I- bonds
I purchase a $ 10,000 I-Bond on Oct 1,2022 at 9.62% that ended on Oct 31 2022. But as of Feb 2023 my current total is $ 10,080.00 ?? So shouldn’t my total be
$ 10,962.00 ??? I am very confused please answer thank you Robert
Terry Says
The interest on your I-bond will be posted after about 5 months, to accommodate the potential early withdrawal penalty of 3 months lost interest, and a one-month delay in posting.
However, you only get that 9.62% interest for 6 months! Then you’ll get the current 6.89% for the subsequent 6 months.
You don’t pay taxes on that interest earned until you cash the I-bond in at maturity.
