Viewing a single comment thread. View all comments

fluffy_bunny22 t1_j6ocml4 wrote

Bonds are all virtual now and a little more complicated to buy. We converted all of our son's paper bonds to digital and it was a hassle. The account number is complicated and not easy to remember. If you want family to buy bonds for the grandkids they need the account number and need to be digitally savvy. I suggested we buy some bonds recently and my husband didn't want to go through the hassle because I think you can only buy 10k per person. He didn't think the return was worth the hassle of the website. We do have CDs that we have laddered to mature every 2 months.

3

nrj3697 t1_j6ofid1 wrote

You are able to buy bonds from your brokerage as well. All of them usually have new issue bonds on there.

3

fluffy_bunny22 t1_j6ohtsd wrote

I will mention that to him since we have a good bit of cash coming in soon.

2

nrj3697 t1_j6oiq6a wrote

Yeah if you use fidelity or any of those they have them on their. You could also lock in some CD's for nice rates long term if that's what you wanted to do.

2

fluffy_bunny22 t1_j6ono57 wrote

We use Merrill for our brokerage so I'll have him check. We use Ally for our CDs. I remember back in the day when I worked at a bank you could get 8% for CDs. I worked in the IRA department and had to pull paper files sometimes and there were customers who had at one point had CDs at like 13%.

3

nrj3697 t1_j6oohjy wrote

That’s crazy

3

fluffy_bunny22 t1_j6oq0ga wrote

It was the 80's. It's going to be my grandma claim to fame along with when I was younger gas was 69 cents a gallon. It was technically only that cheap for 2 weeks because a new station had opened and they wanted to drive traffic their way.

2