Thursday, July 07, 2005

I Bonds from Treasury Direct

Here's a nice conservative way to sock away some savings. You can buy US treasury bonds online. I still have one paper savings bond at home, but they are now transitioning to online accounts-- much better than worrying about losing a paper bond if the house burns down. At, you can buy EE and I Bonds. I like the I Bonds as they are indexed to inflation. You buy them at face value and they earn interest until they mature in 30 years. Currently the rate is 1.2% above the rate of inflation, or 4.8% total. This is better than most CDs, I think.

Just another basket to put your eggs in!

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