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 ...
Starting in May 2023, Series I bonds will earna minimum interest rateof 3.38% according tonewly released U.S. inflation data. While this is good compared tohistorical bond performances, some investors may find it underwhelming compared to more recent ...
2024 to May, 2025 period.The new I bond rate has been set at a composite 3.11% (down from 4.28% APR in the prior 6-month period). Due to a declining inflation rate, this current rate has dipped below the rate at the time I wrote my initialI bond overviewa few years ago when...
The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest from Nov. 1 through April 2024, up from the4.3% annual rateoffered since May. Tied to inflation, investors can claim 5.27% for six months — the fourth-highest I bond rate since 1998 — by purc...
May 2022 rate confirmed at 9.62%.Official press release. The variable inflation-indexed rate for I bonds bought from May 1, 2022 through October 31, 2022 will indeed be 9.62% as predicted. Every single I bond will earn this rate eventually for 6 months, depending on the initial purchase mo...
I Bond Category Archives:I Bond U.S. inflation rose 0.4% in December, higher than expected Posted onJanuary 15, 2025byTipswatch By David Enna, Tipswatch.com The December inflation report issued this morning by the Bureau of Labor Statistics can be viewed only one way: U.S. inflation is ...
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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 fast-forward to today, and inflation has cooled significantly, tamed by theFederal Reserve'saggressive 2022–2023 rate-hike campaign. As a result, virtually everyone who bought an I bond in the last 17 years—since May 2007—is currently earning a much lower rate. Current...
In addition to the fixed interest rate, the variable rate is announced twice a year in May and November and is determined by changes to the Consumer Price Index (CPI), which is used to gauge inflation in the U.S. economy. The change in the inflation rate is applied to the bond every...