4 ms·
US Treasury Series I Savings bonds are currently paying 4.6% per year (their rate rises with inflation), income is tax exempt until redeemed, and can be redeeme
by illumin8 15y ago
US Treasury Series I Savings bonds are currently paying 4.6% per year (their rate rises with inflation), income is tax exempt until redeemed, and can be redeemed at any time after 1 year.
I think you'd be better off going to the nearest bank with your $1,000 and buying an I bond. It's not a popular thing to do (only grandmas seem to like these things), but it's a pretty much slam dunk investment with zero risk.