> Almost everyone should invest in Series I Bonds

For money you need in 1-5 years, sure. Otherwise, I bonds start to lag behind stock investments for long-term real returns.

They don't offer near 10% anymore. It's now mid 6% and expected to decline.

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Yeah for one year. Pretty much nothing will perform better than this. And for 0 risk this is a cheat code. 😂The rates are already pre determined.

Dang, i was able to lock in a few weeks ago. You are right tho. 6% is probably still better than anything else.

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The rates update every May 1 and Nov 1 based on inflation. It's only better than anything in the short run. Won't be long before treasuries pay better and don't come with the penalties.

It’s not really. You can get 1 year treasuries at 4.7%, which is likely to be as much as or more than an I bond kept for 12 months after the penalty.

No, not almost everyone should. People who have a particular short term goal they are saving up cash for should. Saving for a down payment on a house or something? I bonds are great.

All my current savings goals are either less than one year (emergency savings which I might need tomorrow, summer vacation), or very long term (retirement). Neither of those are suitable for I bonds.

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That is exactly my plan hold for a year and shelter from inflation for free.

>Pretty much nothing will perform better than this.

This was valid up to about 1 year ago. Not so much anymore and the new rate is way lower, stocks have bounced back quite a bit and im not so sure the market wont out perform ibonds in the next 8-12 month. Heck you can find 1 year bonds and cd's paying really close to the next ibonds rate without the penalty.

Idk for me the next year is a sh**show and not sure about where to invest. This way you can safely park your money while you wait for the bottom.

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Its following inflation

Mate you probably shouldn't put $10k into something you don't understand. You're not getting 10% for 12 months. You're getting a 9.62% rate for six months, and then a 6.48% rate for six months, and if you sell at that point then you lose three months of interest.

If I'm doing the math right, then your blended rate after one year including the penalty, for I bonds purchased during the past six months, is about 6.54%.

That is exactly how I understand it. Its a no brainer. Tell me something that will return anything like that in the next year for sure with 0 risk.