John Wasik likes Series I Savings Bonds

Thursday, January 19th, 2006
Categorized as: Yesterday's News (old post archive)

At the end of a column on the consumer debt burden in the U.S., John Wasik, author of The Kitchen-Table Investor and Bloomberg.com columnist, recommends I bonds.

If you or someone you know is handcuffed by debt, try trading debt for savings. When $100 in debt is paid off, buy a U.S. inflation-adjusted bond, or I-bond. This savings bond, paying a 6.73 percent rate through May 1, is a great deal. It’s commission free, compounds interest for 30 years and pays a bonus rate based on the U.S. consumer price index.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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June 1, 2010

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