I Bond Rate Is Now 6.89%…

[dasari4kntr]

The U.S. Treasury's wildly popular Series I savings bond will yield 6.89% for all purchases over the next six months, down from 9.62% previously.

The I Bond rate is a combination of a fixed rate and an inflation adjustment. The Treasury is paying a fixed rate of 0.4%; the fixed rate had been zero since May 2020. The adjustment for the rise in the consumer-price index is by far the larger component of the rate.

I Bond rates reset at the beginning of May and November; all bonds earn the going rate for six months, then adjust to a new rate every six months thereafter.

Appetite for I Bonds had long been modest; before this year, the Treasury sold on average $166 million a month. But the high rates drove a flood of interest--savers rushed to get the 9.62% rate before it expired in October, buying about a billion dollars worth on Friday alone.

Here's everything you need to know about I Bonds.

[phatposts]

not a bad thing for the overall market

 

[megadheera]

Can I buy on my name and wife, kids?

[Anta Assamey]

1 minute ago, megadheera said:

Can I buy on my name and wife, kids?

Yes but only $10,000 per year per person ...

[phatposts]

https://www.doctorofcredit.com/u-s-treasury-i-bonds-faq-when-to-buy-10000-i-bonds-april-or-may-and-more/

Anyone with questions about iBonds

[megadheera]

2 minutes ago, Anta Assamey said:

Yes but only $10,000 per year per person ...

I should have bought yesterday. Missed the 9.62 interest rate

[yemdoing]

1 hour ago, megadheera said:

Can I buy on my name and wife, kids?

per SSN 10k.

yesterday was better day to buy.. 6.8% is also good rate to buy 

[megadheera]

1 minute ago, yemdoing said:

per SSN 10k.

yesterday was better day to buy.. 6.8% is also good rate to buy 

Friday deadline anta as per @dasari4kntr

[Khaidino6093]

6 minutes ago, yemdoing said:

per SSN 10k.

yesterday was better day to buy.. 6.8% is also good rate to buy 

wife ki itin undi, can i buy?

[yemdoing]

1 hour ago, megadheera said:

Friday deadline anta as per @dasari4kntr

yo mean previous riday ! ok. good that I got few days ago 

[yemdoing]

58 minutes ago, Khaidino6093 said:

wife ki itin undi, can i buy?

teliyadu saar 

[dasari4kntr]

3 minutes ago, Khaidino6093 said:

wife ki itin undi, can i buy?

yes…i guess

it asks at registration page tax number…not ssn…that means bith ssn and itin…

read faq page…

[Gaali_Gottam_Govinda]

Why are people so obsessed with the cheap  $1,800 per family($20K investment) interest?

 

 

[karna11]

Naku purchase confirmation, oct 27th email vachindi,  where can I check my lo ked intrest rate

[LadiesTailor]

2 minutes ago, Gaali_Gottam_Govinda said:

Why are people so obsessed with the cheap  $1,800 per family($20K investment) interest?

 

 

Migatha investments anne sanka naakayu.. just diversifying