Suze School: A New Lesson on Series I Bonds and Certificates of Deposits
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 4 June 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
This week’s Suze School is a deep dive on what you should do, now, with Series I Bonds as well as a plan on using Certificates of Deposits to your advantage.
Take advantage of the Ultimate Certificates with Alliant Credit Union at: bit.ly/3kwMcjR
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Transcript
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| 0:00.0 | Hey, everybody. I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month |
| 0:15.2 | certificate. The best of all in my opinion is 5% for a one-year certificate of deposit. |
| 0:24.4 | You can also purchase these in a retirement account. So go to myalientaliant.com slash |
| 0:35.2 | ultimate and check it out now. Okay, Susie, are you ready for today's podcast? |
| 0:42.0 | Oh, you bet I am because I'm unstoppable. |
| 0:54.4 | I would never single day minds of our own. I don't need batteries to play. I'm so confident. |
| 1:05.1 | Yeah, I'm unstoppable today. June 4th, 2023. Welcome everybody to the Women in Money |
| 1:13.1 | Podcast as well as everybody smart enough to listen. Well, are you feeling better? |
| 1:20.4 | Now that you know that the United States government is not going to default on its debt, |
| 1:28.2 | why they have to do this is beyond me, but all right. So we're good for another two years at least. |
| 1:36.2 | Obviously, they're going to have to continue to offer treasuries probably at a higher interest rate |
| 1:42.8 | to pay back the debt that they had to get into to borrow the money to get us through to this |
| 1:49.2 | point. So you might want to keep checking the interest rates that are being offered on treasuries |
| 1:57.1 | because maybe they're going to be a little bit higher just so you know, but we'll see what happens. |
| 2:04.8 | Okay, what isn't so great is that they also voted down the student loan forgiveness program |
| 2:16.8 | where President Biden wanted to forgive up to $20,000 in many cases for those of you who qualified |
| 2:24.8 | to forgive your student loan. That now has been voted down. It will go to President Biden's |
| 2:32.8 | desk. He will obviously veto it. So it is now up to the Supreme Court. It's been there anyway, |
| 2:39.6 | so it's not a big deal, I guess, to see will they uphold it or will they not? |
| 2:46.4 | However, I do think it's important that all of you really do understand that at the end of |
| 2:53.2 | August of this year, for those of you who do have student loans, you are going to have to start |
... |
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