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Series I savings bonds, or I bonds, are issued by the Treasury Department and offer a way for people to save money that is protected from inflation. This helps protect the purchasing power of your...
The rate on the popular inflation-protected I bonds — one of the safest investments you can buy — slipped to 6.89% through April 2023 from 9.62%, according to the Treasury Department.
Find out how the I bonds current rate of 3.11% impacts returns for both new and current investors in today’s inflation environment.
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.
The I bond rate is made up of the fixed rate, which applies for the 30-year-life of the bond, and a semiannual inflation rate calculated from a formula based on the six-month change in the non ...
The fixed interest rate is determined when you buy the bond and remains the same throughout the life of this investment. The rate is set by the Treasury and is set up to provide a base level of ...
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