MINT HILL, NC – Do you believe some things are too good to be true?  With inflation soaring to 8.5% in the most recent CPI report, some attention has been garnered to the government-backed investment known as Series I Savings Bonds. These bonds have been in the headlines for their mouth-watering 7.12% annualized yield which has now soared to an even higher 9.62% level in May.  Interest rates change every six months.

Individuals are required to hold the bonds for 12 months and there are penalties for not holding longer than 5 years.  The prior 3 months’ interest payments are forfeited for redemption prior to 5 years.  You can buy up to $10,000 worth of I bonds annually, and an additional $5,000 with your tax refund for a max of $15,000 per individual per year.

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This article was written by Beaumont Capital Management for use by your local Cambridge Investment Research Financial Advisor.

To discuss further, please contact me at (704) 817-4480 Option 2, or by email at mmiller@fulcrumwealth.com.

This is intended for informational purposes only and should not be used as the primary basis for an investment decision. Consult a financial professional for your personal situation.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors Inc., a Registered Investment Adviser. Fulcrum Wealth Advisors and Cambridge are not affiliated.