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These bonds became all the rage two years ago amid soaring inflation, which pumped up the annualized rate to 7.12% in November 2021 and a record 9.62% in May 2022. The annual rate has since fallen ...
I bonds purchased in October 2022, for instance, would have earned 9.62% for six months and then 6.48% for six months. That’s an average one-year return of about 8.05%.
“Series I savings bonds you buy between now and the end of April 2022 will earn interest for the first six months at an annual rate of 7.12%,” according to the Treasury Department’s FAQ ...
Series I Savings Bond rates are set to change on May 1, 2024, when the new rates will be announced. ... In May 2022, when inflation was high, I Bonds paid up to 9.62%. But as inflation cooled, the ...
United States Savings Bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs. They are considered one of the safest investments because they are backed by the full faith and credit of the United States government. [1] The savings bonds are nonmarketable treasury ...
I Bonds issued in 2021 and 2022, for example, have a 0% fixed rate. I Bonds with a 0% fixed rate would see an estimated 3.94% rate for six months, reflecting recent inflation.