@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.
I think he means after 5 years you can redeem your bond and not have any interest penalty for early withdrawal.

