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Tuesday, June 20, 2006


US Savings Bond Update to Update

The I-Bonds dropped at mentioned by "anonymous" in the comments section. I read from professionals that now is the better time to buy I bonds than several months ago. The reason for their argument on this notion is that the fixed component in the calculation for interest rates for the I bonds went from 1.0% to 1.4%. I must agree that would be the better pick, but I would want an even higher fixed component as I got back in 2000/2001/2002.

The 6/2000 I bond did drop to 4.62%, so that is the current rate I am earning on these bonds, and not the 2.41% that "anonymous" had mentioned. So, I am not kicking myself too much!

But, I am upset that Uncle Ben Bernanke (Fed Chairman) is so determined to fight interest - otherwise we could have been heading for double digit returns. That just means that we are "MORE THAN LIKELY" heading for a recession over the next 1-2 years.

Hey Fellow, you have a top-notch blog here!
If you have a moment, please have a look at my savings account interest rates history site.
Good luck!
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