4 ms·
If you bought in April, you locked in the April rate for 6 months, and then the May rate for 6 more. Both values were known last month, which is why it's ~8.5%.
by Trasmatta 4y ago
If you bought in April, you locked in the April rate for 6 months, and then the May rate for 6 more. Both values were known last month, which is why it's ~8.5%.
If you buy in May, you lock in the May rate for 6 months and then an unknown rate after that.
- postpawl 4y agoAh, I see: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#change https://www.treasurydirect.gov/indiv/research/indepth/ibonds... “We set the inflation rate every six months (on the first business day of May and on the first business day of November)” So by buying in April, the next rate change on your own bond would be in October, which would still be before the next inflation rate change.