I-Bond
At your suggestion, I bought a $10K I-Bond last year in June of 2022. To buy another I-bond in 2023, is it one year from the purchase date of the bond or is it in a calendar year? My question: Could I take advantage of the interest rate today for 2023 instead of waiting until June or July 1, 2023?
Terry Says
Each individual can purchase $10,000 in each calendar year. If you buy now, you’ll get the current 6.89% rate for a full six months, and then when rates change on May1st, you’ll get 6 months of that rate after the first six-month period ends.
