adabyron 6d
Things I wish I knew earlier.

When you buy them, you lock in the current rate for 6 months from the date you purchase & then you get the next rate for 6 months after that. So today you get 9.62% for 6 months, so you'll technically earn 4.81% interest on your money after 6 months from the date of purchase. You'll then get the next rate which is most likely 3% for 6 months (often quoted as 6% annually). This site does an amazing job tracking what the future rate will be -

They will announce the final next 6 months rate in October. You can buy then (around the 15th) if you want. If you buy after November 1, you won't get the current 4.81% (aka 9.62%). But as stated, the October rate is pretty well calculated. Only 1 more inflation report will adjust it slightly. See the Tipswatch site I linked to for info on how & when it's calculated.

Each person can buy $10,000. If you got a tax rebate you can buy up to $5,000 with that. If you have a company, the company can buy $10,000.

Must be a US Citizen.

Someone who works at the US Treasury thought it was a good idea to make you type a password with a "virtual keyboard" using your mouse. So you might want to create a script in your password manager to enter in the console like this:

var x = PASSWORD_AS_STRING; for(var i = 0; i < x.length; i++){ PasswordVK(x[i]) }

Side note, my 70yr old Mom thought this was an easy process. I felt like an idiot.

freediver 6d
The cap of $10,000 makes it not very interesting from an investment standpoint. And while the yield is great on paper, it merely lets you keep up with inflation in practice.

There are probably better ways to use $10,000 if that is all you have and you are interested in growing money - online courses come to mind.

icapybara 6d
Their website is awful and I’m afraid my money will be locked away with no recourse due to a technical error.
codegeek 6d
Yes. The limit is 10k per calendar year though in case anyone is wondering. Their website looks like it was built in 1995 and they make you type (edit: actual click on virtual buttons) the password (cannot copy/paste from password managers) because they have that "virtual keyboard" BS. But it did work ultimately.
avemg 6d
I tried but my account got flagged for extra validation. This requires me to take a form to a bank or brokerage so that someone there can verify my identity and then stamp the form with some special stamp.

Well I do my banking with online banks so I have no access to a brick and mortar branch nor do I really have the time or inclination to try to talk to somewhere there and get what they're asking for.

__s 6d
No, I'm Canadian
NotYourLawyer 6d
I’ve been buying the maximum for years. They’re uninteresting as an investment since all they do is keep up with inflation, so I certainly wouldn’t want to put much money into them even if I could. But it’s only $10k per year, and it seems fine as a small hedge position.
dragontamer 6d
> If you have not bought I bonds yet, why not?

With interest rates climbing, I do believe there's a chance of deflation risk, which would set the I-bonds to 0% in the next interest rate. That is to say, I-bonds are variable rate against inflation. US Treasury bonds are fixed rate. You get exactly the rate that's on the tin.

I think that I-bonds are more difficult to understand and calculate in light of this. Its easier and simpler in my opinion, to simply invest into 1M or 3M treasuries while waiting for the interest rates to climb up.


Its a hard balancing act for sure. I-Bonds (and their closely related TIPS brothers) are a play on inflation. Which means you need to understand one more thing in the market.

At least I-bonds are capped at 0% losses. TIPS may lose value in deflation

zjmil 6d
No because when I went to register, my account couldn’t be automatically authorized (probably because I had just moved). Instead for authorization they require that I fill out a form, have a certifying officer at a financial institution sign it, and mail it in. I couldn’t be bothered for only 10k.