[Ends Today!] Purchase 2022 I Bonds Today And Get Backdated 7.12% Interest, Plus A Whopping 9.62% Interest For 6 Months!

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Update, 4/29/22: Purchases made today will have a 5/1/22 issue date, earning 9.62% interest for 6 months. The interest rate for the following 6 months will be determined in October.

Update, 4/28/22: Today is the final day to lock in 6 months of 7.12% interest and 6 months of 9.62% interest for you, your spouse, your business, your kids, your trusts, or gifts for future years for any of those!

Update, 4/26/22: If you purchase I Bonds by Thursday you will receive the 7.12% interest rate as if you had them for the full month of April with a 4/1/22 issue date and your next rate change will be on 10/1/22. You will then receive a whopping 9.62% interest from 10/1/22-3/31/23. See the original post below for purchase instructions.

You can buy up to $10,000 in I Bonds per person or company per calendar year. You can also lock in current rates by purchasing gift bonds. For example spouses can buy each other multiple gift bonds now which start accruing interest at today’s high rates and can be gifted and applied to each others account in future years. Note that when you receive the gift in future years, it counts against the $10,000 per person limit for the recipient in the year in which it was received and applied. The limit applies to how much is delivered in the same calendar year. The holding period begins from the beginning of the month that they’re purchased. That means that gifts bought now can be cashed out on 4/1/23 with a 3 month interest penalty or on 4/1/27 with no interest penalty, regardless of the year in which they are actually delivered to the recipient. Note that you can’t gift to or from a business.

Update, 1/28/22: If you purchase I Bonds today you will receive the 7.12% interest rate as if you had them for the full month of January and the next rate change will be on 7/1/22. Bonds purchased today will have a purchase date of 1/31/22 and a 1/1/22 issue date. You can buy up to $10,000 in I Bonds per person or company per calendar year. I bought in December and am buying more now!

Update, 12/30/21: The Series I Bonds that I bought last night have now posted to my account with an 12/1/21 issue date. That means on 1/1/22 I’ll receive the 7.12% interest rate as if I had them for the full month of December and the next rate change will be on 6/1/22.

If you want to buy 12/1/21 issue date bonds you’ll want to do so today before 11:59pm ET. You can buy 2022 bonds starting on 1/1/22.


Originally posted on 12/29/21:

US Treasury Series I Savings Bonds, or I Bonds are US government bonds that keep pace with inflation. The value of I Bonds will never go down and is backed by the treasury. The inflation rate gets updated every May and November, so the rate until May 2022 is an unusually high 7.12% due to the rampant inflation in the US in 2021!

The previous rate from May through November 2021 was 3.54%.

If you purchase I Bonds the current interest rate will be locked in for a full 6 months from your date of purchase, and will update every 6 months thereafter based on the current rate.

You can’t cash out an I Bond within 1 year of purchase. If you cash them out between 1 and 5 years after purchase, you will pay a relatively low penalty of the previous 3 months interest. If interest rates drop, just wait 3 months and your penalty will be much lower than if you cash out during a high interest period. After 5 years you can cash them out without penalty and you can hold onto them for up to 30 years with interest that is pegged to the current inflation rate.

Interest is paid on the 1st of every month and you get interest for the entire month in which you buy them. The interest will be rolled into and reinvested into the value of your I Bonds until you cash them out. Unlike a CD, you won’t owe taxes on the interest until you cash it out. You also won’t owe state or local taxes on the interest. If you qualify based on income and use them for qualified higher education you may pay no federal taxes as well.

Note that if your bonds are within 5 years of the issue date, the current value excludes all interest earned in the past three months. If you cash out today, you’ll receive the current value, which is why you won’t see any interest added to the current value during the first four months. After 5 years there is no cash out penalty, so the current value will reflect the full value with no penalty.

You can buy up to $10,000 in I Bonds per person/social security number, per calendar year. That means you can buy $10,000 per person now and another $10,000 per person starting on 1/1/22.

You can also buy up to $10,000 in I Bonds for each business that you have, per calendar year.

You can also buy an additional $5,000 in I Bonds per calendar with the proceeds from your tax return refund. And you can buy $10,000 in I Bonds for a trust.

To buy I Bonds, you need to open a TreasuryDirect account here. When making a password, note that it will not be case sensitive, and you won’t be able to use autofill or paste it. What did you expect from a government site? 😀

After creating an account you’ll get an email with an account number. You’ll need that to login and purchase the I Bonds here. You can then fund your account via ACH from your bank account. Click on BuyDirect and then on Series I savings Bonds. Make sure that you have sufficient funds or else your account will be locked. Note that this bank account can be difficult to change, so try to use one that you will have for the long term.

You can find more information on I Bonds here and FAQs here.

The Finance Buff has more information and screenshots of the process, so you can read his articles for more info on I Bonds, buying I Bonds for kids, buying I bonds as a gift, buying I Bonds for a business, buying I Bonds for a Trust, overpaying taxes to buy more I Bonds, and converting tax refund paper I Bonds to online I Bonds.

Do you have I Bonds or will you buy I Bonds at this rate?

295 COMMENTS

Older First
  1. HelpMe

    Bought today as a gift. Remember you get interest for the whole month you buy them in.

    • correct me if im wrong

      “…you get interest for the whole month…”
      Is that true? Source?

  2. yoyo

    I just bought in Nov, thinking about getting for my wife before the year’s end. Still enough time…?

  3. Anonymous

    Way to go, Dan! Nice to see you branching out to real financial advice! Personal finance is not just spending. 😉

    • Dan

      Even donated 350% appreciated AMZN stock to charity today. 🙂
      Just not enough hours in the day to focus on all the ins and outs of everything while running a business!

  4. JS

    Can they be purchased for minors ? Under 18

  5. Marc Lev

    How is it possible that there are no comments does that mean no one is interested in this

    • Texas Totty

      Everyone is gaining interest on this

  6. Phil

    It is not the last time to buy IBonds for this rate. You can buy anytime in the 6 month period to April and get that rate for the following 6 months

  7. pearl

    Make certain you get the correct routing and account information from your bank. If you make a mistake entering your account information you have to verify it in person with your bank, have them sign the forms and then snail mail them to treasury direct.

  8. talmid

    Question for the accountants out there.
    Will this ruin any tax refunds credits etc. Like stocks (short term capital gain) does?

  9. KJ

    You only lock in the 7.12% rate for six months, so this in reality is like a 3.56% return for your money. The following six months will use the new rate which will probably be much lower.

    • Dan

      Uh, all but guaranteed it’s not going to be 0.

    • Y

      Very possibly will go higher than 7.12% in May based on the inflation rates…

      • Shift

        This is highly unlikely. It will most likely not be higher than 7.12% due to the Fed starting to increase interest rates next year. However, it will definitely be higher than 0%. I’m going to estimate it’s going to be something like 2-4%.

        • Y

          I believe the interest rate for these bonds are calculated on a lag. So the rates in May will be based on the inflation rates prior to then.

        • low maintenance guy

          That didn’t age well 🙂

  10. C

    How long does money transfer take to purchase bonds?

  11. MO

    “last chance to buy 2021 . . .” What is the difference if I buy 2021 bonds now or 2022 bonds next month?

    • Dan

      The difference between $10K or $20K earning 7.12%.

      • KB

        Personally don’t find this attractive at all. Put money in to the S&P 500. Set it and forget it…

        • Dan

          Bad idea to put all your eggs in one risky basket.

          • Mike

            The S&P is as strong as the US treasury. It may be a bad idea to put all your eggs in one basket

          • Dan

            I own VTSAX to mirror the market and I’ve owned AMZN and TSLA for years.
            But going all-in on stock is a risky strategy. Sure, it has more growth potential, but there are no guarantees in the market.

            We mirrored the 1918-1920 pandemic a century later, let’s just pray we don’t mirror the 1929-1939 depression a century later.

          • Prof.

            Only this time the economy moves faster, a decade might be 2 yares.

        • Natey

          If you want a short term investment, S&P is probably not your greatest option…

        • L

          Yes, because you’re guaranteed at least 7.12% interest in stocks. Diversification is key.

          • Wonderingyid

            Guaranteed? Lol

          • L

            That was sarcasm. Reason why I said diversification is key.

  12. reb yid

    Thanks for the tip! This truly is a well-rounded financial advice website.

  13. LLC

    Can you set up for each LLC name to buy under buy in one account? Can the moneys to fund each LLC buy, come from the same one account?

  14. Abey

    This is the government apology to poor people for inflating our money?

    • Simcha

      Poor people don’t have the money to inflate…

  15. Yaakov Krumbein

    can i buy on the 31st

    • Bob

      Yes but it won’t go through until Jan 3 and will count for 2022 not 2021.

    • Tom

      Not if you want to get a bond dated for this year. If you submit an order tomorrow, it will schedule it for purchase on the next business day which will be in the new year. There’s always at least a one business day lag which it won’t show you until the very last screen when you go to make the purchase.

  16. yoyo

    If me and my wife share a bank account is that ok? can we still but 10,000 each?

  17. Eli

    Thanks R’ Dan as always!!

    Will we be notified of the new rate every 6 months or do we need to check back on the site?

  18. Yoel

    Dan, do you recommend buying these bonds in your kids names as well?

    • Kids

      Only if they are true permanent gifts.

      • Yoel

        How about if a parent is listed as a co-owner? Anyone know if that changes anything?

  19. Eli

    You might want to note that if you wish to change your bank account info you will have to go with some form to your bank and have them sign it or something, a long procedure. You also want to note that if you buy them the actual purchase date will be the day after, so better buy today, the 30th.

  20. HelpMe

    Purchase yesterday showed this morning as expected.

  21. Wolf

    What’s the monthly income of interest on 10k at 7.12%?

    • Boogey woogey

      $59.3. Source:Calculator

    • Bob

      Approximately $59.33/mo for the 6 months that rate is effective, for a total of $356 interest paid at the end of the 6 months.

      • Lynn

        You do lose 3 months interest if you don’t keep for 5 years.

        • Matt

          The best way to play that is wait for the rate to drop so low that the penalty is meaningless. I probably won’t pull these until at least five years. If you compare them to CD’s over the past twenty years there are very few situations when CD’s outperformed the IBond.

      • Elli

        Just curious how you get to that number?

        • Boogey woogey

          10,000 x .0712/12 is the monthly interest payment. multiply by 6 for 6 months worth.

          • yuda

            you forgot to count the 59.33 that also gets interest every month.

  22. Steven

    Can Canadians buy in? What about with an ITIN?

    • Moe

      I believe that the US considers Canadians US citizens as well.

  23. Alex

    I’ve read elsewhere that since tomorrow is a holiday and since it takes 24 hours for the ACH to post that bonds purchased today most likely won’t go through in time for December. Still worth a shot I suppose?

  24. Clear

    Thank you Dan once again!!
    What about other type of bonds? What are the interest rates for the other type of bonds that the rates don’t fluctuate, what are those up to?
    Is it for sure worth going with this setup?

    • Bob

      The I bond has the highest rate by far.

      Long term Treasury Bonds have rates 1.5 – 2%

      EE bonds are 0.1% APY. But if you keep them for 20 years they get a one-time doubling, which works out to ~3.5% APY if you hold exactly 20 years.
      But if you cash out at 19 years 11 months you get the 0.1%, which is pretty bad.
      And if you hold longer than 20 years you end up reducing the 3.5% (due to more years at 0.1%).
      Not worth it IMO but can work as a part of a bigger strategy for some people.

  25. berny3232

    I just bought now and it has a posting date of tomorrow 12/31. I’ll double up in January.
    Thanks very much Dan, valuable post!

    • CtownBin

      Did it say “posting date” or “purchase date” is 12/31? In my case, at the end, it said “we may have changed your purchase date to the next available business day” and then in the Purchase Date field it said 12/31/2021. Is that what yours looked like, or is my purchase date going to be tomorrow and I missed it for 2021, maybe since I did it later in the day than you?

    • Double down

      same for me, just created an account and purchased, or at least I hope I got in under the deadline, so I can double-down come Jan.

  26. Dealz

    Only worth it if I can charge it and earn points. Or maybe buy with the silver dollar coins I still have hoarded

  27. ?

    Can someone elaborate on the tax implications when cashing out?
    Capital gains?

    • UncleSam

      at the time you cash out you will need to pay federal tax. but exempt of state

    • Boogey woogey

      it is interest payments so will be income not capital gains.

  28. puzzlefighter

    I bought them a few days ago, and I see they are back dated to 12-1 on one screen.

    However, the Security History tab indicates the following:

    Purchase Requested 12/27
    Security Issued 12/28

  29. boc

    Do I have to make a separate account for my wife? Or can I buy two on mine?

  30. LLC

    @dan So is it too late to benefit for 2021 if doing it today?

  31. JS

    Thank you Dan. Insightful. Was very simple to do and your article spelled everything out very clearly.

  32. B.Y.

    Which of the following are I bond?

    *Bills – Short-term securities of 1 year or less*
    1. Notes – Medium-term fixed-principal securities of 2 to 10 years
    2. Bonds – Long-term fixed-principal securities of more than 10 years
    3. TIPS Notes/Bonds – Medium or long-term Treasury Inflation-Protected Securities of 5 to 30 years
    4. FRN – Medium-term Floating Rate Notes

    *Savings Bonds (NO Paper Savings Bonds)*
    1. Series EE – An accrual-type security with a fixed interest rate
    2. Series I – An accrual-type security with a combination interest rate of a fixed and an inflation rate
    3. Zero-Percent Certificate of Indebtedness
    4. C of I – A non-interest bearing security which can be used to fund TreasuryDirect purchases

      • bruce

        It’s sketchy that the website doesn’t tell you what happens at maturity of 1yr. Also doesn’t say what premium you are paying for that unreal interest rate. Do you get cashed out the same money you put it? If you buy $100, do you get back $100 + the 9.62% interest gained?

        I bought some just to test it out, but didn’t go “all-in” because the above questions are of concern.

  33. Saralee Norman

    I am wondering how we can be sure that this website is a legit one. and not a scammer getting all of my information – ss#, license, bank information. What can I look at to see that it’s a legit site?

    • Anonymous

      Go to treasurydirect.gov, and start from there.

  34. Izzy

    It seems like Corporation may NOT buy I Bonds. See below from the US Treasury. Thanks

    Who may own an I bond?

    Individuals
    Yes, if you have a Social Security Number and meet any one of these three conditions:

    United States citizen, whether you live in the U.S. or abroad
    United States resident
    Civilian employee of the United States, no matter where you live
    To buy and own an electronic I bond, you must first establish a TreasuryDirect account.

    Children under 18

    Yes, if they meet one of the conditions above for individuals.
    Information concerning electronic and paper bonds:

    Electronic bonds in TreasuryDirect. A child may not open a TreasuryDirect account, buy securities in TreasuryDirect, or conduct other transactions in TreasuryDirect. A parent or other adult custodian may open for the child a TreasuryDirect account that is linked to the adult’s TreasuryDirect account. The parent or other adult custodian can buy securities and conduct other transactions for the child, and other adults can buy savings bonds for the child as gifts.
    Paper bonds. Adults can buy bonds in the name of a child.
    Trust, estate, corporation, partnership and some other entities

    Electronic bonds (in TreasuryDirect): Yes
    Paper bonds:

    Trusts and estates: In some cases, Yes
    Corporations, partnerships, other entities: No

  35. HOS

    iS THERE A LIMIT FOR NON PROFITS

  36. 4yourinfo

    Do I need to open a separate account for my wife or I can just put in another purchase of 10k?

  37. Winklevoss

    You can earn 8.05% holding GUSD at Gemini. No limits
    Interest compounds Daily

  38. Geotherm

    why is today the last day? I just put through a purchase and they dated it 12/31.

    • Saul

      Exactly. And if you do it tomorrow, they’ll date it for 01/01 (or later because it’s a weekend), because they need to pull the funds overnight.

    • Dan

      I’m not sure of anything, this was originally posted yesterday and my bond was issued today.
      Either you’ll get it for 2021 or 2022, but you’ll get the 7.12% either way.

      • Anz

        I’m referring to this below, not about your bond.

        If you want to buy 12/1/21 issue date bonds you’ll want to do so today before 11:59pm ET. You can buy 2022 bonds starting on 1/1/22.

        Posted today.

        • Saul

          I did it today and the summary says “Purchase Date: 12-31-2021”. To be fair, I don’t know if that means it will actually post by then. But if the issue is Dec 31st being a federal holiday, shouldn’t the treasury have shown me the next business day which would be in January? Or maybe it varies from bank to bank and will only post as 2021 if they can get the funds over by tomorrow?

          • Alex

            As an update, I bought yesterday with a purchase date of 12-31-2021 and it looks like it went through just fine with an issue date of 12-1-2021.

          • Dan

            Awesome!

          • shim

            Me Too

    • Saul

      That Yahoo article seems to have been mistaken. I did it on the 30th and today I see an issue date of 12-01-21. Either they mistakenly inferred that it was only doable on Dec 29, or the treasury spokesperson spoke wrong. It’s likely that he meant that the 29th is most likely to work, and he wouldn’t risk saying the 30th, but when everything is done right and goes through smoothly, it would work on the 30th as well. The 31st is not a federal banking holiday, it’s only when it’s observed as far as giving employees off, etc.

  39. Moishebatchy

    I missed the midnight deadline to buy under my child’s name due to complications setting up the minor account. Now, the site says the effective purchase date will be 01/03/2022. Is there any point in buying ASAP anyway? Or once I’ve missed the interest for December 2021 anyway, may as well wait for January 30th to buy, and it will make no difference anyway?

    • Dan

      May as well wait, unless you’ll procrastinate then too 😀

      • Moishebatchy

        LOL, I got mine in time. It’s my kid’s that was a problem, because I wasn’t expecting setting up a minor’s account to be more complicated.

    • Gozalimddf

      Schedule the purchase now to process late in the month

  40. Dan best

    Bought yesterday posted today!

  41. Lee

    When will the interest be posted? First day of the month, monthly?

    • Alex

      If your bonds are still within 5 years from the Issue Date, the Current Value automatically excludes interest earned in the last three months. If you cash out today, you’ll receive the Current Value. That’s why you won’t see any interest in the current value during the first three months.

      • Jacque

        Good explanation. Thank you.

      • Lee

        Thank you for the explanation, Jacque!

  42. sa13doc

    @Dan do you see interest added on 1/1/22? I also had purchase date of 12/1/21 but no interest is credited yet..

  43. Boogey woogey

    Did the interest for December not post for anyone else? still saying the value is 10k despite issue date being 12/1.

  44. Puffer

    When should the interest post?

  45. 4yourinfo

    is today the last day to purchase to get credit for January?

    • Myi

      Shabbos, sunday.. but we don’t work then.

  46. nsx at FlyerTalk

    @Dan, you should have mentioned that 20 years ago we could buy paper bonds with a credit card. Good times. I kept some of them but I wish I had held on to more. Inflation plus 2 percent is looking pretty good now.

    • Dan

      Gosh, before my times! That would have been fun though.

  47. mootkim

    Does the one year hold to pull out funds start from purchase date or retroactive issue date?

  48. HomeChef

    What’s the advantage of buying the I Bonds today, instead of waiting for near the end April? Earlier maturity/time to cash out? The rate changes in May and it’s likely we will see an announcement of the new rate at the end of April. Maybe we will have a higher rate for the second half of the year. Regardless of when you purchase between now and April 30, you will get 7.12% for 6 months.

    • S

      Is there a benefit to waiting? If the rate goes up, then you should get that new upgraded rate for the following six month period anyway. Just sacrificing the 7.12% for no reason, no?

  49. R

    These are great. EE bonds are also a nice way to secure a 3.5% return for 20 years. The only issue is that they yield virtually nothing in interest, but you are GUARANTEED to double it in 20 years.

    So – hold for 20 years and you yield 3.5% return. Hold for 19 years and 11 months and you’ll get very little though

  50. Israeli

    I’m confused, doesn’t the face value of the bond fluctuate with interest rates or does the price of the bond stay relatively close to par because the coupon rate is variable and adjusts every 6 months thus mitigating interest rate risk?

  51. dave

    is it too late to buy bonds now if i want to get the interest for the month of january?

  52. Eve

    Uch missed it Friday is a hard day guess I may as well wait till end of February

  53. Barry

    FYI I bought one today on Sunday and the purchase date will be January 31st. Not sure whether it will get the issue date of January 1st or not but we’ll see

    • shim

      So what is your purchase date?

    • Barry

      It worked.. issue date Jan 1

  54. Mo

    PLEASE CALRIFY:
    Today is 1/31/2022. I saw the post. After reading it it seems to me that the same opportunity will be available
    02/28/22
    03/31/22
    04/30/22
    Maybe 05.31.22 (Not sure when the interest rate updates.

    Please confirm If I am correct and can do the EXACT same thing on 3/30 with the SAME benefits.

  55. chaaarvy

    @Dan- 2 important points that you should mention in the post. 1- Within 60 days of selling a bond, you can put the money into a 529 education account and use that money for K-12 tuition (pg 7 of irs.gov/pub/newsroom/7-529-account-funding%20-529-13602_508.pdf). 2- Education credits are only for bonds in one’s personal name, not a company. Thanks

  56. Dov

    If i buy today (Jan/31) will is still get the 7.12% or am I too late?

  57. Dave R

    if i bought an I-bond on 12/31 does that count for 2021? or for 2022? It looks like it didn’t process until 2022 since 12/31 was technically a holiday? is there any way to determine which calendar year the purchase falls into?

  58. Mendy

    Can a foreign with a visa student have an account? or it’s only for a us citizen!?

    Thanks

  59. q

    it says on the website that in a area thats affected by a disaster, special provisions may apply and you can redeem the i bonds back even during the first year
    is that now??

  60. save us

    inflation 7.5
    time to bump the post just to save cash!

  61. help

    how come when i go onto the treasury direct website do i not see the interest i was supposed to recieve? all i see is the amount of money i put in more then a month ago

    • Dan

      “Note that if your bonds are within 5 years of the issue date, the current value excludes all interest earned in the last three months. If you cash out today, you’ll receive the current value, which is why you won’t see any interest added to the current value during the first three months. After 5 years there is no cash out penalty, so the current value will reflect the full value with no penalty.”

      • Dave

        i bought in dec, yet still do not see any interest added, it’s been more than 3 full months?!

  62. Eli

    Dan- i purchased i bonds a few months ago and when i go on treasury direct onto my account i dont see any interest, just the ammount that i put in…what would be the reason for that?

    • Mo

      It seems after 6 months the interest is added to your base amount and now you begin to earn interest on that as well. Even after 6 months it will only show 3 months of interest (4 months after 7 etc.) as the amount reflected is the amount it is worth at that given moment. Since if you would pull out before 5 years you lose 3 months, therefore it wont be reflected in you total.

  63. Ben P

    Why should we buy today and not wait for the new interest rate in May?

    • Dan

      Because 7.12% is historically high and avoids an unknown locked in rate.

      If you buy today you can 7.12% from 4/1/22-9/30/22 and 9.62% from 10/1/22-3/31/31. You can cash out starting 4/1/23, but if rates stay high you will get the next TBD rate from 4/1/23-9/30/23.

      If you buy in May you get 9.62% from 5/1/22-10/31/22 and then an unknown amount from 11/1/22-4/30/23. You can cash out starting 5/1/23, but if rates stay high you will get the next TBD rate from 5/1/23-10/31/23.

  64. jake

    so if i would only hold on to these for a year (10K) how much would i walk away with

    • Naftali

      I would guestimate around 6-700..becuase u will lose 3 months of interest,
      However if you keep it for 5 years you would likely end up with around 5k profit
      and in ten years unless inflation goes down significantly you should more than double your money.
      someone Correct me if I’m wrong

      • S

        Cashing out after 12 months should net about $597 after factoring in the penalty. Much better off (if at all possible) to hold it for 3 additional months (so 15 in total) so as not to waste 3 months worth of 9.62% interest. Holding for 15 months should yield approximately $837 after penalty.

        I love I-bonds for their current risk free interest rate, but you’re drastically overprojecting their long term returns.

        I don’t think most people expect the CPI to remain this high for long. Presumably it’ll settle to the 2-3% range in the next year or two.

        If you were to project 5% for the next year (following the 9.62% period), and then 3% thereafter, the return would come out to approximately $2,500 after 5 years and $4,500 after 10 years.

  65. John Beckingham

    can i just get my wife a gift I bond for 10k so she doesn’t have to go through the whole hassle to create an account>?

    • Naftali

      I believe she has to have an account in order to redeem it/receive it

  66. Yitz

    Dan, how do you know it’s going up to 9.62%?
    I didn’t see that on the site

    • Part Time CPA

      Not officially announced but some financial websites estimate the rate due to the inflation rate.

      I think it worthwhile to wait a month to get the higher rate sooner (May 2022).

      • Dan

        Why not take the guaranteed 6 months at 7.12+ 6 months at 9.62 instead of the unknown?

        • Saul

          And you also get another (around) .6% guaranteed return by not waiting another month for the possibly higher rate. Does that make sense?

          • S

            Much more than .6% because the way it works is that you get the current rate for 6 months. So you’d be locking in 6 months at the 7.12% rate (and following that, 6 months of the 9.62% rate).

        • Part Time CPA

          On $100 In a year assuming 6 months 7% and six 9% = $8.00 interest at average 9% would be $9.00 interest

          A month of waiting a cost $0.67 assuming it doesn’t cost you anything.

  67. Js

    Why didn’t I get any interest yet from funds deposited in December ?

    • Hocker

      I think it takes 6 moths to first start getting interest

    • Mootkim

      You should have received $60

  68. Cee

    Is a business considered an individual investor?

  69. Zal

    Can’t get into my account, it asked me to pick the 3 security questions I chose way back then and answer them, which I have no idea which ones I chose. Tried answering all of them, but nothing doing.
    Now I’m locked out.

    • Randomjay

      I had similar situation, you can call them they’re pretty helpful. Wait time is long though..

  70. Hocker

    I put $10K in November, now 5-6 months later my account is at $10,116 at a rate at 7.12%

    Why is it so low? It Shlome be around $10,350 range.

    Thoughts?

  71. Simplicity

    Say I would buy $1000 today, and want to cash out after 6 months. After the penalty how much interest would I be making at the end of the day?

    • Part Time CPA

      You are locked in for a year. (Rate changes two times a year) If the rate is 8% after a year you should have $1,060 less Federal income taxes.(you lose 3 months interest if cashed before 12 months.)

    • Part Time CPA

      Correction.
      You are locked in for a year. (Rate changes two times a year) If the rate is 8% after a year you should have $1,060 less Federal income taxes.(you lose 3 months interest if cashed before 5 years.)

      • Simplicity

        Isn’t 8% $1080?
        Also I will be paying taxes on that money when I pull out no?

        • Littlebit Jewish

          Three month interest penalty.

        • Littlebit Jewish

          Federal Taxes only on the interest.

  72. Dov

    Read the fine print. Sounds good, but there is a catch. A few really. One: you cannot take out the money for a while. If you take it out early z there is a penalty. Two:. Historically, inflation has been low. The current high inflation will not continue very long. The high interest rate of these bonds is due to inflation. Once the inflation rate drops, so does the rate in the bond. The fixed rate part of the bond is ZERO (last time I looked).

    Final point: Basically, you get a great introductory rate for six months, maybe a year z then it drops to a very very low rate.

    Suggestion:. Ask a financial advisor about these. I did.

    • S

      Suggestion – do your own research and use your own 2 cents, because this is one of the few investment products where financial advisors cannot make a dollar off of.

    • Yechiel Z

      What are you saying ?

      For this upcoming 12 Months, your Gold, after the 12 Months, you can ‘redeem’ and the money plus the interest is yours. (your penalty is 3 months of interest for monies that aren’t there for 5 years), big Deal dude.

      This is great!!!!

    • 4yourinfo

      Fine print: locked in for just one year, rate will be historically high for at least a year 3/23. Why don’t you look up thread at all the naysayers who said the rate will drop to nothing by October…
      Suggestion: Don’t ask your financial advisor

      • Dan

        Plus if it goes down eventually, you wait 3 months and pay almost no penalty.

    • Littlebit Jewish

      Really, Here is the rate history. for the most part it is much higher than the market rate.

      https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate

      Nov. 2021 Apr. 2022 7.12%
      May 2021 Oct. 2021 7.12%
      Nov. 2020 Apr. 2021 7.12%
      May 2020 Oct. 2020 7.12%
      Nov. 2019 Apr. 2020 7.33%
      May 2019 Oct. 2019 7.64%
      Nov. 2018 Apr. 2019 7.64%
      May 2018 Oct. 2018 7.43%
      Nov. 2017 Apr. 2018 7.22%
      May 2017 Oct. 2017 7.12%
      Nov. 2016 Apr. 2017 7.12%
      May 2016 Oct. 2016 7.22%
      Nov. 2015 Apr. 2016 7.22%
      May 2015 Oct. 2015 7.12%
      Nov. 2014 Apr. 2015 7.12%
      May 2014 Oct. 2014 7.22%
      Nov. 2013 Apr. 2014 7.33%
      May 2013 Oct. 2013 7.12%
      Nov. 2012 Apr. 2013 7.12%
      May 2012 Oct. 2012 7.12%
      Nov. 2011 Apr. 2012 7.12%
      May 2011 Oct. 2011 7.12%
      Nov. 2010 Apr. 2011 7.12%
      May 2010 Oct. 2010 7.33%
      Nov. 2009 Apr. 2010 7.43%
      May 2009 Oct. 2009 7.22%
      Nov. 2008 Apr. 2009 7.84%
      May 2008 Oct. 2008 7.12%
      Nov. 2007 Apr. 2008 8.36%
      May 2007 Oct. 2007 8.47%
      Nov. 2006 Apr. 2007 8.57%
      May 2006 Oct. 2006 8.57%
      Nov. 2005 Apr. 2006 8.16%
      May 2005 Oct. 2005 8.36%
      Nov. 2004 Apr. 2005 8.16%
      May 2004 Oct. 2004 8.16%
      Nov. 2003 Apr. 2004 8.26%
      May 2003 Oct. 2003 8.26%
      Nov. 2002 Apr. 2003 8.78%
      May 2002 Oct. 2002 9.19%
      Nov. 2001 Apr. 2002 9.19%
      May 2001 Oct. 2001 10.23%
      Nov. 2000 Apr. 2001 10.64%
      May 2000 Oct. 2000 10.85%
      Nov. 1999 Apr. 2000 10.64%
      May 1999 Oct. 1999 10.54%
      Nov. 1998 Apr. 1999 10.54%
      Sept. 1998 Oct. 1998 10.64%

      • shim

        You got this wrong, this schedule is the current rate if bought…….

      • Shloimy

        You completely misread that, it’s the current rate depending on when you bought it

  73. Joe NY

    When I buy today, will the rate be 7.12 till October and 9.62 from October?
    Also, When buying as a gift, is the withdrawal date (penalties) counted from the day purchased or the day of gift received ?

  74. Zal

    When you redeem early, you lose the last 3 months of interest or the first three months of interest?

  75. ariel

    Fwiw, you can allow pasting of your password by modifying the html of the page (e.g. in chrome, right click on the password box and then click “inspect element).
    Find the part that says readonly="readonly" and delete it. Viola, you can now paste in that field. Haven’t tested whether that allows a password manager to autofill.

    • Naftali

      amazing!
      works with autofill too 🙂

  76. confused

    I purchased bonds jointly with each of my children. How do those count towards the 10K limit for myself and for them?

  77. EE

    Thanks Dan. I purchased for myself, wife, and all kids. For those worried that the inflation rate will not stay high then there is a simple solution…you wait 3 months to cash out (after the 1 year (i.e. the 11+ month) holding period) and lose out on the last 3 months of low or even no interest. The overall return will beat by far any other risk free investment, imo.

  78. shim

    Does anyone know if you can nick name a bond? How do you do it?

  79. mendel

    can i buy em with a credit card?

  80. Phil

    There’s a lot of information here. This looks compelling. I have 1 primary question, how long will I have to keep my money in the bond? If I’m reading it right it’s 5 years for full maturity. Am I reading that right?

    • S

      It’s locked in for 1 year. After 1 year, there is a 3 month interest penalty unless you hold for 5+ years.

  81. EE

    12 months required (which could translate into 11 months and a few days depending on the exact date it is purchased). If less than five years you lose the last 3 months of interest.

  82. Yosef

    Can I still buy today and get the locked in rate for 12 months ?

    • Littlebit Jewish

      Rate is locked in for 6 Months at a time.

  83. S

    Anyone have experience buying this for a sole prop? Simple? Can just use SSN?

  84. sam

    when trying to buy today it says purchase date is 4/29. Am I too late?

  85. Eli

    any idea on best way to unlock a teasuredirect account that got locked due to incorrect passwords attempts? the number it told me to call has a 3 hour wait time…..

  86. Harfer

    Just bought.
    Purchases are issued within 1 business day, therefore if you’d buy tomorrow it would be issued on Monday which is 5\2
    Is that the reason you write that today is the last day to get the offer?

  87. chaim

    do i need seperate treasurydirect accounts in mine and wifes names to purchase 10k for each of us? or can i add her directly onto my account and make another purchase?

    • Littlebit Jewish

      You can use one account for the purchase and do a gift purchase for your wife. But she would need an account to redeem.

      • chaim

        there seems to be option to add another registrant in which case i might be able to do it in her name without the gift option. i just dont know whether i have to register her as a “solo” “primary” or “beneficiary”, which are the 3 options given.

  88. Yuda

    @Dan if you buy as a gift do you have to pay tax on the whole $10,000 when you cash out? Or just the interest?

  89. A

    Till what time can I do it does it have to be during business hours or till 12 o’clock

  90. Abraham

    According to the Finance Buff article on kids, doesn’t seem so simple cashing them out. Officially the kids money…

  91. Abraham

    Can i buy if living in Canada or do I need to be a US resident? I am a US citizen with a SS#.

  92. DD

    Is there a time deadline for today or 11:59EST?

  93. Bruce

    Changing bank information if you ever signed up for a treasurydirect account in the past is a GIGANTIC PIA…FYI

    • 4yourinfo

      can always have someone gift it to you

      • danny

        purchased gift for business more then 5 days ago, tried delivering and got the following error – Individual accounts are not permitted to deliver a gift security to an Entity Account.
        does anyone know how to cancel? change registration of gift?
        did i lose my money???

  94. danny

    i purchased max 10k this year then was sent gift of 10k, now my balance is 20k. hmmmm. can anyone explain this

    • 4yourinfo

      if you over purchased they will cancel the bond as they did to me.. not sure how it works it it came in via gift

      • danny

        but its been posted to my acc for few days. how long did it take them to cancel bond??

  95. Brian G

    Just bought today, but this was the comment I received the following note:

    We may have changed your purchase date(s) to the next available business day.
    04-29-2022 IAAAA

    Does that get me in by today’s deadline?

    • Dan

      Yes. I already factored that in.

      • Mendel

        phew, just happened to me to

  96. AB

    How do you adds funds your treasury acct to be able to purchase?

    • AArt

      You’re not adding funds to a treasury account, it’s a direct purchase from your bank account.

  97. mootkim

    Question: My wifes account which I did not purchase from yet this year got a hold on it cuz I messed up when trying to do the bank information. The need her to send in a whole form via mail and they said can take 2 to 3 weeks. Can I gift her from my account now? Will she receive it immediately (and obviously only be able to access it when we fill in the forms and papaerwork)?

  98. APS

    I bought for myself and my kids thanks Dan!
    I want to buy more but the money will only transfer from my savings account into my regular account tomorrow, Dan what are the chance that if buy tomorrow that I’ll get the 4/1 purchase date?

    • jking

      why not do direct ACH from savings?

      • APS

        Because it seems its real hard to change accounts

  99. Ari

    @Dan, If I bought this in December at 7.12%, will I also get the increased 9.62% at some point?

  100. Raj

    Is it possible to set this up tonight to lock in for 2021?

  101. Q

    trying to buy now. saying that purchase date will tomorrow 4/29/22. will i still get these interest numbers?

    • David P

      Yes. That’s why two days the last day not tomorrow because it goes into effect the next business day

  102. ES

    Wow Dan, a big yasher koiach. This is great for some money we had saving up for a down payment, but has just been sitting and depreciating. Thanks for sharing!

    • Shloimy

      Just keep on mind that you can’t take out that money for a year, so if you’ll need it for a down payment within the year, you won’t be able to access it.

  103. Yogi

    Why can’t I buy on 4/29 and still get interest for the month of April?

  104. DaveNJ

    I just bought 10k and it is showing a purchase date of 4/29. Does that mean I won’t receive the backdated interest?

    • 4yourinfo

      Just too late to get interest for April Prob.

  105. leah

    i accidentally made an second purchase of 10k and it was processed. how does that work with the 10k limit?

    • 4yourinfo

      It’ll get cancelled takes over a month to get back your money

  106. yoyo

    If I buy today, it wont work?

  107. correct me if im wrong

    The first comment claims that you get interest for the WHOLE month (meaning 30-31 days of interest) REGARDLESS OF WHICH DAY of the month it was purchased on. Doesn’t make much sense to me, and if it’s untrue, please respond to it, as it is highly misleading and causing ppl to lose out 2-3 weeks of interest by buying later in the month.

    • Dan

      That is correct. The post says the same thing.

  108. .

    just curious, when do i get the interest? is it after every 6 months or id see an update after every month?

  109. Elad

    Is it ends for good or only for the April interest rate?
    If the inflation rate gonna stay the same +- on may, is it the same deal?

  110. Jack out of the Box

    If the rate from April 29th is 9.62%, what was the attraction of buying on the 28th with a lower interest rate?

    • Dan

      1. Lock in a historically high interest rate.
      2. Know that the interest rate will be high for the entire 1 year lockin period.

  111. AR

    says theres a hold on the account unti lthey receive the authorization form that has to be mailed in and can’t purchase until then. is there any way around that? How can we buy today?

  112. EE

    @Dan I bought in Dec 2021 and then again in Jan 2022. For the first 3 months of the Dec 2021 purchase it showed the value of the bonds as the purchase price because of the losing the last 3 months of interest if you dont hold for 5 years rule. Once April 1 came the Dec 2021 bond showed $60 in interest and the Jan 2022 bond showed $0 as expected. Now on May 1, the Dec 2021 bond shows $116 in interest and the Jan 2022 bond shows $60 in interest. I am having trouble figuring out why that should be. If the Jan bond got $60 in interest for the month of Jan, why wouldn’t my Dec 2021 bond get $60 for Jan too, why did it only get $56….i don’t get it. Dan can you figure this out?

    • dm

      I have the same issue and trying to figure it out. Maybe it’s because there are 31day in March and 30 in April? But then why is it $4 difference?

  113. Pm

    When does the interest show up on the account?
    Every month, or quarterly?

  114. Steve

    Dan, If my wife & I bought $10k of I Bonds with our own Treadsury Direct accts, can we still gift each other another $10k each without going over the $10k limit? Thanks!

    • Dan

      You can, but you can only receive the gift in 2023. But it will earn interest starting now.

  115. David P

    On the treasury direct website it says that you purchase up to $10,000 in electronic buns and a additional $5,000 in paper bonds. What’s the process in buying paper I bonds

    • Dan

      You need to use your tax refund to buy those.

  116. JR

    Bummer! Got an email my bank info was not right so I have to do it again. Guessing that means I missed April lock in.

  117. Dave

    Ok, so I just bought. So at this point my high interest is only guaranteed for 6 months, not 1 year. Am I understanding correctly? Oh well…

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