Series I Bonds
Series I bonds are also popular investments
even though they are not quite as popular as series EE bonds. In the past, only
paper series I bonds were sold but nowadays there are
electronic series I bonds, as there are electronic series EE
savings bonds. Below are some facts about series I bonds. You
can even convert your paper US savings bonds into electronic
savings bonds quite easily if you qualify.
How much are series I bonds?
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Unlike series EE bonds that
can be purchased at discount, series I bonds
are sold at face value even when sold in
electronic form.
Electronic series i bonds,
can be purchased for as little as $25 and as
large as $5,000.
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The maximum amount that you can purchase of
series i bonds is $5,000 in any calendar year.
How to buy series i bonds?
You can buy series i bonds in the same way
you can buy series ee bonds.
How much are the interests of series I
bonds?
What is most attractive about series i bonds
is the fixed rate of return as well as the variable semiannual
inflation rate that are combined. The variable rate of series i
bonds is based on CPI-U for March and September.
Interest on series i bonds compound
semiannually for 30 years, much like the series ee savings
bonds.
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