I posted this synopsis 04-24-2022, 10:02 AM. The benefit of buying before the end of April was knowing the interest rates for a full year. If you buy now you know your first 6 months will be 9.62% but you won't know the second 6 month term rate until November this year.
Here is what I posted:
If you purchase an I bond before the end of this coming week(end of April) you will be guaranteed 7.12% interest for the first 6 months and then 9.62 % interest for the following 6 months. After that the rates of your bond changes every 6 months (may and nov) indexed to inflation. You must hold for one year. If cashed in between years 2 - 5 you forfeit the last three months interest. After 5 years no penalty. These I bonds are issued solely by the government. The only place to purchase is TreasuryDirect - Home. Google I Bonds on YOUTUBE - lots of videos at present.
Last edited by rustyp; 05-03-2022 at 12:58 PM.
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