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B^2 (@guest_1838941)
May 2, 2024 12:20

 Chuck overall return dropped (was 5.27% last month) but the fixed rate of 1.3% was maintained in latest cycle:
Current Rate: 4.28%
This includes a fixed rate of 1.30%
For I bonds issued May 1, 2024 to October 31, 2024

mdacguy (@guest_1822604)
March 29, 2024 17:07

Anyone thinks it’s worth buying the $5K I-bond via tax refund?

Bucks (@guest_1827095)
April 6, 2024 21:57

They send a paper bond so its a process to convert them to online. I still need to figure out how to for the one I bought last year.

mangorunner (@guest_1827127)
April 6, 2024 23:00
Jonathan (@guest_1740286)
November 20, 2023 08:27

I’m a bit confused on why I would sell off in December. I bought 10k in march 2022 and now I’m at 11,148.00 so looks like I’m still waiting for the third period of high interest

Jay (@guest_1749922)
December 2, 2023 19:24

If you’re content with the new variable rate you don’t have to sell. It’s only a recommendation because the last 3mo. offset period was Sept, Oct, Nov at 3.40%, which is lost if redeemed for bonds that are less than 5 years old.

Most of us are content to lose 3mo. interest at 3.40%.

Karl (@guest_1755090)
December 9, 2023 22:57

11,148.00 was your redemption value = (value at 11/1/23) – (last 3 months of interest).

You were waiting until 12/1/23 for your third month of 3.4% interest.

Curmudgeon (@guest_1733884)
November 9, 2023 16:17

Is the $10k/year figure a net number, or absolute? What I mean is, if I buy $10k in i-bonds in January, sell $7k of them in July, could I buy that $7k back in December, or do the sales not count towards the $10k limit?

Celia (@guest_1733887)
November 9, 2023 16:20

10k purchase limit per calendar year.

Besides, you can’t sell within 12 months.

Beltway (@guest_1728587)
November 2, 2023 08:57

Charlie (@guest_1728348)
November 1, 2023 22:34

So if you have the reduced 3.97 with no fixed: It looks like it would be worth paying the 3 month penalty. it will pay for itself within a year assuming the current inflation rate. (Obviously you want to be at the 3.97 for 3 months so that your penalty is at the low rate.)

Personally I think I will cancel and look at some high yield savings and decide if I want to invest back in Ibonds.

EU (@guest_1728908)
November 2, 2023 16:58

Agreed, was a good inflation mitigation measure for the masses, but has too many limitations now.

It can only track “CPI” if the administration is honest and is willing to share the true CPI data rather than using all sorts of tricks or outright lying in order to make the number look better.

Not to mention that the limit is always on the nominal amount of 10000, while that 10000 might be worth less than 5000 in real terms now depending on your actual purchasing needs.

Thus basically an instrument with poor performance and poor liquidity (hard to get out, and hard to get in) at this point.

Beltway (@guest_1729525)
November 3, 2023 14:08

For whatever reason, Treasury Direct reports that my older bonds hitting their 6-month mark just reset to 3.94%, not 3.97%.

Eric 🔗
Eric 🔗 (@guest_1729544)
November 3, 2023 14:29


A couple of people commented in this post that 3.94% is the correct rate. I’m not sure where  Chuck got 3.97% from.

Beltway (@guest_1729546)
November 3, 2023 14:34

3.97% is, in fact, the correct variable portion for *new* bonds, which earn 1.3% + 3.97% = 5.27%. See the chart at

Why the disparity? Beats me.

JD (@guest_1729592)
November 3, 2023 15:40

3.94% is the new variable rate and also the composite rate if your fixed rate is 0%. 3.97% is the rate people incorrectly assume is the new variable rate using your math which is a reasonable approximation but not exact.

Eric 🔗
Eric 🔗 (@guest_1732949)
November 8, 2023 17:20

Beltway JD

I just logged into TD and noticed the message “Series I 5.27 % (includes fixed rate of 1.30 %)” displayed. So it seems that  Chuck was correct after all.

JD (@guest_1732992)
November 8, 2023 18:01

The exact formula for the composite rate is (2*variable + fixed + fixed*variable).
Currently, variable=1.97% and fixed=1.3%, so fixed*variable gives you the mystery 0.03% (rounded up from .0002561). The difference is negligible which is probably why it’s often glossed over.
For the recent bonds with a .9% and .4% fixed rate, this portion is .02% and .01% respectively.

killdozer (@guest_1728105)
November 1, 2023 17:14

The US government counterfeits the currency more then anything they’ll ever pay in interest, and they have no credibility of ever giving accurate inflation numbers. Ive found it better to just park cash in broker money market funds and selling puts on high divvie stocks.

jessie (@guest_1729314)
November 3, 2023 10:54

The “Federal” Reserve which holds the most bonds, is a private group and also controls the U.S. money supply.

killdozer (@guest_1729566)
November 3, 2023 15:01

The Federal Reserve created by congress is controlled by and finances US governments money printing. The chairman of the fed is elected by the president for goodness sake.

Frey (@guest_1729568)
November 3, 2023 15:06

The Chairman of the Federal Reserve is nominated by the President and has to be confirmed by Congress.

LNK (@guest_1730178)
November 4, 2023 13:45

But you are still parking your cash in US currency and most money market contained short term US Treasury bills issued by the US government which you accused of no credibility.

If you are any serious .
You need to convert all of your US currency in other country currency or buy PHYSICAL GOLD/SLIVER and put it under your bed, also I suggest you buy a few barrels of crude oil snd store it in your bathtube.

Avoid US currency at all cost since the government counterfeits the currency more then anything🤣

JD (@guest_1730242)
November 4, 2023 15:50

Lmao, don’t crush the old man’s dreams…

adam d
adam d (@guest_1732437)
November 8, 2023 05:01

bullish that you didnt mention btc as an option. after etf, those who despise or ignore it will unknowingly have allocation through their tardfi money manager and be none the wiser.

Puck (@guest_1732479)
November 8, 2023 07:12

Taking investment advice from a bike messenger….priceless.

adam d
adam d (@guest_1734230)
November 10, 2023 02:33

who are you referring to

frogger (@guest_1728024)
November 1, 2023 16:23

Are these tax free as you can basically get short term treasury fund paying the same thing. And you get dividends each month.

TDD (@guest_1727893)
November 1, 2023 13:52

Since you have 6 months to get this 1.3% rate, you might as well wait until mid-April to see where CPI goes. If CPI is trending down further, you might be better off waiting until May to buy an i-Bond as the fixed rate will go even higher. If CPI is trending up (which is what I expect to occur), then you will be rocking that 1.3% rate with higher variable rates going forward and you should lock it in before end-of-April before a lower fixed rate is announced.

Mitchell LeVett
Mitchell LeVett (@guest_1728653)
November 2, 2023 10:39

You can only do 10k a year. Assuming you have high wealth buying now makes sense.

usernamechuck (@guest_1727881)
November 1, 2023 13:35

wouldn’t it be 4.47%? Edit – oh i get it, never mind. So even during the 9.62% moment, the fixed rate was 0%. Sigh.