On 7/20/2001 I bought an I bond (dated 7/2001). What will be the earliest possible date to cash it, 1/1/2002 (six months from the 1st of the month when I bought it), or 1/21/2001 (six months from the purchase date)?


Hi,

I'd think the intent is that you can't cash it in for six months from the date of purchase. Is the only date anywhere 7/2001? I wonder if that might mean you need to wait till 2/2002.

The web site is not clear either:
http://www.publicdebt.treas.gov/sav/sbicash.htm
"You can cash your I Bond any time after six months and get your original investment plus earnings."

What is clear however:
"... I Bonds are meant to be longer term investments, so if you cash a bond within the first five years, you'll forfeit three months' worth of earnings."

Keith O'Malley
TMF KGOMalley

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