Personal Finance and Investing

mahatmakanejeeves

(62,581 posts)

3. Buy one now, through October 31, and you get a rate of 9.62%. Wait until November 1 to buy, and

Mon Oct 17, 2022, 06:58 AM

Oct 2022

you're likely to end up with a lower rate.

... 9.62% the I bonds are offering until the end of October. The rate applies for the first six months you hold the bond.

Minimum purchase is (looking it up) ... Oh, check with Treasury Direct. They'll answer all your questions.

I bonds

Series I savings bonds protect you from inflation. With an I bond, you earn both a fixed rate of interest and a rate that changes with inflation. Twice a year, we set the inflation rate for the next 6 months.

Current Interest Rate
Series I Savings Bonds
9.62%

For savings bonds issued May 1, 2022 to October 31, 2022.

Complete the purchase of this bond in TreasuryDirect by October 28, 2022 to ensure issuance by October 31, 2022.

{snip all sorts of information}

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Treasury I bond rates poised to slide in November [View all] mahatmakanejeeves Oct 2022 OP

Still a good rate JohnSJ Oct 2022 #1

Help me out a little with this, how long is that rate for? we can do it Oct 2022 #2

Buy one now, through October 31, and you get a rate of 9.62%. Wait until November 1 to buy, and mahatmakanejeeves Oct 2022 #3

Thank you. Sure beats bank savings rate. we can do it Oct 2022 #4

Maximum purchase is $10,000 per calendar year. That's the big drawback progree Oct 2022 #5

You have summed it up nicely. Rare, even at DU. twodogsbarking Oct 2022 #6

Thanks 😊 /nt progree Oct 2022 #7