<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by VolleyballFerd:
This is good advice except - on the Savings Bond website it said that Feb 27 is the last day for purchase for a date of Feb 1.
The best thing is to buy toward end of month, but AFTER closing date on your credit card (assuming you aren't getting the 0% interest on Hhonors Visa). Depending on your card, you could then pay it off about 1.5 months later, or about 2.5 months after issue date (1st of the month) - this nearly wipes out the 3 month early redemption penalty if you cash out in less than 5 years.
Current interest rate on I Bonds is 4.4%</font>
Thanx for the info! Who'd a thought that the last day of Feb is the 27th!
I plan to use them and cash them in after 6 mos, and use the interest I receive towards my tuition payments -- that way, everything is tax free!