Series "I" Bonds pay 5.64%

Not an overly exciting blog topic today, BUT this rate is far and above what is being offered by most banks for 1 to 2 year CD rates. I see those rates at 3 to maybe in some cases as high as 4.5%...So Uncle Sams offer to sell us I Bonds between now and April at 5.64% looks good to me.

Make good Christmas presents to offsprings and grand offsprings alike. Everybody needs or could always use a few more of these especially at Christmas time...Especially this year with the whole world being a bit shaky...How safe you ask? Well for my money its as safe as you can get...If uncle can not back up his promises we are probably all broke and on our way to the bread lines..Lets hope not, lets pray the answer man Obama will have some good people around him and we get this bow out of the water soon and power to the prop...The economy is limping badly and probably enough guilt to cover the entire business spectrum from government to CEO's to greedy businessman and bankers...All coupled together one disgusting mess...

We all should have seen it coming with loans being made on homes and auto in the 130% of value range, hindsight tells me inevitable that this ship would soon hit a really big chuck of ice.....Lets hope there are enough life boats to go around, the water will soon be cold....I wish no bail outs would have came...I think it would have been better to allow the weak mismanaged ships to sink and the strong to move on along..The course we have taken will then weaken us all...But government has always prided itself to saving people or making it appear that way..more of the same is on its way, epecially when the democrats take the reins....Sinch your saddle another notch or two could be a rough ride for awhile...

Clicking on the title above will take you to the I bonds website..but you have to ask for and order them from your local bank...they do not like selling them of course because the rates are higher than thier CD rates...they usually plead ignorance when asked what I bonds are paying...I guess its all in the game...