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Reply to "Please explain how I Bonds accrue interest"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You bought in December. Interest accrued on: 12/31 1/31 2/28 3/31 The April interest hasn't accrued yet. [b]The last 3 months don't show on your balance because you haven't held them long enough yet.[/b] In 2 days your April interest will be added. [/quote] OP here. I'm not clear on how long I need to hold the the bonds before I see the last three months of interest added to my balance. [/quote] You are getting the interest and it is accruing. It is just not reflected in your balance until 5 years. If you hold the bonds for say two years and by that time the interest rate goes down to say 3%, you will lose the last 3 months of the new rate (so 3 months). Assuming the current rate is the best it will be, it will be advantageous to hold at least 15 months so that the last 3 months you lose will be at the lower rate (if it indeeds go lower). In any case, you have to hold a minimum of 12 months.[/quote]
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