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DoctorNeuro t1_itxtwlr wrote

Reply to comment by pollywantapocket in Treasury Direct log in issue by Mrs_WorkingMuggle

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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