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You can place your emergency fund in I-Bonds over several years. You can buy $10k max a year, and withdraw with a 3 month interest penalty after a year. Right n
by avgDev 5y ago
You can place your emergency fund in I-Bonds over several years. You can buy $10k max a year, and withdraw with a 3 month interest penalty after a year. Right now the rate is 7.6% I believe for the first 6 months. It should protect that money from inflation.
- deanmoriarty 5y agoYou will pay taxes on the interest, so the purchasing power will still diminish. Disclaimer: I still happily purchase 20k of I bonds and EE bonds a year for diversification purposes, in addition to my index funds.
- ryandrake 5y agoThey are at least exempt from state and local taxes, which is nice.