Savings/investments/bonds Master Thread.

[shmooz]

I don't know if a non profit can buy but this is considered as risk free as it gets. The govt is guaranteeing it.

[bubkiz]

I read some of the 160 messages in this thread, but not all of them, so forgive me if this was already mentioned or if this is the wrong thread.

Can a non profit purchase $10k worth of I bonds? Yes

Do I understand correctly that this is in no way more risky than it sitting in a checking account? Correct

Because I'm dealing with money which isn't mine, I want to be sure I'm not abusing the trust I was given.

[MeirS]

I don't know if a non profit can buy but this is considered as risk free as it gets. The govt is guaranteeing it.

Thanks

[farmbochur]

Do I understand correctly that this is in no way more risky than it sitting in a checking account?

The added risk would be if the non-profit needs to access the money. A checking account can be liquidated at any time. I-bonds need to be held for a year before they can be liquidated.

[jacobs]

I am locked out of my account and keep getting 2+ hour wait times on phone. Any other way to reset password or gain access?

[CountValentine]

Can't login now. They are getting hammered.

[free123cc]

where can a business park about 800k from now for about 3-4 months completely risk free and still gain some interest?

right now its in a bank of america business savings earning like 0.004 - we are looking more for like .03

thanks

[ushdadude]

where can a business park about 800k from now for about 3-4 months completely risk free and still gain some interest?

right now its in a bank of america business savings earning like 0.004 - we are looking more for like .03

thanks

Ally? Cit?

[CountValentine]

You still have time. Bought gifts for 2023 and 2024 for the whole family. This is fun!!!

[farmbochur]

You still have time. Bought gifts for 2023 and 2024 for the whole family. This is fun!!!

Would it make sense to be concerned that i-bonds will be less attractive than other fixed income assets in the near term?

I'd think that you're good with loading up on i-bonds since you'll get 9.6% for Oct'22-Mar'23 and ~6% for Apr-Sep'23. The uncertainty is just for Oct'23+, but you can cash out of your i-bond positions in Jan'24 if the prevailing rates make them unattractive.

[CountValentine]

...but you can cash out of your i-bond positions in Jan'24 if the prevailing rates make them unattractive.

Exactly. Bonds bought today for gifts in 24 can be cashed in Jan 24.
If I understand the penalty correctly it will be the last three months of interest?

[farmbochur]

Exactly. Bonds bought today for gifts in 24 can be cashed in Jan 24.
If I understand the penalty correctly it will be the last three months of interest?

Yup. Just be sure to actually execute the gift transaction(s) in '23. Otherwise you'll have half your bonds stuck until Jan'25.

[CountValentine]

Yup. Just be sure to actually execute the gift transaction(s) in '23. Otherwise you'll have half your bonds stuck until Jan'25.

Making a spreadsheet as we speak. 

[Essen est zich]

Can't login now. They are getting hammered.

Cant login either

[CountValentine]

Cant login either

Took me about an hour of trying every so often.

[bermo]

Ally? Cit?

They don't offer the same rate for business accounts...

[gozalim]

where can a business park about 800k from now for about 3-4 months completely risk free and still gain some interest?

right now its in a bank of america business savings earning like 0.004 - we are looking more for like .03

thanks

@doctorofcredit usually rounds up these kinds of things.
https://www.doctorofcredit.com/high-interest-savings-to-get/#Best_Business_Savings_Rates

[mushkovits]

where can a business park about 800k from now for about 3-4 months completely risk free and still gain some interest?

right now its in a bank of america business savings earning like 0.004 - we are looking more for like .03

thanks

Dime bank paying 3% on their savings account

[sam2015]

where can a business park about 800k from now for about 3-4 months completely risk free and still gain some interest?

right now its in a bank of america business savings earning like 0.004 - we are looking more for like .03

thanks

I would recommend you buy the 3 month treasury note (available through a brokerage account). You will get 4%APY.

[CountValentine]

I would recommend you buy the 3 month treasury note (available through a brokerage account). You will get 4%APY.

Forgot about these and an excellent suggestion for short term. You can also buy them in your Treasury Direct account.
Just a minor correction. They would be bills as notes are longer term.