The headline rate may be different than what you receive, considering that the fixed rate remains set for the life of your bond. Someone who bought an I bond in September 2004, for example, has 1% for the fixed
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...
When it comes to I bond pros and cons, you should know that the interest rate readjusts every six months. The current 6.89% composite rate (consisting of a 0.4% fixed rate, plus the variable fixed rate of 6.49%) started on November 1. The next adjustment is May 1, 2023. So if infla...
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 ...
What is the Newest Current I Bond Rate (Fixed and Variable)? 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 Novembe...
that time. For example, any I bond issued between May and October 2025 earns interest at 3.98 percent annually. That means even if you purchase the bond in April, you’ll still earn that rate for a full six months. Then your bond will adjust to whatever new rate is announced in ...
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...
The U.S. Treasury announced this week that I bonds purchased between November 2023 and May 2024 will earn 5.27% for the first six months. If youalreadyown I bonds, however, your next six-month rate will be considerably lower, since every I bond's rate calculation is specific to ...
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 ...
Series I savings bonds, or I bonds, purchased through October 2025, will earn 3.98%, TreasuryDirect® announced April 30, 2025. This rate includes an inflation component of 2.88% annualized and a fixed rate of 1.10%, with the latter remaining constant throughout the bond’s life. In ...