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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 ...
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 ...
The yield on I bonds is lower for new purchases starting this month, but its higher, fixed rate is a welcome development for savers. ... But the fixed rate on the November 2021 and May 2022 ...
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]
Like Series EE bonds, interest accrues monthly and is compounded to the principal semiannually. The highest the fixed rate has ever been is 3.60%, set on May 1, 2000, for bonds issued for the following six months. The highest inflation rate was 4.81%, set on May 1, 2022, for the six-month period that followed. [16]
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 ...