Quote:
Originally Posted by Plinker
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.
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Correct.
The link that I posted shows when each bond rate changes. 6 months after you purchase