Is ibond rate going down? I thought it's 9% a few months ago, now it's 6.89%

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Is ibond rate going down? I thought it's 9% a few months ago, now it's 6.89%

<!-- SC_OFF --><div class="md"><p>I plan to buy some ibond, thought the rate is still ~9%. and I just check it's around 6.89%</p> <p><a href="https://www.treasurydirect.gov/savings-bonds/i-bonds/"><strong>Series I Savings Bonds</strong></a></p> <p>Is it still a good option to buy ibond nowadays?</p> <p>The other option is CD (like Ally bank), which offer 4.25% for 12 month cd.</p> <p>And in <a href="https://treasurydirect.gov">treasurydirect.gov</a>, if I choose Schedule single purchase for = 1/30, is it considered transaction of January? I thought it may be a few days for bank to transfer the money. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/duranJah"> /u/duranJah </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/10poebf/is_ibond_rate_going_down_i_thought_its_9_a_few/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/10poebf/is_ibond_rate_going_down_i_thought_its_9_a_few/">[comments]</a></span>