I bond
I bought the I bond @ 9.62% thanks to you Terry . Do you think we should keep buying every year, and when is it a sign to stop. Is the inflation rate announcement a good indicator?
Thank You .
Terry Says
The rate on the bonds you own will change after 6-months to the current 6.89%, which you’ll get for the subsequent 6 months. And after that, they will earn 6 months of whatever rate is set on May 1, 2023. And you should plan to hold them for at least 5 years to avoid a 3 months loss of interest penalty.
With inflation coming down, I won’t be surprised if the rate set in May is lower than the current rate.
