Federal I Bond Question

[kanga1]

Probably a bad question to ask after I already bought 10-$1000 I bonds.....will buying 10 I bonds at $1000 each earn the same amount of interest as buying 1-$10,000 bond? My reasoning for doing separate ones is so I can only cash out what/if I need and let the others continue to grow with interest....

[mainelyfoolish]

It’s the same amount of interest either way, but you didn’t have to buy ten separate bonds. You can cash out part of an electronic I-Bond and leave the rest in place. The minimum to cash out is $25 and you have to leave at least $25 (principle and interest) remaining.

www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iredeem.htm

[kanga1]

Nov 17, 2021 14:44:05 GMT -5 mainelyfoolish said:

It’s the same amount of interest either way, but you didn’t have to buy ten separate bonds. You can cash out part of an electronic I-Bond and leave the rest in place. The minimum to cash out is $25 and you have to leave at least $25 (principle and interest) remaining.

www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iredeem.htm

Where is the emoji for smacking my forehead with my hand? Thanks I did not know that. Back in the days of paper bonds from grandparents I liked cashing out $500 at a time during college so I didn't blow all of the money I had in bonds.