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Yes, the rates are "set" May 1 and Nov 1, but your "inflation rate" is reset every 6 months, so if you bought it Apr 30, it will reset Oct 30 but to the rate that was established May 1. On the one year anniversary (Apr 30) you would be reset to the Nov 1 rate. I know this is hard to understand, especially when the "anniversary dates" of Apr 30 and Oct 30 are just a day or two before the reset dates. <br> <br> Don't be confused about the May 1/Nov 1 dates - that is just the "announcement date"
By Mark
