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Started By
Message
Any idea on ibonds new rate? Update 6.48%
Posted on 10/25/22 at 5:07 pm
Posted on 10/25/22 at 5:07 pm
Someone post really close number last rate change
This post was edited on 10/26/22 at 8:45 pm
2
Posted on 10/25/22 at 5:14 pm to thelawnwranglers
I think I saw 9.6% via TikTok Finance.
Edit. That is probably very wrong. Maybe 6-7%?
Edit. That is probably very wrong. Maybe 6-7%?
This post was edited on 10/25/22 at 5:38 pm
Posted on 10/25/22 at 5:27 pm to thelawnwranglers
Most are speculating the rate will change to 6.48% after October 28th.
Posted on 10/25/22 at 6:08 pm to hey benji
quote:
think I saw 9.6% via TikTok Finance.
9.62 currently so maybe where that came from
Posted on 10/25/22 at 6:09 pm to wiltznucs
quote:
will change to 6.48%
I don't think I will buy more in January at that rate
Posted on 10/25/22 at 8:05 pm to thelawnwranglers
quote:
I don't think I will buy more in January at that rate
The Treasury could add a fixed interest component making it higher. That seems unlikely. That being said; a guaranteed 6.5% is still quite good in recent historical terms.
I plan to wait to see what the 3 and 6 month Treasuries look like around that time. If the Fed hikes rates again as many expect them to; short term treasuries may be around 5%. Less return surely; but, it also doesn’t tie your money up for a year plus.
In the meantime; if rates do continue to rise the rational expectation is that it will ultimately suppress growth limiting stock price value increases.
So the argument then becomes… Do I take 6.5% for six months then whatever follows arguing that inflation isn’t going anywhere? Or do I gamble that the Fed is actually going to reel in inflation and a bull market is right around the corner.
I don’t have a crystal ball; your guess is as good as mine.
This post was edited on 10/25/22 at 8:11 pm
Posted on 10/25/22 at 9:23 pm to wiltznucs
quote:
also doesn’t tie your money up for a year plus.
Main reason for my pause - emergency fund not quite where I want it so want liquidity. Also seems like interest is paid a quarter late?
Also Treasury website and not being able to get my wife on giving me pause.
Wouldnt mind some with fixed rate but like you said that isn't happening.
Posted on 10/26/22 at 7:59 am to thelawnwranglers
quote:
Also seems like interest is paid a quarter late?
There’s a 3 month penalty for withdrawing from an I Bond before 5 years. So the interest shown reflects the current value if redeemed (including the penalty).
Posted on 10/26/22 at 11:47 am to thelawnwranglers
quote:
I don't think I will buy more in January at that rate
Buy it today as a gift and get the 9.62 for 6 months. Cash out in Jan of 2024.
Posted on 10/26/22 at 8:45 pm to wiltznucs
quote:
Most are speculating the rate will change to 6.48% after October 28th.
ibonds 6.48%
Looks like you are right
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