How to buy I - Bonds

[Anonymous]

What do you thnk the new rate will be? When is it announced?

[Anonymous]

Anonymous wrote:What do you thnk the new rate will be? When is it announced?

I think I read 6.47%- so still pretty good.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hey, anybody knows the deadline for Ibond purchases? Couple days ago I scheduled purchase to be made on 10/31/22, got confirmation.
Now I'm getting worried due to all tsome news storing citing 10/28/22 as a deadly.
Am I good for current rate, or should reschedule tonight (assuming I can get into website)

Website is already warning newly submitted purchases might not go through. I’d try to get in to schedule tonight and if it goes thru then you can cancel the 10/31.

Can't get to website already, want to read fine print on the transaction date.
Everything I'm reading suggests 10/28 deadline so that purchases can be settled next business day, and confirmation should be received by 10/28.
Well, I've already have the confirmation with 10/25 date, but withdrawal was scheduled for 10/31.. Oh well. I guess I'm going to learn soon enough

Guess y'all are only going to get 6% then back down to 1-2%. Still not a bad way to save $10 from inflation.

[Anonymous]

Anonymous wrote:Damn all you procrastinators - now I can't get into the site. I purchased my 100K of I bonds earlier in the year (there's no 10K limit - you just spread it across personal, business and trust accounts), but now I want to buy some short-term T-bills. I can't even get into the Treasury Direct site. The interest rate has been super-high for like a year - why is everyone waiting until now??

You are asking why human being procrastinate? Is that a real question?

[Anonymous]

Anonymous wrote:Damn all you procrastinators - now I can't get into the site. I purchased my 100K of I bonds earlier in the year (there's no 10K limit - you just spread it across personal, business and trust accounts), but now I want to buy some short-term T-bills. I can't even get into the Treasury Direct site. The interest rate has been super-high for like a year - why is everyone waiting until now??

Buy them through your brokerage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Damn all you procrastinators - now I can't get into the site. I purchased my 100K of I bonds earlier in the year (there's no 10K limit - you just spread it across personal, business and trust accounts), but now I want to buy some short-term T-bills. I can't even get into the Treasury Direct site. The interest rate has been super-high for like a year - why is everyone waiting until now??

You are asking why human being procrastinate? Is that a real question?

I actually was not well informed about I bonds - my bad as I should have done research. Only read about it recently and missed the deadline yesterday. Some people are trying at the last minute as we didn't know and still learning. The website not working did not help - could not get through. I wish they gave till October 31 to buy regardless of how long it takes them to process.

[Anonymous]

If you buy today will it be issued as Nov 1?

[Anonymous]

Anonymous wrote:If you buy today will it be issued as Nov 1?

Yes. Not enough time to get the current rate. But the new rate is still good and there’s a possibility that the fixed rate will be higher than 0.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hey, anybody knows the deadline for Ibond purchases? Couple days ago I scheduled purchase to be made on 10/31/22, got confirmation.
Now I'm getting worried due to all tsome news storing citing 10/28/22 as a deadly.
Am I good for current rate, or should reschedule tonight (assuming I can get into website)

Website is already warning newly submitted purchases might not go through. I’d try to get in to schedule tonight and if it goes thru then you can cancel the 10/31.

Can't get to website already, want to read fine print on the transaction date.
Everything I'm reading suggests 10/28 deadline so that purchases can be settled next business day, and confirmation should be received by 10/28.
Well, I've already have the confirmation with 10/25 date, but withdrawal was scheduled for 10/31.. Oh well. I guess I'm going to learn soon enough

Guess y'all are only going to get 6% then back down to 1-2%. Still not a bad way to save $10 from inflation.

Ha! Still got 9%, issue date 10/1/2022, cash was taken from my bank account on 10/31/22.
So, 10/28/22 deadline was for scheduling the purchase, not the settlement date.
Yey. Learned something new today
PS rate didn't really matter, my plan was to put money in I-Bond in October regardless.

[Anonymous]

The new rate has a fixed component of 0.4% that will stay with the purchase for 30 years. Consensus is that 3 years is the break-even point between the 9% vs the 6% purchase after which the new bond would have been a better purchase..

[Anonymous]

Anonymous wrote:The new rate has a fixed component of 0.4% that will stay with the purchase for 30 years. Consensus is that 3 years is the break-even point between the 9% vs the 6% purchase after which the new bond would have been a better purchase..

I don't know where you saw that "consensus" but the analysis I've seen from TIPS watcher and the bogleheads board suggests the break even is more like 8 years, although I think it depends a bit on assumptions about future inflation because one bond will be ahead of the other in inflation adjustments.