. That could mean some investors’ requests may not be processed in time to lock in the bond’s 9.62% rate by the October 28 deadline. TreasuryDirect.gov was alerting users to that possibility on Thursday, citing “unprecedented” volumes. “We cannot guarantee that your bond purchase will be completed before this deadline if your account or purchase requires additional customer support for issues such as identity verification.
” The historically high rate on the I Bond, which is determined by a formula based partly on changes to the Consumer Price Index, resets every six months. It is next scheduled to do so on November 1. It’s not surprising that demand for the inflation-protected savings bond soared in the past week, given that it’s virtually impossible to find any investment that offers a 9.62% return these days, let alone a “safe” one. There are restrictions on just how much you can invest in an I Bond, however.