@mistercheap said in *PSA* I Bond Rate deadline tonight 4/27/23 at midnight.:
@dangeruss said in *PSA* I Bond Rate deadline tonight 4/27/23 at midnight.:
@mistercheap said in *PSA* I Bond Rate deadline tonight 4/27/23 at midnight.:
Treasuries and Money Market accounts presently (all in the 4-5%) range. over 12 months that averages out to 5.2% on I BONDS and your money is tied up for 5 years
What do you mean 5 years? The bond is for 30 years but you can sell after 1 year and lose 3 months of interest. If the rates are going to go down, I think it’s a safe bet that the bank rates are going down as well.
You can cash it in with no penalty after 5 years. that’s what I meant. Re: Interest rates, there’s a lot more than inflation at play right now, the banking crisis, which still may not be over will keep rates high as there’s less capital available to lend. Also, it is forecast that we may be on the horizon of another financial crisis with commercial real estate.
https://www.newsweek.com/crash-worse-2008-crisis-predicted-commercial-real-estate-1792758
Maybe they will convert to residential. Or maybe companies will create offices worth commuting for. Our company redid one of the floors and its more fancy now, lounges and stuff and a coffee bar, but you’ve gotta pay for the coffee. The regular kitchens have those packets of coffee which produce something just barely drinkable. They need to up their game and start having perks that start ups used to have - espresso machines, cold brew and kombucha on tap, maybe even beer, catered lunches, then maybe people would actually want to be in the office instead of being forced to for the sake of the leases and local economy.