Poll of the Day > Savers, rise up!

(+) Yeah! (+)

https://www.cnbc.com/2022/10/18/how-to-get-9point62percent-annual-interest-for-series-i-bonds-before-november.html

https://www.cbsnews.com/news/i-bond-demand-crashes-treasury-website-ahead-of-9-6-rate-deadline/

With the deadline fast approaching, the Treasury Department is opening more I-bond accounts each day than it typically creates in a year, according to an agency official.

After 15 years of oppression by the Federal Reserve, we're finally seeing a return to normalcy. Interest rates are back, and the I Bond is paying an actually good rate.
If you can get your I Bond order processed by Oct 31 (which means purchasing it by today, to be sure it's processed by then), you lock in a 9.62% rate for the first 6 months, and then the next 6 would be roughly 6.5%. Won't know till May what the rate is after that. If you miss the Oct 31 deadline, you miss out on the 9.62% rate.
Needless to say, the Treasury website is getting massively swamped, lol
I got my order in late last night, even well past midnight the site was crashing on me, but nowhere near as bad as during the day.
If you want in and haven't already, well... good luck.

Took about an hour of refreshing,but I put in the purchase just now. Shame it caps out at 10k tho

joemodda posted...

Took about an hour of refreshing,but I put in the purchase just now. Shame it caps out at 10k tho

Per person, if it helps.
Did one for me last month, waited foolishly to set one up for my wife, so that's what I was struggling to get in.
I thought you could do a joint account for $20K, but couldn't get the site to work for that.

Great for those that can afford that. What about those less fortunate? And don't tell me to work harder. I bet I work harder than all of you at my job at FedEx and you fuckers don't deal with dipshits with less than half a brain cell all day.

Arcturusisnow posted...

Great for those that can afford that. What about those less fortunate? And don't tell me to work harder. I bet I work harder than all of you at my job at FedEx and you fuckers don't deal with dipshits with less than half a brain cell all day.

We truly live in a society

Well, the safe deadline is past now. Maybe you can still get the 9.62% rate if you try now, but might get shunted to Nov. 1 or later and miss out. Still means a 6.5% rate for the first 6 months, but...no idea what the next rate would be. Still probably better than a savings account.

You can take the money out after a year, you just lose the last 3 months' interest if you take it out before 5 years. But if the interest rate drops to nothing later on, that's hardly a penalty.