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...
On Friday, April 28, the U.S. Treasury Department surprised many by announcing that I bonds issued from May 2023 through October 2023 will earn an interest rate of 4.3%, compared to the previous rate of 6.89%. This announcement came three days earlier than expected, as the for...
I bond interest rates are a combination of a fixed rate (which you get for the life of the bond) and a variable rate that changes every 6 months. Fixed and variable rates are announced every 6 months (on May 1 and November 1). The current I bond rate for bonds issues between Novembe...
The latest annualized inflation-adjusted rate of 2.96% was determined based on the increase in the CPI-U from 307.789 in September 2023 to 312.332 in March 2024, reflecting a six-month change of 1.48%. The Treasury’s formula for calculating an I bond’s overall composite rate ...
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...
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...
interest rate that is fixed for the life of the bond and an inflation rate that is adjusted each May and November based on changes in the non-seasonally adjusted consumer price index for all urban consumers (CPI-U).2I bonds are issued at a fixed interest rate for up to 30 years, plus...
I bonds are offering a composite rate of 3.11% until April 30, 2025 [2]. If rates stay the same, you could earn almost $313 in interest in one year (see how we got this number below). As its name suggests, inflation heavily impacts an I bond. As inflation changes, the inflation ...
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 Source:U.S. TreasuryDirect ...
For the first six months that you own the I bond, you’ll get the prevailing interest rate at that time. For example, any I bond issued between November 2024 and May 2025 earns interest at 3.11 percent annually. That means even if you purchase the bond in April, you’ll still earn th...