They say it can take up to 13 weeks, but many people have reported it taking less time than that. I'd say you have a chance of getting it done this year, but no guarantee.

Edit: I'm an idiot. By the end of the year it should be fine. Just not before the rates change.

It's not going to happen that fast. Even if you priority overnighted the form it would be own to two business days before the cut off - and there are likely hundreds of others in front of you.

Okay thanks! Yeah I know it won’t happen before the rate changes. The plan was to buy $10k for each of us and then each buy a $10k gift for 2023, but my account didn’t get verified so I was hoping we could at least have my husband gift me $10k this year (buying it now with the rate now) and then he’ll also gift me $10k in 2023

Yeah I saw it could take up to 13 weeks, but I wasn’t sure if that’s just something they say in case it takes that long or if generally people were getting it done in less time than that. Guess I’ll roll the dice and buy the gift now hoping it will be verified before the end of the year

I'm sure it'll be verified by end of year but the rate changes from 9% to 6% tomorrow so just be aware of that.

Yeah I saw the rate change, I figured if we can lock the 9% for the next 6 months we’re in better shape than what the money was getting in our savings account. It’s our house reno fund, so we still have probably 1.5-2 years until we need access to it

Husband just did it, took a week.

Good to hear, thanks!

They also sell some bills they sell about every week for different lengths that are not as good as ibonds now but still gonna be better then savings or a cd.

edit: with the website being so broken right now I think this is the same data https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202210

edit2: https://web.archive.org/web/20221023230928/https://www.treasurydirect.gov/marketable-securities/treasury-bills/

The website is apparently down and there’s reports that orders won’t get filled before the rates reset. Something to look into

Well that would be a bummer. All my orders are in, so hopefully they get filled before the rate change

My memory is not great on details. We opened accounts in April, but I don't remember the FS Form 5444 thing. How do I know if I actually did that or not?

I'm also a little confused - if my son opens an account today, but it isn't verified for another week does that mean he gets the 6% instead of the 9?

It’s possible you didn’t have to do that form, my husband didn’t but for some reason my account couldn’t be verified.

And based on my understanding if your son isn’t able to purchase the bonds now because his account isn’t verified then he would not get the 9% interest. What I did is have my husband buy the bond for me as a gift and once my account is verified he will gift it to me (which hopefully is before the end of the year so it can count towards my 2022 limit).

Thank you!