(Update 10/31/24: Confirmed 3.11% rate with 1.20% fixed and the rest variable; this is for November 2024 through April 2025.) We’ve been reporting on the twice-per-year I Bond rate releases. The new rate for November 2024 through April... Read More →
Many are reporting (1, 2, 3) on an email being sent out from US Treasury Direct encouraging people to send of their undelivered gift I Bonds now and not to wait. The treasury has confirmed the email is legit. Background We wrote about... Read More →
When someone overpaid their taxes, the IRS gives them an option to apply the over payment for the next year, to get an electronic bank deposit refund, or to get a refund in the form of paper I Bonds. The I Bond refund option is going... Read More →
(Update 5/2/24: Rate ends up being 4.28% total: 2.98% variable and 1.30% fixed. This is roughly the numbers discussed in the post, below, which was written before we had the final numbers.) We’ve been reporting on the twice-per-year I... Read More →
Your Form 1099-INT for interest earned from I Bonds must be downloaded directly on the Treasury Direct website and is not sent in the mail. The process also works differently than all other bank-issued 1099 forms out there. We mentioned... Read More →
We covered extensively the saga of excellent returns on I Bonds during 2021 and 2022. The most recent rate is 3.40%, which is lower than most high-yield savings accounts are offering. Many of us are contemplating when to pull out our... Read More →
Originally posted on 10/13/23 when the initial estimates came out. I’ve updated the post below and reposted on 10/31/23 now that the official numbers have come out on the TreasuryDirect website. We’ve been reporting on the... Read More →
Treasury Direct will be removing the virtual on-screen keyboard for password login purposes, beginning May 7th. Lots of people got very annoyed by this, good to see the change coming. Readers also note that password managers are now... Read More →
The new I Bonds rate for May – October has been announced as 4.30%. That includes two parts. 1) 3.40% variable rate – that will be the rate for six months. 2) .90% fixed rate – that will be for up to 30 years, added on... Read More →
U.S. Treasury Direct made it easier to add and change bank accounts as a funding source for your account. Previously they required a paper form with bank notary in order to change your bank. Now, you can easily change banks or even save... Read More →
Update 12/13/22: Reminder – the last chance to buy I Bonds toward your 2022 $10,000 allotment will be on Thursday December 29th. After that, we can begin buying our $10,000 allotment for 2023. (Tangentially, lots of people are... Read More →
(Update 11/1/22: Treasury Direct announced a new annual fixed rate of 2.10% for Series EE bonds, valid November 2022 through April 2023. Right now interest rates are high and you can buy a 20-year treasury note with an interest rate of... Read More →
(Update 11/1/22: The actual I Bonds rate for November 2022 through April 2023 is 6.89%. We discuss this further in this dedicated post. What follows below is our write-up from October 2022 before the rate was officially announced.)... Read More →
Update 10/25/22: The new rate for November will be 6.48%. You can still buy before the end of October to lock in 6 months at the 9.62% rate. We discussed the new 6.48% rate more in this dedicated post. Update 4/29/22: I Bonds purchased... Read More →
(10/25/22: See updated version of this post for November 2022 6.48% rate in this post.) We wrote about the upcoming increase in I Bonds rate for May – October to earn 9.62%. The reason is that U.S. Treasury I Bonds interest rate... Read More →
