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Personal Finance and Investing

doc03

(36,862 posts)

7. There is a 3 month lag in the interest until they are 5 years old. If you would buy one today

Reply to Tomconroy (Reply #4)

Fri Jun 10, 2022, 08:25 AM

Jun 2022

the interest won't be posted until September. Another thing if you buy one even on the 30th of June you
get interest for the entire month of June. If the interest would drop to 0% you wait 3 months and sell you lose
nothing. The interest changes in May and November. It being June doesn't mean if you buy one today you will only get
the 9.62% for 5 months. You get the 9.62% interest for the entire 6 months. The next interest rate change is in November
but in that case your interest will change one month later in December.

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US govt I bonds might be a good investment now. [View all] Tomconroy Jun 2022 OP

There are two parts to i-bonds. An inflation part, and a fixed part. JohnSJ Jun 2022 #1

This message was self-deleted by its author sl8 Jun 2022 #2

Yes, thanks. I will correct. JohnSJ Jun 2022 #3

Looks like the 9.6 rate is paid for 6 months Tomconroy Jun 2022 #4

Yes, and you can buy right now, and up to October get a 9.62% rate. That rate will change in JohnSJ Jun 2022 #5

There is a 3 month lag in the interest until they are 5 years old. If you would buy one today doc03 Jun 2022 #7

I bought one in June last year at 3.54% and another in January this year at 7.12% now 9.62%. doc03 Jun 2022 #6

Never a penalty on overpaying estimated income tax. Except one is giving the Treasury progree Jun 2022 #8

It sure is, I wasnt sure about overpaying estimated tax. doc03 Jun 2022 #9

Can my wife and I both buy a $10,000 bond? bif Jun 2022 #10

Yes JohnSJ Jun 2022 #11

I am Rebl2 Jun 2022 #12

If its worth the fuss to you of setting up an account at Treasurydirect.gov progree Jun 2022 #13