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...
The new rate is down from7.12% in November 2021and a record9.72% in May 2022amid soaring inflation. The annual rate fell to6.89% in November 2022. You can buy I bonds online throughTreasuryDirect, with a $10,000 per calendar year limit for individuals. You can also purchase an extra $...
Individuals (Tax Return):can buy up to $5,000 per Social Security number in literal paper bondsthrough the IRSas a form of tax refund payment usingIRS Form 8888(joint filers can purchase for each of the 2 filers) when you submit your tax return. Update: this practice will end January 1...
Before you invest, it’s important to be aware of a few rules that come with investing in I bonds. The biggest red flag for short-term investors: You can’t redeem these bonds for a year after you purchase them, and you’ll owe a penalty equal to three months’ interest ...
Where to buy I bonds There are two ways to purchase I bonds. First, you can buy them in electronic form via the TreasuryDirect website.9 Alternatively, you can buy I bonds in paper form using the proceeds of your federal income tax refund. In this case, the minimum investment is $50...
Businesses, trusts, and estates are also eligible to purchase I bonds, with an annual limit of $10,000 per entity. How the 4.28% Rate was Adjusted for Inflation The latest 4.28% rate includes a combination of: a fixed rate of 1.30% that remains the same throughout the life of the bond...
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 April. The bonds cannot be cashed for the first 12 months that they’ve been owned. If you cash in the bond ...
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 th
the same logic applies to bonds purchased in the previous 6-month period, but with a slightly later sweet spot. That's because I bonds purchased between November 2021 and April 2022 are still earning 6.48% through Month 18, so it's better to wait until Month 21—when the rate h...
same for the life of the bond. This rate is determined at the time of purchase and is generally lower than the composite rate offered by I Bonds. However, EE Bonds come with a unique guarantee: if held for 20 years, they will double in value, effectively providing a 3.5% annual return...