Most investors enjoyed the 9.62% for first 6 months up to Oct 28, 2022.
Using a power trendline, it is extrapolated to be 7.16% for the second half.
The September – October 2022 I Bonds current rate of 9.62% is the highest rate every offered on I bonds.
- The last day to buy I bonds at the 9.62% rate is October 28 – when you buy I bonds on Treasury Direct your purchase is effective the next business day.
When we compare the 6-month composite rates against 12-month treasuries at the time we see that the 6-month I bond rate is an average of 0.31% lower.
At an initial rate of 9.62%, buying an I bond in September gets roughly 6.1% more compared to the 3.51% 12-month treasury rate (September 1, 2022).
Things do change including bond future interest rates. We will find out sometime soon.
All the best.
Submitted September 20, 2022 at 11:30PM by Vast_Cricket https://ift.tt/9wDh0T8
