kaush
Hi:
This is my first post to this forum. Although I have been trying to follow some of the conversations here for a few weeks now ....
I have been reading up on Savings bond and need a few clarifications on Series I bonds. Would appreciate hearing from someone who knows about these things.
-Can the interest rate at which I buy bonds can go down below the rate in which I bought them? e.g. Series I bonds are now available at 4.66% interest. If I buy some bonds now at that interest rate, can the rate applicable for those bonds ever fall below that rate for the perior (say 5 years) for which I keep it (I understand that it will increase if inflation goes up, but will it go down if inflation goes down)?
- I am currently a resident of USA and hope to live here for the next two years. But if I go back to India afterwards (or move to another country like Canada, Uk etc with which US has friendly relationships ), can I redeem the bonds from that location? Or should I need to redeem the bonds before I go back? (I think I read somewhere about the ability to redeem bonds that had already been bought from any overseas location so long as that country is not on any US black list, but I would like to make sure that I read it correctly)
-Does the treasure send out monthly/quarterly investment reports available to bond holders or (if that is too much to ask for :-)!) do they make such reports available online?
Would very much appreciate hearing from someone who is clued in on treasure bonds. I tried calling the phone no on their site. But it does not have human assist ....
This is my first post to this forum. Although I have been trying to follow some of the conversations here for a few weeks now ....
I have been reading up on Savings bond and need a few clarifications on Series I bonds. Would appreciate hearing from someone who knows about these things.
-Can the interest rate at which I buy bonds can go down below the rate in which I bought them? e.g. Series I bonds are now available at 4.66% interest. If I buy some bonds now at that interest rate, can the rate applicable for those bonds ever fall below that rate for the perior (say 5 years) for which I keep it (I understand that it will increase if inflation goes up, but will it go down if inflation goes down)?
- I am currently a resident of USA and hope to live here for the next two years. But if I go back to India afterwards (or move to another country like Canada, Uk etc with which US has friendly relationships ), can I redeem the bonds from that location? Or should I need to redeem the bonds before I go back? (I think I read somewhere about the ability to redeem bonds that had already been bought from any overseas location so long as that country is not on any US black list, but I would like to make sure that I read it correctly)
-Does the treasure send out monthly/quarterly investment reports available to bond holders or (if that is too much to ask for :-)!) do they make such reports available online?
Would very much appreciate hearing from someone who is clued in on treasure bonds. I tried calling the phone no on their site. But it does not have human assist ....