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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.
The interest rate on I Bonds can change every six months after your initial purchase of the bond, based on inflation. ... The fixed rate is 1.3% for I Bonds issued from November 2023 through April.
Find out how the I bonds current rate of 3.11% impacts returns for both new and current investors in today’s inflation environment.
Daily inflation-indexed bonds pay a periodic coupon that is equal to the product of the principal and the nominal coupon rate. For some bonds, such as in the case of TIPS, the underlying principal of the bond changes, which results in a higher interest payment when multiplied by the same rate. For example, if the annual coupon of the bond were ...
November 10, 2023 at 10:11 AM. New I bond purchases just got better in two crucial ways this month. First, ... Second, these I bonds include a fixed rate of 1.30%, up from 0.9% for the past six ...
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 ...