But there are some details to pay attention to: Once you buy the bonds, you can’t redeem them for one year. And if you redeem them before five years, you’ll lose your last three months of interest.An individual can buy up to $10,000 in digital I bonds each year via the TreasuryDirect website. And you can buy an additional $5,000 in paper bonds using your income tax refund.Here are some questions and answers about savings options:Do I have to be a member of a credit union to open an account?Credit unions are member-owned financial institutions, and you typically must join to open an account. Membership is often restricted to people living in a certain area or sharing interests, like the same employer or service in the military. But rules have become more flexible in recent years. For instance, “everyone is eligible to apply” to join PenFed, said Spencer Kenyon, a spokesman, because it merged in 2019 with a credit …
