Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Different I Bond Question
Old 03-01-2024, 05:32 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,965
Different I Bond Question

I have some old I Bonds currently earning 3.94%. March 2011 issue, $140 Principal Current Redemption $195. But the I Bond issued September 2011, also $140 Principal,, also has that same $195 Redemption amount. I thought I Bind interest accrues monthly, and I'm past any penalty period. How can both current values be correct, since purchased 6 months apart?
I have quite a few others with the same situation.
mystang52 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-01-2024, 01:42 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,965
Bump. Anyone have an idea, regarding my question?
mystang52 is offline   Reply With Quote
Old 03-01-2024, 02:52 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,385
No but have you tried eyebonds.info?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 03-01-2024, 10:58 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,385
Quote:
Originally Posted by mystang52 View Post
I have some old I Bonds currently earning 3.94%. March 2011 issue, $140 Principal Current Redemption $195. But the I Bond issued September 2011, also $140 Principal,, also has that same $195 Redemption amount. I thought I Bind interest accrues monthly, and I'm past any penalty period. How can both current values be correct, since purchased 6 months apart?
I have quite a few others with the same situation.
Yes, they can be correct.

A $100 ibond purchsed in March 2011 would be worth $139.84 on Mar 1, 2024 so your $140 bond would be worth $195.78

A $100 ibond purchsed in Sept 2011 would be worth $139.40 on Mar 1, 2024 so your $140 bond would be worth $195.16

From eyebonds.info

I think the amounts are so close because the March 2011 ibond ony earned 0.74% for the first 6 months so it was only worth $140.50 when you bought the Sept 2011 ibond for $140.00.
Attached Images
File Type: jpg Capture.JPG (297.3 KB, 4 views)
File Type: jpg Capture2.JPG (289.9 KB, 3 views)
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bond Fund Question- Treasuries vs Total Bond RetMD21 FIRE and Money 4 06-27-2022 03:34 PM
Focused Bond, Bond Mutual Fund, And Bond ETF Questions clobber FIRE and Money 15 05-10-2020 12:10 PM
health care question for living in two different places. theboogers Health and Early Retirement 11 12-02-2010 06:07 PM
Property Tax Rates: Different States, Different Strokes? Orchidflower FIRE and Money 39 10-28-2007 01:41 PM
different answers to the same question dale FIRECalc support 3 10-20-2007 08:22 PM

» Quick Links

 
All times are GMT -6. The time now is 09:36 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.