I accidentally loaned all my money to the US government

Re:I accidentally loaned all my money to the US government by 8bitben on Sunday May 01, 2022 @11:36AM (#31225880)

You missed the window to lock in the older interest rate (7.12% APY) for six months, but it is widely expected that the May rate change will increase the rate even higher.

You can still purchase I-Bonds, with the understanding that the May rate will be adjusted again in 6 months (it could go down if inflation goes down) and you won't be able to pull your funds for a minimum of one year.

It's a great option for inflation protection if you can let that money sit for awhile. https://www.treasurydirect.gov/indiv/research/indepth/ibonds...

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Re:I accidentally loaned all my money to the US government by swarnie on Sunday May 01, 2022 @12:49PM (#31226502)

Is this open to non-US citizens?

Arguably an i-bond would out preform anything in my portfolio based on the last six months.

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Re:I accidentally loaned all my money to the US government by sgent on Sunday May 01, 2022 @02:10PM (#31227278)

You have to have a social security number so citizen, current or former resident or work visa holder.

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Re:I accidentally loaned all my money to the US government by robocat on Sunday May 01, 2022 @03:31PM (#31227933)

Not former. From https://www.treasurydirect.gov/indiv/research/indepth/ibonds...

  Yes, if you have a Social Security Number and meet any one of these three conditions:
  - United States citizen, whether you live in the U.S. or abroad
  - United States resident
  - Civilian employee of the United States, no matter where you live

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