ELI5

​

I check it this weeked for the first time.

​

This was my first and only venture into Ibond investing.

​

Am I reading this wrong or did I do something wrong?

​

I assumed when I checked on it this wee that I would have $10,962 or more,

​

Why is it only $10,000.

You are reading it wrong. You need to click into the bond to see the current value.

Keep clicking. It won’t be $10,962 though, both because interest rates have fallen (the 9.62% was only for the first six months) and there is a three month interest penalty for the first five years.

Click on it. You’ll see the actual value.

The website is weird. The first screen you see is just the amount you paid for the bind. Ther should be a tab along the top of the screen that says “current holdings”. Click there and you’ll see your full value.

9.62% was only for 6 months, your yield was actually 4.81%

This gets tricky now. Your base rate for your ibond is 0%.

November 2021 interest rates set to 7.12% or 3.56% for 6 months

May 2022 interest rates set to 9.62% or 4.81% for 6 months

November 2022 interest rates set to 6.89% or 3.45% for 6 months, but you do not get the base rate, so your rate is 3.24%

May 2023 interest rates set to 4.3% or 2.15% for 6 months, once again no base rate for you you get 1.69%

[https://treasurydirect.gov/files/savings-bonds/i-bond-rate-chart.pdf](https://treasurydirect.gov/files/savings-bonds/i-bond-rate-chart.pdf)

You bought in March 2022,

your interest rates you have earned are 3.56%, 4.81%, 3.24%, and 1.69%.

If you cash out you lose out on three months of the 1.69% rate.

isn’t math fun?

Click on the Savings Bond $10,000

it should take you to a screen called Current Holdings

go to the bottom of the screen it should say Savings Bonds

You have Series EE or Series I

it should show you the Series I $10000 then Current value $11,000 or so

Is it like t bills where the amount you buy is the final maturation amount so you actually buy whatever lesser amount plus the interest you accumulate equals the 10k?

It’s not.

You need to click on bond or look up bond number

Several reasons.

First, interest rates are quoted on an annual basis. You have to divide by 12 to estimate amount you’ll earn in a month.

Second, there’s a three month penalty if you sell Ibond within five years of purchase, so interest shown doesn’t include the penalty amount. They adjust after you’ve held five years. FYI, this is a weird quirk of Ibonds.

Third, Ibond interest is adjusted every six months based on inflation. If you bought in March 2022, you get six months at 9.62%, then six months at 6.89%, then six months at 4.3%.

Fourth, Ibond interest is compounded semiannually, so the bond’s value will only be updated twice a year.

Fifth, TreasuryDirect is a little weird. You have to click through a couple of screens to see current values.

More information: [https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/](https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/)

Either you never bought it, it’s just sitting in your settlement fund or your reading it wrong.

I just cashed out at 10.850 this week myself, it dropped to mid 3s so now buying TIPs and tbills

Om du letar efter en dejtingsajt i Sverige rekommenderas det att du uppmarksammar denna plattform.

Kom ihag att sakerhet alltid bor vara din prioritet nar du anvander dejtingsajter. Var noga med att kontrollera anvandarprofiler, var forsiktig nar du delar personlig information och traffa nya manniskor endast pa offentliga platser.

https://telegra.ph/Tr%C3%A4ffa-Singlar-N%C3%A4ra-Dig—Var-Inte-Blyg-Chatta-Fritt-04-03

Once upon a time, in the depths of the wood, There lived a young girl, so kind and so good.Her name was Little Red.https://t.me/rutor/13580

Once upon a time, in the depths of the wood, There lived a young girl, so kind and so good.Her name was Little Red.https://t.me/rutor/13580