Quote:
Originally Posted by Caymus
The interest rate for an I Bond" resets" every 6 months based on inflation. For comparison the rate on a 30 year conventional fixed rate Treasury Bond is currently about 3% less at 4%. A new auction for these bonds is held once/month.
No fees are involved if you buy directly from the US Treasury or companies like Charles Schwab.
Announcements, Data & Results — TreasuryDirect |
I understand the rates change for inflation but my question is when the rate changes does it change the rate of a bond I bought the PREVIOUS year. If i bought a bond in 2022 at 7% and in 2023 the inflation rate goes down will the interest rate on the bond I ALREADY own go down.