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longshanksasaurs t1_j6ooi44 wrote

Each purchase is its own bond. You can purchase up to $10k per year person.

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Jig_2000 OP t1_j6oozjt wrote

So if I buy a bond for $25, I can't put more money into it. Got it.

Also since the rate of return moves with inflation, if the rate is 6.89% now and then the rate changes to 9% (hypothetically speaking) in May. My bond would receive an interest rate of 9% correct? Just want to make sure I understand how they work.

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Mashtatoes t1_j6oq67d wrote

It’ll stay for six months at the current rate, then the rate will change to the updated rate for six months.

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Rave-Unicorn-Votive t1_j6oq9no wrote

If you buy today, you'll get the current rate for 6 months and then the next rate for 6 months.

The chance of the rate going up in May is infinitesimally small. Like, even rounded up it would be written as 0.00% small.

And there are no real returns with I bonds, they literally preserve buying power. You save enough to buy a Happy Meal today and you'll have enough to buy a Happy Meal in 20 years.

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GAULEM t1_j6otimy wrote

> And there are no real returns with I bonds, they literally preserve buying power. You save enough to buy a Happy Meal today and you'll have enough to buy a Happy Meal in 20 years.

Not entirely true. Series I Savings Bonds purchased during the current six-month period have a fixed rate of 0.4%, so in 20 years you'd have enough to buy about 1.08 happy meals.

Admittedly, it might be a challenge to find a place that sells fractional happy meals.

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Rave-Unicorn-Votive t1_j6ou48h wrote

> find a place that sells fractional happy meals.

The three fries must go somewhere, right?

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1hotjava t1_j6op2nv wrote

No, you buy one bond of X dollar value. If you want to add some you buy another bond.

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