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The interest rate of a Series HH bond was set at purchase and remained that rate for 10 years. After 10 years the rate could be adjusted, with interest paid at the new rate for the remaining 10 year life of the bond. [25] After 20 years, the bond would be redeemed for its original purchase price. Issuance of Series HH bonds ended August 31, 2004.
With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit ...
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 ...
The only two series issued today are Series EE and Series I bonds. These are 30-year bonds sold at full face value. This means the bonds pay interest for 30 years and a $50 bond costs $50 to purchase.
Gone are the days of series I savings bonds paying almost 7% in interest. The U.S. Treasury announced Friday that the inflation-protected bonds would start paying investors 4.3% on May 1, down ...
The annual interest rate for I Bonds was 9.62% in April 2022, the highest inflation rate since this type of bond was introduced in 1998. [51] People opened 1.85 million new savings bond accounts between November 2021 and the end of June 2022. [17] In May 2022, the TreasuryDirect website crashed at least once related to increased demand. [18]
To give you an idea of how I-bonds compare, the current I-bonds interest rate for the six-month period from November 2022 to April 2023 is 6.89% meaning if inflation stays as is or trends downward ...
The I bond’s fixed interest rate tends to be far below other Treasury assets. For example, in August 2023, a 30-year Treasury bond is paying 3.625% compared to the I bond’s 0.90% fixed rate.
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