Greetings, Chris, and welcome. You asked:<<the current 7.49% interest rate is an annual yield, no?>>Yes.<<Cashing out at six months would yield three months worth of interest, correct?>>Yes.<<how often is the interest compounded?>>The interest accrues monthly and compounds semiannually, except in periods of deflation when bond value remains unchanged.<<I'm just curious because I am wondering whether it would be worth my time to make a 0% APR purchase on my new credit card to get an I-bond that I could cash out before any finance charges accrued...>>You could do the same thing by using a 6-month CD that wouldn't give you a 3-month interest penalty like that found in the I Bond.Regards..Pixy
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