4 ms·
You'll get a months worth of that rate but then it will change. Could go up or down.
by tylorr 4y ago
You'll get a months worth of that rate but then it will change. Could go up or down.
- abeppu 4y agoBut the rate is set off inflation, which has still been high. Whatever they set it to next, it's still likely to be about the best available place to put 10k.
- smaddox 4y ago> KEY FACTS: I Bonds can be purchased through October 2022 at the current rate. That rate is applied to the 6 months after the purchase is made. For example, if you buy an I bond on July 1, 2022, the 9.62% would be applied through December 31, 2022. Interest is compounded semi-annually. https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm https://www.treasurydirect.gov/indiv/research/indepth/ibonds... So 6 months of that rate, regardless of when during the window it was purchased. But, yeah, after that it could either up or down. And you have to hold for at least 1 year, and lose 3 months of interest if you cash out prior to 5 years.
- roland35 4y agoNope, you actually lock in 6 months of whatever the rate is time of purchase! It's a good deal!