The I Bond Thread

[erkevin]

On a side note: I called treasury Direct this AM because I locked myself out of my account. Within seconds after pressing "2", a human answered. Yes, a real human. Got my account access reinstated in about 2 minutes. total time on the call 3m 46s.

[Free bird]

Quote:

Originally Posted by erkevin On a side note: I called treasury Direct this AM because I locked myself out of my account. Within seconds after pressing "2", a human answered. Yes, a real human. Got my account access reinstated in about 2 minutes. total time on the call 3m 46s.

Signs & wonders

[audreyh1]

Couldn’t resist the 0.9% fixed rate and bought some new IBonds this morning. I will probably redeem my 0.2% fixed rate IBonds later this year when they stop earning 6.96%.

[Mulligan]

Quote:

Originally Posted by audreyh1 Couldn’t resist the 0.9% fixed rate and bought some new IBonds this morning. I will probably redeem my 0.2% fixed rate IBonds later this year when they stop earning 6.96%.

I plan on gifting 15k to myself via GF of the .9% prior to next cycle. Hoping following cycle is better next year and do the purchase and gift. Will cull the 0% herd to help pay for them.

[Fermion]

About how long does it take for paper bonds to show up as converted to electronic? I mailed them in about 3 1/2 weeks ago but when I view the manifest, I don't see any changes yet and no bonds are showing up yet in my conversion account.

[Kayzmum]

On the website our iBond purchased 5/1/22 notes 3.38% interest. The iBond purchased on 10/1/22 shows 6.48% interest. I thought they would both be 4.3%, the rate that went into effect on 5/1/23.

[audreyh1]

Your IBonds switch to the new rate 6 months after your purchase month. So your 5/22 IBond changed to the latest rate in May and will again in Nov. Your 10/22 IBond changed to its current rate in April won’t switch to the latest rate until October.

The 4.3% rate on the current issue IBonds includes a 0.9% fixed rate. The earlier issued 2022 IBonds had lower fixed rates and won’t be the same.

According to the Treasury Direct page linked both your 2022 issued IBonds have a 0% fixed component in their rates. https://www.treasurydirect.gov/savin...nterest-rates/

[Kayzmum]

Quote:

Originally Posted by audreyh1 Your IBonds switch to the new rate 6 months after your purchase month. So your 5/22 IBond changed to the latest rate in May and will again in Nov. Your 10/22 IBond changed to its current rate in April won’t switch to the latest rate until October. The 4.3% rate on the current issue IBonds includes a 0.9% fixed rate. The earlier issued 2022 IBonds had lower fixed rates and won’t be the same. According to the Treasury Direct page linked both your 2022 issued IBonds have a 0% fixed component in their rates. https://www.treasurydirect.gov/savin...nterest-rates/

I think I see what you mean. I was thinking it stayed the same interest for the 6 months after I bought them and then changed every May 1st and October 1st, but it seems like you're saying they change every six months from the date purchased and they ignore the newest interest rate until the 6-month interval reoccurs. Is this correct?

[audreyh1]

Right, the rate changes every 6 months from your purchase month. So you stay at the rate you purchased for 6 months then change to the new rate (announced every May and Nov) for the next 6 months, etc.

And the actual rate you get depends on the fixed rate at time of purchase. That never changes for your IBond. Just the inflation component. The link goes into to details.

[Kayzmum]

Quote:

Originally Posted by audreyh1 Right, the rate changes every 6 months from your purchase month. So you stay at the rate you purchased for 6 months then change to the new rate (announced every May and Nov) for the next 6 months, etc. And the actual rate you get depends on the fixed rate at time of purchase. That never changes for your IBond. Just the inflation component. The link goes into to details.

Thank you!

[londo]

Quote:

Originally Posted by Fermion About how long does it take for paper bonds to show up as converted to electronic? I mailed them in about 3 1/2 weeks ago but when I view the manifest, I don't see any changes yet and no bonds are showing up yet in my conversion account.

Did you get an email acknowledging receipt? I sent in paper bonds in February and the email I received said to allow up to 13 weeks. I checked at about 12 weeks and they weren't there yet. We're now at about 15 weeks and I just checked and they are in my account. So you may have another couple of months to wait.

[pb4uski]

Quote:

Originally Posted by Kayzmum I think I see what you mean. I was thinking it stayed the same interest for the 6 months after I bought them and then changed every May 1st and October 1st, but it seems like you're saying they change every six months from the date purchased and they ignore the newest interest rate until the 6-month interval reoccurs. Is this correct?

Go to eyebonds.com and pick the denomination and month/year of issue to see a table of values.

[madatrub]

Quote:

Originally Posted by pb4uski Go to eyebonds.com and pick the denomination and month/year of issue to see a table of values.

eyebonds.info?

[Chuckanut]

Quote:

Originally Posted by londo Did you get an email acknowledging receipt? I sent in paper bonds in February and the email I received said to allow up to 13 weeks. I checked at about 12 weeks and they weren't there yet. We're now at about 15 weeks and I just checked and they are in my account. So you may have another couple of months to wait.

It took about 4 weeks for a few Ibonds I had to convert. IIRC, I never received an email saying they were received. I checked about once a week, and one day there they were in my account.

[PatrickA5]

Quote:

Originally Posted by Fermion About how long does it take for paper bonds to show up as converted to electronic? I mailed them in about 3 1/2 weeks ago but when I view the manifest, I don't see any changes yet and no bonds are showing up yet in my conversion account.

We sent inherited bonds in about 9 weeks ago and still waiting. Ours were a little more complicated as we're trying to have bonds that were solely in FIL's name transferred to DWs account in her name. Hopefully, we filled out the paperwork correctly. Not a quick process. DW did receive an email saying Treasury got the bonds, so we at least know they have them.