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I Bonds issued back in 2021 and most of 2022, for example, had a fixed rate of 0%. By contrast, I Bonds issued from May 2000 through October 2000 have a fixed rate of 3.6% that remains the same ...
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%.
The annualized yield for new I bond purchases made through April is 5.27%. ... If you purchased I bonds in October 2022, for instance, you would have earned 9.62% for six months and then 6.48% for ...
“The new 0.9% fixed rate gives I bonds a boost for those looking to hold them for the long run.” ... But the fixed rate on the November 2021 and May 2022 — when rates were 7.12% and 9.62%, ...
The annual interest rate for I Bonds was 9.62% in April 2022, the highest inflation rate since this type of bond was introduced in 1998. [51] People opened 1.85 million new savings bond accounts between November 2021 and the end of June 2022. [17] In May 2022, the TreasuryDirect website crashed at least once related to increased demand. [18]
For example, if you buy an I bond on July 1, 2022, the 9.62% would be applied through December 31, 2022. Interest is compounded semi-annually. The rate also applies to older I bonds that are still ...
You need to fill out IRS Form 8888 to specify how much of your refund should go towards purchasing I bonds and how much should go directly to your bank account. ... As of Feb. 24, 2023, the ...
The rate on the popular inflation-protected I bonds slipped to 6.89% through April 2023 from 9.62%. ... but a key component of the new rate is materially better. ... From March 2022 to September ...