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pollywantapocket t1_itxnjv0 wrote

Yep, it’s being reported on, too.

https://www.washingtonpost.com/business/2022/10/26/treasurydirect-website-crash-i-savings-bonds/

> With a Friday deadline approaching, savers trying to buy inflation-protected I bonds — which pay a guaranteed 9.62 percent — are crashing a Treasury Department website.

> This isn’t the first time the site has crashed. It happened in May when the nearly 10 percent rate was announced. The Treasury Department has also had problems keeping up with the volume of calls from people having trouble buying I bonds.

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DoctorNeuro t1_itxtwlr wrote

To jump onto this thread, if we buy it before the change in Nov, we're locked in at the previous interest rate for 6 months. After since months, it changes to Nov's interest rate for 6 months. So there's always a 6 month lag on interest rates if you do it now? Oct locks in the 9% for 6months from the May 2022 rate. April 2023 it switches 6%- the Nov 2022 rate. Oct 2023 it switches to the May 2023 rate for 6 months and keeps going like that correct?

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93195 t1_itxy4gq wrote

Correct

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DarkTyphlosion1 t1_itz9uj8 wrote

I bought i bonds when they were at 7.12%, do I also get the 9.62% or do I have to buy more to get that rate?

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93195 t1_itzaj04 wrote

Yup, you get each rate for six months. You got the 7.12% for six months, you get the 9.62% for six months, then you’ll get the soon to be announced rate (likely 7.48%) for six months.

No need to buy more to get the new rate, unless you want more.

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