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...
You receive the I bond variable rate for 6 months from the date of issue. Rates are compounded semiannually. For example, an I bond purchased in January of 2025 would get the 1.90% APR variable rate until July of 2025, at which point the variable rate would switch to the May, 2025 va...
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...
An investor is generally better off purchasing an I bond in April or October if the composite rate in effect is higher than the expected composite rate for new bonds purchased in November or May. The calculation can be tricky, however, if interest rates are rising rapidly because I bonds cou...
The I bond is a wonderful place for people to put the money they don’t need right now. Christopher Flis founder of Resilient Asset Management The fixed rate stays the same for the 30-year life of the bond, meaning someone who purchased I bonds with a higher fixed rate ...
Series I savings bonds, or I bonds, purchased through October 2024, will earn 4.28%,TreasuryDirect® announced May 1, 2024. This rate includes an inflation component of 2.96% annualized and a fixed rate of 1.30%, with the latter remaining constant throughout the bond’s life. In comparison...
6 Although you will be on the hook for federal taxes, you generally can defer these payments until you redeem the bond or it reaches maturity or until a taxable disposition, whichever is first to occur.7 You may also be able to avoid paying federal taxes on your interest income from I ...
Any bonds that you buy for yourself or that are purchased for you count toward the limit. There’s an exception to this rule in the case of a bond that has been transferred to you due to the death of the bond’s original owner. In this case, the amount doesn’t count against the ...
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...
Have an Older I Bond? If you hold I bonds purchased earlier than November 2021, you can find your current and upcoming interest rates in theU.S. Treasury's I Bond Rate Chart. Then, use the table below to determine which month the newest rate will take effect for your particular bo...