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Interest terms: 4.28 % composite rate for bonds purchased between May and October 2024, with the fixed component set at 1.30% Holding period: Up to 30 years; no penalty for cashing bonds after 5 years
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 value of a paper savings bond can be checked by using the savings bond calculator on the TreasuryDirect website and entering this information found on bond: Issue date. Bond series ...
In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. [23] As of January 1, 2012, financial institutions no longer sell paper savings bonds. [24] Savings bonds are currently offered in two forms, Series EE and Series I bonds.
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 ...
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]
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