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Mashtatoes t1_iujspy0 wrote

It’s probably not even worth it now. You can get 4.7% guaranteed on a one-year treasury, with no three month penalty for early withdrawal. If you withdraw an I bond in 12 months, your effective rate will be 4.85% if the interest rate stays the same (and the government is doing everything it can to make that number go down in six months).

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WhydIGetLocked OP t1_iujswxm wrote

Ty, hopefully shouldn’t need to withdraw it early though, are there any other benefits?

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Mashtatoes t1_iujtb8q wrote

If the inflation rate gets worse, you can keep that money in there for years and benefit. More likely, it returns to a 2-4% rate for the medium term, trailing the interest rates of treasuries.

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