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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. has a link that explains this in more detail.
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