I bonds had exploded in popularity in recent years as they are a very safe investment that have offered a strong guaranteed rate of return from the U.S. Treasury. Comparatively safe bank investments, meanwhile, were offering paltry interest rates until late 2022. That has changed, but there i...
On Wednesday, May 1, the U.S. Treasury Department announced that I bonds issued from May through October 2024 will earn an interest rate of 4.28%, down from the previous rate of 5.27%. Although the new rate is lower, its fixed component could still appeal to long-term inves...
Currently, the variable rate is 3.94% and the fixed rate is 1.30%, for a rounded combined yield of 5.27% on I bonds purchased between Nov. 1 and April 30. "The new fixed rate makes it a very good deal" for long-term investors, said Ken Tumin, founder and editor of DepositAccounts....
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Buying in October 2022.If you buy before the end of October, the fixed rate portion of I-Bonds will be 0%. You will be guaranteed a total interest rate of 0.00 + 9.62 =9.62% for the next 6 months. For the 6 months after that, the total rate will be 0.00 + 6.48 =6.48% for th...
Series I bonds give investors a return plus inflation protection on their purchasing power and are considered a low-risk investment. The bonds cannot be bought or sold in the secondary markets. Series I bonds earn a fixed interest rate for the life of the bond and a variable inflation rate ...
The new rate includes a fixed portion of 1.2 percent. The interest rate on these bonds increases as inflation rises, ensuring that your payout keeps pace with rising prices and that you don’t lose purchasing power over time. Of course, if inflation falls, then so does the rate on these...
I bonds, backed by the U.S. government, don’t lose value and earn monthly interest based on two parts, a fixed rate and a variable rate, changing every six months. While the variable rate is 9.62% through October 2022, the fixed rate remains at 0%,according to the Tre...
If you have existing I bonds, your actual rate may differ from the new issue rate of 4.28%. Butno matter when you bought your bond, you'll see a rate drop of about a percentage point between May 1 and Oct. 1, 2024.So it's smart to find out what your particular bond rate i...
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 thr