What is an I Bond?
I bonds are savings bonds issued by the U.S. Department of the Treasury. They can be purchased electronically through the TreasuryDirect account or with an IRS tax refund in paper form. I bonds earn interest monthly and the interest is compounded semiannually. The interest rate for I bonds is a combination of a fixed rate and a semiannual inflation rate. The interest earned on I bonds is paid when the bond is cashed in. I bonds have a maturity period of 30 years, but they can be cashed in after 12 months. If an I bond is cashed in before 5 years, the last 3 months of interest are forfeited. The value of I bonds can be checked through the TreasuryDirect account or by using the Savings Bond Calculator. Taxes may apply to the earnings of I bonds, but there are certain exemptions for qualified higher education expenses. There are minimum and maximum amounts for purchasing I bonds, depending on the type (electronic or paper) and the method of purchase.
What is an IE Bond?
IE is an investment fund offered by BlackRock Asset Management Ireland Limited. It is a fixed income fund that invests in global inflation-linked bonds. The fund aims to track the performance of the Bloomberg World Government Inflation-Linked Bond Index. IE is denominated in USD and is available in institutional share class. The fund has a minimum initial investment and subsequent investment requirements. Income generated by the fund is accumulated. IE is domiciled in Ireland and operates under the UCITS regulatory structure.
Sources
- I bonds — TreasuryDirect
- iShares Global Inflation-Linked Bond Index Fund (IE) | Inst. Acc. USD Hedged
- I bonds interest rates — TreasuryDirect
FAQs
What is an IE bond?
An IE bond is an investment fund offered by BlackRock Asset Management Ireland Limited that invests in global inflation-linked bonds.
What is the investment objective of an IE bond?
The investment objective of an IE bond is to track the performance of the Bloomberg World Government Inflation-Linked Bond Index.
What is the currency denomination of an IE bond?
IE bonds are denominated in USD.
What is the share class structure of an IE bond?
IE bonds are available in institutional share class.
What are the minimum investment requirements for an IE bond?
IE bonds have a minimum initial investment and subsequent investment requirements.
How is income generated by an IE bond?
Income generated by an IE bond is accumulated.
Where is an IE bond domiciled?
IE bonds are domiciled in Ireland.
Under what regulatory structure does an IE bond operate?
IE bonds operate under the UCITS regulatory structure.