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I have i bonds bought 10/2017, 2018, 2019, 2020, and 2021. Anyway I noticed something weird. My 10/28/2019 purchase the rate is 4.05% on treasury direct instead of the 7.12% the rest are. Why?
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LivingAlmostLarge
Hummm...did you check their assumptions about inflation for 2019? They may have different data in the calculations for 2019 than in the ones for the other years.james.c.hendrickson@gmail.com
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Living, you've got me on that point. I only have like $250 worth of I-Bonds.
That said I dug up the contact page for Treasurydirect.gov - they'll probably respond back if you shoot them a note.
james.c.hendrickson@gmail.com
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What month are the others purchased in? My bet is that they were purchased between Nov-Jan. All I bonds purchased during those months are already on the new interest rate.
I bonds give you 6 months of interest at each new inflation rate, in sequence. So you bought this one in October, which means it'll adjust it's inflation rates in April & October of every year. Once you hit April, it should adjust to the current rate & hold it until Oct, at which time it'll adjust to whatever rate comes out in May.
Why the 4.05%? Because the bond has a 0.5% fixed rate (from a May-Oct'19 issue), plus the May'21 inflation rate of (2*1.77%). That comes out to 4.04%, with the extra .01% probably accounting for interest accumulation. Come April, it'll be earning 7.67%.
No need to fret.Last edited by kork13; 01-21-2022, 06:52 PM.Comment
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October 2017,2018, 2019 and 2020. I bought 12/2021 and 1/2022 $10k each
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