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Go to the website. Click on "I Savings Bonds Rates & Terms". It says that whatever the fixed rate is during the six month period that bonds are purchased will remain the same for the life of the bond. With that in mind, I would think that one would only be interested in purchasing bonds before May 1st is if they are expecting the rate to go down beginning May 1st. How does Clark know? Also, there is a complete explanation of how the interest rates are calculated on that page.
By Ron