any drawbacks I should be aware of? Any advantages/disadvantages?? Any info on this topic would be much appredicated

- Tax deferral until maturity, or even tax-free if used for higher education
- Better rates compared to 1-year CDs

- Penalty for withdrawal before 5 years
- Rates are not fixed and will vary every 6 months (this might also be an advantage, depending on where rates go)
- Annual limit on purchase amount
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