Consider this investment if you're worried about losing all your money

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

For investors on the hunt for a safe place to stow some of their money, the Series I savings bond might be a good fit.

Series I savings bonds are earning 1.9% — that's a fixed rate of 0.5% and a variable inflation-based rate of 1.4%.

You buy this type of bond directly from the Treasury Department, and the annual limit for electronic purchases is $10,000. The Series I savings bond, issued by the U.S. Treasury since 1998, comes with a fixed rate of return, plus variable interest that's based on the rate of inflation. And while these bonds come with holding periods, and investors could earn more elsewhere, the option offers some guarantees that may appeal to skittish investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'You're being faked out' — Cramer says the US economy is better than the stock market reflects'It's very easy to take our cue from a false cue,' argues CNBC's Jim Cramer, warning investors not to move too quickly when markets are in turmoil. Suddenly the guy screaming at the Fed it’s weaaaaak! Say it’s not? He's worried about losing more money lol Bear Stearns is gonna be fine.
Source: CNBC - 🏆 12. / 72 Read more »