iBonds
Everyone jumped on the iBond bus back in 2022 and we bought a $10,000 bond then as well. It is currently worth $11,700 and is showing a current interst rate of 3.12%, which I feel is low. Do these rates adjust up or down as long as I hold them? Should I sell this one and buy a new one at a higher rate? I know this is a small amount of $ but it’s more about the concept of investing in Treasury Direct.
Terry Says
They adjust every 6 months, to keep up with inflation. Back when you first bought the Ibond, inflation was VERY high! Don’t sell. Let it sit there for at least 5 years to avoid the penalty.
