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I Bonds Reach 5.51% Interest, But Beware of Risks | Markets & Money News
Series I bonds now offer a high annual interest rate of 5.51%, up from 4.26% last month, attributed to rising inflation. However, they come with restrictions: you can only invest $10,000 yearly, and funds are locked for 12 months. Early redemption within five years incurs penalties. While these bonds can serve as a backup emergency fund, it’s essential to maintain liquidity. Advisors often recommend considering alternatives like TIPS, Treasury bills, and high-yield savings accounts for better
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