I’m still learning… I bought 10K of ibonds 9-1-22 when the rate was 9.62%. Today , 8 1/2 months later, when I log in, it’s worth $10,400 and the “interest rate” says 6.48%. How did they calculate the $400 interest earned and why does it say 6.48% and not 9.62%.
Also, how long do I keep earning 9.62%, for as long as I keep the money in there?
Thanks in advance