Jeff Brown likes I bonds, but not now

Monday, April 10th, 2006
Categorized as: Yesterday's News (old post archive)

Jeff Brown, financial columnist for the Philadelphia Inquirer, usually recommends Series I Savings Bonds, but recommended investing in CDs for now in yesterday’s column, For now, stay away from Savings Bonds.

In the article, Brown says Dan Pederson thinks the next I bond fixed base-rate might go up:

Pederson estimates there is a 50 percent chance the government will raise the fixed rate to attract investors to I bonds, but he doesn’t expect it to go any higher than 1.2 percent to 1.4 percent.

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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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