05.22.24 An Update On Series I Savings Bonds / No-Show Fees

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Investing, Business

4.6 • 5.2K Ratings

🗓️ 22 May 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, an important update on Inflation Savings Bonds. Clark explains how these bonds work over time and the advantage of owning new Series I Bonds. Also, extra fees have been a topic on the show in recent years. There’s a new fee in town making a splash - Clark tells you how to avoid it. UPDATE - Series I Savings Bonds: Segment 1 Ask Clark: Segment 2 Cancellation & No-Show Fees: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Barrons: Treasury Sets New Rate of 4.28% for I Bonds as Inflation Ebbs 6 Things To Know About Series I Savings Bonds The Era of ‘No-Show’ Fees Is Here—and It’s Going to Cost You - WSJ Should You Stay With Vanguard Despite the New Fee Announcement? NolahMattress - Is It Legal to Sell a Used Mattress? A State-by-State Guide The Best Place To Buy a Mattress How Can I Get Rid of My Old Mattress Cheaply? Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:17.0	Sign up for a one pound per month trial period at shopify.coidek slash special offer or
0:22.0	lower case. That Shopify dot code eK slash special offer.
0:25.7	I'm so glad you're with us on the Clark Howard show today where our mission is to serve
0:36.4	you with advice and information that empowers you so you make better financial decisions in your life.
0:44.0	In this episode, I need to give you an update on I-bonds.
0:49.0	There's new stuff you gotta know.
0:52.0	And also, extra fees have been a real topic of conversation on the show in recent years.
0:59.6	There's a new fee in town making a splash. I'm going to tell you how to avoid it. Okay, Series I
1:07.2	savings bonds. What a crazy complicated thing to explain so I'm going to distill it down to the simplest part and I'm going to go back in time two years ago to tell you that there was such a frenzy buying these eyes for inflation, these inflation
1:28.6	bonds from the federal government two years ago when the interest rate went to 9.6%
1:37.0	when at that point savings accounts were still earning like 2% the series I savings bonds
1:44.3	were earning 9.6 plus percent.
1:46.7	I think was 9.62, to be precise.
1:50.4	People were buying them in such large numbers.
1:53.6	The US Treasury Department computer system crashed.
1:58.9	It was like they were trying to buy Taylor Swift tickets or something.
	...

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