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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 new rate applies to bonds issued between November 2023 and April 2024. New Series I bond rate rises to 5.27% – Is it a good time to buy? Skip to main content
Yield: U.S. savings bonds can have lower yields than other savings products. Series EE bonds issued from November through April 2025 earn a rate of 2.60 percent, while Series I bonds issued during ...
For example, in August 2023, a 30-year Treasury bond is paying 3.625% compared to the I bond’s 0.90% fixed rate. In a low-inflation environment, this will reduce the value of the I bond.
President Franklin D. Roosevelt buys the first Series E bond (May 1, 1941). On February 1, 1935, President Franklin D. Roosevelt signed legislation that allowed the U.S. Department of the Treasury to sell a new type of security, called the savings bond, to encourage saving during the Great Depression.
Series I bonds are often a popular investment when inflation rises. The bond gives savers the safety of a U.S. government-backed security mixed with inflation protection, resulting in a composite ...
The I bond fixed rate in November 2021 and May 2022 — when rates were soaring — had a 0% fixed rate. The fixed rate increased last November to 0.4% for those who purchased the bonds through April.
It’s a good time to sell those I bonds you bought when they became fashionable two years ago amid blisteringly hot inflation, which pumped up the annualized rate to 7.12% in November 2021 and a ...