I was just thinking about this when I heard today that Social Security recipients will be getting the largest COLA since the 80s, at least. So I assume the rates for these I-Bonds will increase similarly.
I just went on Treasury Direct – looks like they reprice November 1.
I really can’t see them exceeding the current 9.62%. SSI COLA was 8.7%.
I presently have $40K in these bonds (between the wife and me). Maturity is in December and January, and I’ll be buying another $20K in January if the rate holds.
I thought an individual could only buy $10k a year, and you bought at the start of this thread, and in fact commented on that limit. How do two people end up with $40k in a year? Thanks.
I know it looks that way, but we bought two in December and then two more in January, so it was technically $10K each in two different years. That’s why I now have to wait until Jan 2023 to buy any more.
Aha! Calendar years. Got it. Thanks!
The CPI part of the rate equation is predicted to bring down the effective interest rate on Nov 1. But if you purchase an I Bond before the end of this month it will earn the current rate for six months before it reverts to the new rate.
Still a great rate but interest is earned monthly and compounded semi annually.
If you and your spouse have formed a trust, can the trust buy one of these bonds too? So that theoretically, you can buy $10,000 worth, your spouse can buy $10,000 worth, and the trust can buy $10,000 worth. Right?
The next rate is estimated to be 6.47%
Yeah, that’s about what I would have expected. Despite easily panicked press, inflation has been coming down steadily if erratically.
Still worth it to me.
We’ll be buying another $20K once the new year comes.
I’ll take 6.5%. I’ll get another one in January too.
You can also buy them in your children’s names if they have SSNs. So a couple with four kids could buy $60K/year, if they had the means.
Some of my older ones, purchased when I was still working in the late 00s, are earning north of 11%. I’m going to hang onto those as long as I can.
I’ve never bought bonds but I was given one as a prize in contest while I was in the Army…It was just $25 face value, and that was in 1976. I’ve kept it as a souvenir. Could it still be cashed?
It should be. What type is it?
Wait, I thought bonds you hold reprice every six months?
Still better than double what you’re going to get out of any CD and triple any savings account.
I’m in.
As far as I know, most savings bonds stop accruing interest 30 years
after purchase. And if you don’t report the interest to the IRS in the
year they mature, they may assess a penalty. 
Although for a $25 bond, I doubt the tax would be very much.
[Penalty for a Savings Bond Past Final Maturity | Budgeting Money - The Nest]
I will have to go to my safe deposit box to see, as I don’t remember offhand. I think it may have an E on it, but don’t quote me.