Cashed out ibonds today.

Thanks, but it's gonna pend for a few days before it's in my account I think. Will snag something soon after its in there.

Nice! I was late to the party, made a little over 8%

Cashed out 40k. Made 820 on each 10k. Have another 15k coming out in January.

They had a 5/1 or 11/1 purchase date, correct?

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Cashing 20k out tomorrow. Putting them in t-bills but not sure which duration. Since we don't need access to the money immediately, would it be better to pick 4 weeks and keep reinvesting every 4 weeks or go for 17/26 weeks?

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I'm going to do short ones. Maybe 8 weeks for a while as long as they keep rising. If the rise stops or drops I'll lock into something longer.

Thank you

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Why did you cash out your ibonds? Based on when you bought you were still earning 6.5%. I’ll be waiting until the rate is below the 4% my savings account currently has.

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I was earning 3.38% currently. There was no fixed rate when I purchased like there is if you buy now.

So if you mean (9.6+6.8+3.4)/3 = 6.6%, then yes it was basically like I was currently earning 6.6% over the whole period I have had them if I kept them til the next drop.

But, lets say I left the 40k in there til the next rate drop+3months for what I would lose cashing out. I would have had 40k at 6.6 invested for a year and 9 months. But I would lose the last 3 months, so I would only get what I would have earned in 1.5 years. 3960 dollars earned in 21 months.

But since I cashed them out when I did I earned 3280 in a year and 3 months off the ibonds. And if I reinvest 40k in a 26 week T-Bill for 5.4% I will earn 1080 off t-bills in the next six months.

So I'll earn 4360 in the same 21 months vs if I left them in and earned 3960. And that's not counting the 3280 I earned being reinvested in T-bills.

Plus I'm maxing IRA with it and some other stuff.

Thanks, not sure why the downvotes. Nothing I said in here is wrong or untrue.

I probably could have invested in some stocks short term and done better, but I don't know enough about that yet.

Got my order in for 26 week Tbills through Fidelity for 5.44% Auction on Monday.

Cause you bought in April at the rate that was going from Nov through the end of April it was like 7 something %.

The rate switched in May to 9.62 (when I bought). But you locked in that 7% for six months, then you earned 9.62 for six months. Now your earning the rate that came out last November 6.48.

So April- Sept 22 (you earned 7%ish)
October-March of 23 (you earned 9.62%)
Now April-Sept 23 (you will earn 6.48%)

Then in October you will switch to 3.38%

If I had bought a month early I would have been like you, like I said I was late to the party.


I think it's 6.84, though if I remember correctly. Not that it really matters, you get the drift.

No problem, if you don't have something better to stick it then 4% savings and T-bills are still high you might want to cash out Jan 1st and do what I did.

Or let it ride another 6 months Cause you lose that last 3 months interest.

Let say you did 10k.

And it was 7.1, 9.6, and 6.8.. then 3.4

If you cash out in January you would have had it in for 1 year and 9 months. But you will lose the last three months of 3.4.

So you will basically earn (7.1+9.6+6.8)/3 = 7.8% for 1.5 years. So .078×10000 + .5*0.78*10000 = 1170 (11% like the other guy said)

Then you take that 11170 and stick it in savings for 6 months at 4% (if it stays that, could go up or down obviously). You would earn .5*.04*11170=223 dollars.

But if you left it in ibonds at 3.4 for another 6 months you will have earned (7.1+9.6+6.8+3.4)/4 = 6.72% over 2 years and 3 months (when you cash out and lose the 3 months).

So .0672x10000x2 = 1344 earned

1344 (left in for 6 more months) vs 1170+223 or 1393 (cashed and put in 4% savings for 6 months).

Pretty close. Would just depend on what your bank account is paying, if you think it would go up or down, or if you have something else better to stick it in.