If you are banking the cash, rather than investing it, then the whole plan goes out the window because your cash is losing value while you also pay interest.
You can buy Series I bonds as was mentioned but those are variable interest and have only been worth buying the last year or so. They have been low interest for the last 30 plus years. Also, you can only buy up to $10k in series I bonds per year.
You can buy Series I bonds as was mentioned but those are variable interest and have only been worth buying the last year or so. They have been low interest for the last 30 plus years. Also, you can only buy up to $10k in series I bonds per year.