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I Bond rate at 2.2 % starting in May
Old 04-13-2012, 07:34 PM   #1
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I Bond rate at 2.2 % starting in May

With the CPI announced for March, the next 6 months will be 2.2% starting in May assuming fixed rate is 0% (according to another forum). Any I Bonds purchased prior to end of month is 3.06% for 6 months before changing to 2.2%. The first 4 months of the cycle had little change, with most of the CPI inflation occurring in the past 2 months.
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Old 04-13-2012, 08:50 PM   #2
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Thanks for the heads-up
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Old 04-13-2012, 09:19 PM   #3
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Greek bonds are about 19% in comparison.
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Old 04-13-2012, 09:29 PM   #4
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Quote:
Originally Posted by Chuckanut
Greek bonds are about 19% in comparison.
Thats way too risky for me. I Bonds to me, are gloried short term CDs that pay a better rate and have no state income tax. This is as exotic as I get in the bond arena!
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Old 04-13-2012, 10:39 PM   #5
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Looks like those of us who jumped in at the end of October can continue to ride another 6 months,,
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Old 04-13-2012, 10:41 PM   #6
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Thats way too risky for me.!
Me also. It was offered as a comparison, not a recommendation.
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Old 04-15-2012, 10:00 AM   #7
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I am new to I Bonds. Are their yearly taxes on I bonds if you do not sell them?
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Old 04-15-2012, 10:22 AM   #8
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I am new to I Bonds. Are their yearly taxes on I bonds if you do not sell them?
Taxes are deferred until you cash them in.
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Old 04-15-2012, 12:14 PM   #9
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Thanks brewer. Can you buy 10k of I Bonds and 10k of EE bonds in the same year?
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Old 04-15-2012, 12:23 PM   #10
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Thanks for posting this Mulligan.
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Old 04-15-2012, 01:35 PM   #11
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Thanks for posting this Mulligan.
Your welcome Dreamer. You know I live a boring life when I track I Bond rates for entertainment! Rec, I believe you can buy 10k of both. However, I dont know the benefit of buying EE bonds and locking in at 0.60% interest, unless you are planning to hold the full 20 years and get your doubling of the principle which equals out somewhere in the neighborhood of a little over 3.5% if my memory serves me.
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Old 04-15-2012, 01:36 PM   #12
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Thanks Mulligan.
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Old 04-15-2012, 01:39 PM   #13
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Can you buy 10k of I Bonds and 10k of EE bonds in the same year?
That's looks correct, plus you can buy another $5k (per SSN) in I Bonds using your Tax Refund.

Check out the chart for details:

Individual - I and EE Savings Bond Comparison
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Old 04-15-2012, 01:53 PM   #14
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So a total of 15k of I Bonds. I guess if you do not get a refund you could pay 5k in then you would get a 5k refund.

Thanks Dimsumkid.
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Old 04-15-2012, 02:06 PM   #15
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So a total of 15k of I Bonds. I guess if you do not get a refund you could pay 5k in then you would get a 5k refund.
I saved this article discussing the forms needed to get the I bond using your tax return,IRS form 8888. If you owe, you can still get them using IRS form 4868 and making a payment.

Backdoor to Paper Savings Bonds
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Old 04-15-2012, 05:27 PM   #16
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Question about interest forfeiture::
Cashing an I-Bond that is less than five years old results in a one quarter interest give back.
My question is this: Is the give back quarter the last quarter earned, or is it some percentage of the entire amount of interest earned during the life of the bond??
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Old 04-15-2012, 05:59 PM   #17
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Question about interest forfeiture::
Cashing an I-Bond that is less than five years old results in a one quarter interest give back.
My question is this: Is the give back quarter the last quarter earned, or is it some percentage of the entire amount of interest earned during the life of the bond??
Taken from their website:

"If you redeem I Bonds before they’re five years old, you'll forfeit the three most recent months’ interest; at or after 5-years old, you won’t be penalized."


Individual - I Savings Bonds Rates & Terms
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Old 04-15-2012, 06:43 PM   #18
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Quote:
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Taken from their website:

"If you redeem I Bonds before they’re five years old, you'll forfeit the three most recent months’ interest; at or after 5-years old, you won’t be penalized."


Individual - I Savings Bonds Rates & Terms
That's what I needed, thanks Jimbo.
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Old 04-29-2012, 02:34 AM   #19
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The EE bond will have a fixed rate of 3.5% from May thru Nov.
This rate has gone up, I wonder if the I bond will have a small fixed rate this time.

Individual - Series EE/E Savings Bond Rates
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Old 04-29-2012, 06:11 AM   #20
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The EE bond will have a fixed rate of 3.5% from May thru Nov.
That rate is an exploding rate, applicable only if the Series EE bond is held for 20 years. The rate during the period that ends April 30 is 0.60%.
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