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New Ibonds have a 1.3% fixed rate. 3.94% variable. 5.27% Composite

Posted on 10/31/23 at 2:21 pm
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
36776 posts
Posted on 10/31/23 at 2:21 pm
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
20032 posts
Posted on 11/1/23 at 12:07 am to
So, I guess inflation in not going down?

The current administration states otherwise.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 11/1/23 at 8:38 am to
The fixed rate is huge. That’s for the life of the bond and has been at 0% for years until recently.
Posted by Open Your Eyes
Member since Nov 2012
10376 posts
Posted on 11/1/23 at 8:40 pm to
quote:

The fixed rate is huge. That’s for the life of the bond and has been at 0% for years until recently.

Seems like if you currently have I-bonds and want to keep them going forward, best play would be to sell current with whatever old 0% rate and buy new ones to lock in 1.3%, right?
Posted by TigerToGeaux
TX
Member since Nov 2022
167 posts
Posted on 11/1/23 at 8:44 pm to
I think I will finally get into some Ibonds seeing this….
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 11/1/23 at 9:52 pm to
I would just buy more at the current rate. Could go up more from here.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 11/1/23 at 10:23 pm to
quote:

Seems like if you currently have I-bonds and want to keep them going forward, best play would be to sell current with whatever old 0% rate and buy new ones to lock in 1.3%, right?



It could be reasonable. Assuming you bought it in the last 1-5 years, breakeven would be about a year off the top of my head.
Posted by hob
Member since Dec 2017
2344 posts
Posted on 11/3/23 at 7:33 am to
quote:

Seems like if you currently have I-bonds and want to keep them going forward, best play would be to sell current with whatever old 0% rate and buy new ones to lock in 1.3%, right?


If I redeem and then repurchase does that count towards the $10k per year limit?
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