iBonds have been creating quite the buzz lately! But, are they right for you?

What are iBonds? How do iBonds earn interest? Understand the risks and opportunities.

The latest investment buzz is that the initial interest rate on new Series I Savings Bonds is 9.62%! You heard right. This exciting interest rate has definitely caught everyone’s attention, and I Bonds can be purchased through October 2022 at the current rate. That rate is applied to the six months after the purchase is made. For example, if you buy an I Bond on July 1, the 9.62% would be applied through Dec. 31.

It sounds great, but are Series I Bonds right for you?

Jerrod Ferguson is the vice president at Vance Wealth in Santa Clarita, and here he guides us through all the important points. First, an I Bond is a savings bond that earns interest based on combining a fixed rate and an inflation rate. They are non-marketable. They can’t be bought or sold in secondary securities markets.

Read Jerrod Ferguson, Vice President of Vance Wealth’s recent interview published in the Santa Clarita Signal as he guides you through important points to consider.

Read the article in its entirety here.

Jerrod Ferguson can be reached at Jerrod.Ferguson@VanceWealth.com

Disclosures: Vance Wealth, Inc. (“Vance Wealth”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Vance Wealth and its representatives are properly licensed or exempt from licensure. The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor. The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.