Re: I Bond at 7%???
The rates change each 6 months depending on the inflation rate. You must have bought it at the high point with the Katrina effect and oil effect on these i-bonds. You probably bought at a 1% base rate and then you add the inflation rate. The rate went down but the base rate went up to 1.4% for this current time frame. So the next 6 months will have another rate and more than likely higher depending on inflation. i-bonds are inflation protection. If inflation is low and your base rate is low then the total rate is low.
To know exactly what yur bonds are getting you can download bond wizzard at the bond site.
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