Hi. I bought a savings I bond through Treasury Direct at the beginning of April, and the value of the bond has not changed since buying it. According to the bogleheads wiki on Savings I bond, “The accrual date is the first of the month, and the redemption value does not change between accrual dates. This means that on each 6th month anniversary of the issue date the value of the bond is increased by the interest earned during that 6 month period,” which means to me that I will not see what interest I have accrued on the bond until October.
I just wanted to make sure that this is the case, and not that I’ve parked some money that’s just sitting there and not accruing interest. Hoping somebody else out there has had experience with this and can affirm to me that I didn’t just waste two months time.
Submitted June 01, 2017 at 09:45AM by RustyCopperPenny http://ift.tt/2rIp4BX
