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Author: questionthefool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35272  
Subject: Re: Hope you bought your I-Bonds in October Date: 11/1/2001 2:26 PM
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Thanks. That was my original understanding. But confused with the following table at http://www.savingsbonds.gov/sav/sbirate2.htm
For Issue dates of May 2001 - Oct 2001, the composite rate shows up as 5.42%. Isn't that confusing?

EARNINGS RATES THAT BONDS WILL BEGIN EARNING BETWEEN
NOV 2001 AND APR 2002


ISSUE
DATES EARNINGS
RATES*
NOV 2001 - APR 2002 4.40%
MAY 2001 - OCT 2001 5.42%
NOV 2000 - APR 2001 5.82%
MAY 2000 - OCT 2000 6.02%
NOV 1999 - APR 2000 5.82%
MAY 1999 - OCT 1999 5.72%
NOV 1998 - APR 1999 5.72%
SEP 1998 - OCT 1998 5.82%
*annual rates compounded semiannually

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