Quote:
Originally Posted by rayschic
I bonds interest rates — TreasuryDirect
Hope this link works
It’s a link to a chart that shows what the bonds rates have been for all bonds and how they have changed over the years
Yes, I bought bonds a few months ago at 9.62% and THOSE bonds are now at 6.48 % (I made a slight mistake on my first response)
New bonds issued between now and April of 2023 are at 6.89%
All bonds get a new rate every six months. Sometimes up, sometimes down and sometimes remain the same.
Check the treasury direct website for the chart.
May 2022 was the highest rate on the chart. All bonds were getting between 9-13 %
November 2022, the rates changed and all bonds are now getting 6.48%—10.2%
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Actually, regardless of when you purchase the ibonds you will get that rate for a full 6 months even if the new rate comes out a few days after the original purchase. Example:
For the first six months that you own the I bond, you'll get the prevailing interest rate at that time. For example, any I bond issued between November 2022 and April 2023 earns interest at 6.89 percent annually. That means even if you purchase the bond in April, you'll still earn that rate for a full six months.
Then, your rate will reset at the prevailing rate.