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Podcast: Retire Today
Episode: May – October 2022 I Bond Rate is 9.62%!
Description: When you buy a US Series I Savings Bond (I Bond) during May through October 2022 your initial 6-month rate will be 9.62%
Check out our resources below for more in-depth articles and research, but here’s what that 9.62% really means.
You have to hold the bond for at least 12 months
You’ll get 9.62% annualized, but only for 6 months
Your $100 I bond purchase would turn into $104.81 6 months later
You will not know your 6-month renewal rate until November 2022
Although keep coming back to our website, we’ll be tracking it every month and expect to get the inflation number...