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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So if I buy an iBond by the end of the month (Thursday), I'll get an entire month's worth of 3.54% annual interest, right?

When the rate is reset on Nov. 1, will interest then accrue at the new rate? With inflation pretty high, any thoughts if this will go above 3.54?

Sorry for the basic questions, but this is all new to me.[/quote]

Yes— although the purchase has to go thru by the end of the month so if you buy it on Thursday, for example, it may not process in time for September.

Also you will get the current interest rate for six months and then your bond’s interest rate will reset to whatever the “November” interest rate is in March (and then the interest rate on your bond will reset to the  “May” interest rate beginning in September).

Here is a website suggesting the next interest rate could be above 6%

https://tipswatch.com/2021/09/14/august-inflation-what-it-means-for-social-security-cola-i-bonds-and-tips/[/quote]

Thank you. Very helpful. [/quote]

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