I buy these almost monthly and have for some time now. Always buy them close to the end of the month 27th-28th and you will receive interest for that entire month, increasing the yeild a bit.

I don't know anything about savings bonds, so please excuse my dumb question:
I've been looking at the TD website, and I saw a reference to series I bonds:
"When can I cash (redeem) an I Bond if I need the money?

You can cash your Series I bonds anytime after 12 months. You receive the original purchase price plus interest earnings. I Bonds are meant to be longer-term investments; if you redeem an I Bond within the first 5 years, you'll lose your last 3 months interest."
http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ifaq.htm

But, then I can't find anything else out about Series I bonds. Can anyone please explain? thanks

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Discount8 said:Now the stock market is closed to the very bottom, see why the market is closed to bottom. It is better to invest money to stock verse bond.

Cool, why don't you set up a fund, pay me a guaranteed 10% interest and you can keep all of the profits you make since you are able to predict the stock market?

Thanks for the correction and great English! Please ignore the link. It was posted in a rush by mistake.

xerty said:Wait until Wed morning and we can see what the inflation numbers are for March. Then the whole first year of the I bonds returns will be known. I'm thinking about 3.5% for the March inflation number myself...

Can you elaborate a bit on this? The current rate is 4.28 right? So that is at least the return you will get for the entire year, right? When the March numbers come out we will just have a better understanding of what waiting to buy would give us, right?

craig10x said:No, it would only "lock in" that 4.28 rate for 6 months.....when the next 6 month period starts, you will get whatever the May rate is (for the next 6 months from that point).....that's how it works.....
The 4.28% is for the first 6 months from when you buy the bond (assuming you buy before May). The rate for the next 6 months after that ("the May rate") will be fully determined by the CPI numbers released tomorrow morning so you'll know it two weeks before May actually shows up.

English is the second language of 36 Million US citizens. Average earnings of that 36 million is way above earnings of average American. Hardly ever their old parents have to live in nursing homes and they have very low divorce rate. There is a 30% chance that your children will never visit you at the nursing home.
So there is no real reason for you to be proud of your language skills.
It would have been much appreciated if you had point out the mistake without discouraging people to post. There was much struggle to post this message because of the fear of picking on grammatical errors.

ScrawneyWallet said:Discount8 said:Now the stock market is closed to the very bottom, see why the market is closed to bottom. It is better to invest money to stock verse bond.

In English we say, "close to bottom," not "closed to bottom." But thanks so much for your really great link...not.

"[...] There is one last “trick” with I-Bonds, and it is that if you buy at the end of the month, you’ll still get all the interest for the entire month as if you bought it in the beginning of the month. Let’s say we buy at the end of March (this week!), hold for the minimum of one year, and pay the 3-month interest penalty. You’ll be able to sell on March 1, 2009 for an actual holding period of 11 months"

More importantly, there are reports of people still being able to buy $30,000 worth of I-bonds online even though it says $5,000 paper/$5,000 online max.

My Money Blog - I Bonds