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In response to "Doesn't the rate on ibonds purchased in previous years increase also? (Depending what month you purchased) -- nm" by zunk xometimes

Yes. The rate resets for existing bonds every six months, equal to a combination of the fixed rate when the bond was purchased and the adjustment based on inflation -- (edited)

If you bought Series I bonds in 1998-2000, you’d be earning upwards of 13% currently, for example.

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