In our journey to find better fortunes and grow our investment portfolio, we have found a small treasure chest ahead in the form of I series bonds. El Captitan logged onto US Treasury direct today and was greeted with a notice that the I Bond was paying a respectable 7.1% return.
There are a few caveats, the maximum limit for this is $10,000 so the maximum interest you can earn is limited however these bonds are backed by the US Government (i.e. US taxpayer) so they are fairly safe investments.
If you are interested in buying, make sure you log on to TreasuryDirect.GOV and buy the I Series Bond and NOT the EE series bond which is paying a paltry 0.10% interest rate. If you don’t have an account at TreasuryDirect it doesnt take long to create an account. The rate won’t last forever as it changes from time to time so better hurry!