Quote:
Originally Posted by Buehler445
So they are adjustable rate? I was thinking I could put them in ten years for my kids.
My FIL told me he had a CD that was rolling out that he had for 15%. I almost shit my pants. 15%???!!!! Obviously he got in at the top in the 80s. But holy balls. That's incredible.
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They have a fixed component w/ a variable inflation component that get updated biannually. The fixed component has mostly been 0 since the GFC. Though with rates getting jacked there maybe a bit of a fixed amount next refresh.
I think just stocks or real estate would be better for the kids 10 years down the road.
If you had I series bonds from the 80s still you're probably collecting 20%+ on govt backed bonds that aren't liable to state taxes and can defer fed taxes and keep compounding until maturity. That would be reason for a happy dance lol