The latest inflation-adjusted rate of 3.38% annualized was determined based on the increase in the CPI-U from 296.808 in September 2022 to 301.836 in March 2023, resulting in a six-month change of 1.69%. The Treasury’s formula to calculate an I bond’s overall composite rate ...
How to calculate I bond rates The Treasury adjusts I bond rates every May and November, and there aretwo partsto I bond yields: a variable and fixed portion. The variable rate moves every six months based oninflation, and the Treasury canchange the fixed rateevery six months, but that do...
November 2022 rates officially announced.May 2022 rate confirmed at 9.62%.11/1/2022 press release. The variable inflation-indexed rate for I bonds bought from November 2022 through April 2023 will indeed be 6.48% as predicted. Every single I bond will also earn this rate eventually for 6 mont...
The interest on I bonds is a combination of a fixed rate—guaranteed for as long as you own the bond—and the inflation rate, which changes every six months. The fixed-rate component was bumped up to 1.3% in the November 2023 reset. The six-month inflation component is 1.48%. But when...
A quick refresher on I bonds: These inflation-adjusted bonds pay a fixed rate throughout the life of a bond coupled with an inflation rate pegged to the consumer price index. The latter adjusts each November and May. Whenever you buy, you’ll lock in the current rate for six...
Starting in May 2023, Series I bonds will earn a minimum interest rate of 3.38% according to newly released U.S. inflation data. While this is good compared to historical bond performances, some investors may find it underwhelming compared to more ...
In this case, investors would have been better off waiting to purchase the new I bond in November 2023 to take advantage of the higher fixed rate. Historical Composite I Bonds Interest Rates for Newly Issued I Bonds FROMTHROUGHCOMPOSITE RATE ...
A Series I bond is a bond issued by the U.S. federal government that earns interest in two ways: a fixed rate and a variable rate that is adjusted twice a year based on the inflation rate. As inflation rises or falls, that variable rate is changed to offset it, protecting the money...
But what has an even bigger impact this cycle is that anyone buying a new I bond between November 2023 and May 2024 will receive a fixed-rate component of 1.30%.2That is notably higher than the 0.00% fixed rate assigned to I bonds purchased last year, and explains why new I b...
The fixed-rate component of the Series I bond is determined by the Secretary of the Treasury and is announced every six months on the first business day in May and the first business day in November. That fixed rate is then applied to all Series I bonds issued during the next six months...