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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.
Savings bonds are safe and easy to buy, but you can earn higher interest income elsewhere. ... These bonds may pay a variable rate if issued from May 1997 to April 2005, or a fixed rate if issued ...
As another Fed rate cut looms this month — a third for 2024 — among the safest ways to prepare for lower interest rates is by moving your money to a high-yield savings account. Digital banks ...
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 ...
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 ...
New rates for savings bonds are set each May 1 and Nov. 1. The upswing in inflation in since the COVID-19 pandemic has put a spotlight on I Bonds and upcoming shifts in interest rates.