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Find out how the I bonds current rate of 3.11% impacts returns for both new and current investors in today’s inflation environment.
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.
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 rate on the popular inflation-protected I bonds slipped to 6.89% through April 2023 from 9.62%.
By contrast, the I bond fixed rate in November 2021 and May 2022 — when inflation was soaring — was 0%. That means those older bonds are now earning the current variable rate, period. The ...