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Find out how the I bonds current rate of 3.11% impacts returns for both new and current investors in today’s inflation environment. New I Bond Rate of 3.11% Announced: What It Means for Your ...
New rates for savings bonds are set each May 1 and Nov. 1. The rate for Series I Savings Bonds is a blend of the fixed rate, which applies for the 30-year life of the bond, and an inflation-driven ...
By contrast, the I bond fixed rate in November 2021 and May 2022 — when inflation was soaring — was 0%. That means those older bonds are now earning the current variable rate, period. The ...
Series I Savings Bond rates are set to change on May 1, 2024, when the new rates will be announced. To give some perspective, for Series I Bonds issued from November 2023 through April 2024, the ...
For bonds issued before May 2005, the interest rate was an adjustable rate recomputed every six months at 90% of the average five-year Treasury yield for the preceding six months. Bonds issued in May 2005 or later pay a fixed interest rate for the life of the bond.
The fixed rate is a key component of any I Bond, and Treasury can tinker with the fixed rates for newly issued I Bonds. I Bonds issued back in 2021 and most of 2022, for example, had a fixed rate ...
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