Can you offer investment advice? I'm debt-free, about to start earning $2k more per month than I need to survive. Please offer any suggestions for optimal investment method(s).
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They’re only paying like 3.6% right now. I’ve been earning more interest in a high yield savings account lately and it doesn’t have all the withdrawal penalties.
They’re structured to pay barely more than inflation - 0.0-0.5% more through most of this century - which means that even the 5.27% rate on todays bonds will fall when inflation goes back to its 2% target. They’re about the safest investment you can make, but you’re not going to increase your purchasing power.
The rates will update every 6 months on both ends, but depending on when you buy, your new 6-month rate may lag behind by 1-5 months after they’ve changed it on their end.