Show HN: Earn 9.62% on US Treasury I Bonds on Yotta

Re:Show HN: Earn 9.62% on US Treasury I Bonds on Yotta by pradn on Wednesday October 05, 2022 @02:48PM (#33099685)

This is a fantastic initiative. Yotta is gamifying savings, because why not? And it's FDIC-insured so I don't have to worry about trusting money to a start-up.

I think the UI-improvement over dealing with the treasury website is substantial. Good work on finding the opportunity and setting it up transparently via your already-existing buckets feature.

A note of appreciation, that's all.

[ Parent | on HN ]

Re:Show HN: Earn 9.62% on US Treasury I Bonds on Yotta by pb7 on Wednesday October 05, 2022 @07:01PM (#33102299)

Your I Bonds are not FDIC-insured. FDIC does not insure bonds. If your account gets compromised, there's nothing they can do for you.

https://www.fdic.gov/resources/consumers/consumer-news/2022-...

[ Parent | on HN ]

Re:Show HN: Earn 9.62% on US Treasury I Bonds on Yotta by adammoelis on Wednesday October 05, 2022 @02:49PM (#33099703)

Thank you - appreciate it!

[ Parent | on HN ]

Re:Show HN: Earn 9.62% on US Treasury I Bonds on Yotta by MrFoof on Wednesday October 05, 2022 @02:59PM (#33099838)

Been using Yotta since the early access-ish launch. I was always prowling for something like it once the American Savings Promotion Act (https://en.wikipedia.org/wiki/American_Savings_Promotion_Act) was passed. Does its job, does it easily, and my effective APY has been MORE than competitive. For certain.

I have always bought I-bonds direct so doesn't apply to me, but making that easier for the average person -- and more importantly, increasing awareness of their existence -- is a good thing. It's about accessibility for people still getting their financial footing.

Just getting the average person to save more is a good thing, and accessibility is key to that.

[ Parent | on HN ]

Re:Show HN: Earn 9.62% on US Treasury I Bonds on Yotta by adammoelis on Wednesday October 05, 2022 @06:53PM (#33102231)

Thank you!

[ Parent | on HN ]