ST Alpha - "9.62% per other people who know this stuff. I was going to wait, but I just might max out for the year now. -- (link)" (Reading a Post)

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In response to "This is correct. You get six months at 7.12%, then six months at the next rate, which should be north of 9% if my calculations are right. -- (edited)" by znufrii

9.62% per other people who know this stuff. I was going to wait, but I just might max out for the year now. -- (link)

Posted by Baruno (aka BaronWasteland) Apr 12 '22, 10:05

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https://www.cnbc.com/2022/04/12/i-bonds-are-paying-7point12percent-rising-inflation-may-increase-yearly-rates-.html (www.cnbc.com)

Responses:

Thanks, was doing quick and dirty math based on monthly CPI, so figured I was undershooting it a little bit. -- nm - znufrii Apr 12, 10:56
So, what’s the catch? How long you gotta hold or whatever? -- nm - Will Hunting Apr 12, 10:19 3
- Yes. You're required to hold for at least 1 year. -- nm - Baruno Apr 12, 10:29 2
  - What’s the penalty otherwise? - Will Hunting Apr 12, 10:32 1
    - Not sure it's even possible. You're locked in for 1 year. Between 1 and 5 years, you sacrifice 3 mo of interest. - Baruno Apr 12, 10:44

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