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Inflation adjusted US government bonds paying 7.12%

With interest rates on savings ate rock bottom low, check out U.S. Government I-bonds. NEWS: The initial interest rate on new Series I savings bonds is the second-highest ever: 7.12 percent. You can buy I bonds at that rate through April 2022.  Details at: https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm Be sure you understand how I-bonds work. You can’t access…

U.S. Government I Bonds (inflation protected) are the best savings option you probably have never heard about

“In today’s yield-parched world, money-market funds are paying 0.02%, bank savings accounts 0.13%, a three-month Treasury bill 0.015% and even a 30-year Treasury bond only 2.25%.” Wall Street Journal writer Jason Zweig reminds us of one of the best kept secrets for savers; I-Bonds. These savings instruments are inflation-protected U.S. savings bonds that are currently…

How to build an emergency fund in the midst of an emergency

Now is not the time to stick your head in the sand and bemoan your situation! You are not alone.National surveys by the Federal Reserve have found that many households would struggle to handle an unexpected $400 expense. Writing for The New York Times, Ann Carrns provides this helpful advice from finance experts: Even small…

Looking for savings options that pay more than 1/10th of 1%?

Check out Jean Chatzky’s advice on where to find the best savings options today, “How to grow your savings and reach your short term goals faster,” at: https://www.nbcnews.com/better/business/how-grow-your-savings-reach-your-short-term-goals-ncna857871 “Although the average savings accounts are (as we noted) paying peanuts, the best are paying almost 20 times that much. You just have to search for them…