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|Subject: Re: Hope you bought your I-Bonds in October||Date: 11/1/2001 4:43 PM|
|Author: foobar73||Number: 2329 of 35351|
There is something wrong somewhere. I went to that site this morning and saw the same chart you posted, but with the number 5.92%. Since the new interest rate was not posted until today, I'm sure that had to be accurate at the time.
I just emptied my browser's cache and reloaded the page, and I see the number you're quoting. I do not know what it means. Perhaps somebody has an answer, or perhaps somebody might wish to inquire to somebody at Treasury and post a reply here.
I'd had some false misconceptions regarding I-bonds myself, until "Whomever" pointed out the facts on the Online Banking board.
The rates on I-bonds change every six months, starting from six months from the date of issue. The 5.42% in the table mentioned takes effect at that time. Up until this point, you will still receive the original 5.92%, if the bond was issued in October.
http://boards.fool.com/Message.asp?mid=16030138 has a link that explains this in more detail.
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