Series I Bond interest posting
I purchased a Series I Bond on 5/11/22 for $5,000.00 at 9.62 % interest.
To date, I have not seen interest recorded on my account. Does the interest get recorded to the
bank account used at the time of purchase or post to the I Bond account.
I have seen neither reflecting any interest. Wondering if I did something incorrectly when I purchased it.
Thanks for your help.
Terry Says
It takes 5 months for the interest to first get posted — because of the 3-month waiting period for potential penalty for early withdrawal, and additional one-month delay in posting. But you’ll definitely get 6 months of that great high rate, and then an additional 6 months of the current 5.89%, followed by whatever rate is set in May.
