Page 1 of 1
Bought my ibond allocation
Posted: Fri Apr 12, 2024 1:38 am
by ppnewbie
I was thinking the fixed rate was going to stay at 1.3% but I bought them the day before the hot CPI number came in. Lets see what the fixed rate gets set on May 1.
Re: Bought my ibond allocation
Posted: Tue Apr 16, 2024 9:25 am
by welderwannabe
If you follow tipswatch, they seem to think the fixed rate will be unchanged, or close to it. With the inflation component going down, you may have made the right call buying before may.
https://tipswatch.com/2024/04/14/i-bond ... ot-at-all/
Re: Bought my ibond allocation
Posted: Tue Apr 16, 2024 10:06 am
by ppnewbie
Great minds think alike! That was the main reason I went ahead and purchased them (the day before a higher than expected CPI number!). Lets see what happens in May.
Re: Bought my ibond allocation
Posted: Tue Apr 16, 2024 10:54 am
by yankees60
I submitted my tax return on Sunday with a $5,000 purchase for iBonds. So far it's only worked half the times. 2 times they have been bought. The other two times they've refunded my $5,000.
Re: Bought my ibond allocation
Posted: Wed May 01, 2024 12:53 pm
by Dieter
And the final I-Bond 1 May 2024 tally:
* 1.3% Fixed rate (unchanged)
* 4.28% composite rate
Re: Bought my ibond allocation
Posted: Wed May 01, 2024 6:39 pm
by yankees60
yankees60 wrote: ↑Tue Apr 16, 2024 10:54 am
I submitted my tax return on Sunday with a $5,000 purchase for iBonds. So far it's only worked half the times. 2 times they have been bought. The other two times they've refunded my $5,000.
With this year's return I tried a new tactic.
In addition to having $5,000 of my refund being allocated to buying iBonds and another amount being allocated to 2024 taxes, I had $10 to be refunded to me. Shortly after I submitted the return I received the $10 refund in my account. Since it was not $5,010, I am taking that as a good sign that this time around $5,000 in iBonds were purchased, which I will someday receive in the mail.
Re: Bought my ibond allocation
Posted: Sun May 05, 2024 8:57 am
by yankees60
A few days ago I did receive my $5,000 in iBonds purchased from my tax return e-filed on April 14, 2024.
This time it was only one $5,000 bond. In the past there have been several to many bonds in different denominations to compose the $5,000.
It was dated April 29, 2024. That means I got it under the more favorable conditions than buying it today?
Re: Bought my ibond allocation
Posted: Mon May 06, 2024 12:52 pm
by Dieter
yankees60 wrote: ↑Sun May 05, 2024 8:57 am
A few days ago I did receive my $5,000 in iBonds purchased from my tax return e-filed on April 14, 2024.
This time it was only one $5,000 bond. In the past there have been several to many bonds in different denominations to compose the $5,000.
It was dated April 29, 2024. That means I got it under the more favorable conditions than buying it today?
Hopefully! (Can't see why not)