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Bonds bought on the 1st will earn 4.84% for the next 6 months. At that time they will readjust to whatever rate they set them to be. The only problem with buying them on the 1st or later is that come the anniversary date, if the inflation rate is 0%, the bonds will not earn anything because the fixed rate is 0%. So for at least 6 months, you'll get 4.84%. You have to hold the bonds for 12 months minimum. If the rate readjust to 0%, cash out after 12 months....
By Teresa
