BOUNCE

[cintrix]

Yep, I bought 2 yesterday for my grandkid. You can buy up to 10k per person - each spouse has to have an account - then you can buy another 5k paper bond with tax return money. This is counted as a calendar year - so if you bought 10k in Dec you can buy another 10k now. But you can't sell it for one year. If you sell it after a year, the last three months interest get forfeited (only if sold within the first 5 years). Also, there is NO fixed rate on these. So basically, whatever the inflation rate is you get - no extras. So the rate is changed twice a year - nov and may. If inflation goes all the way down in a few years you are only getting whatever the inflation rate is at the time. In contrast to the older I bonds that also had a fixed rate attached. So any I bonds I bought with a fixed rate also have that rate added to the current rate they are giving now.