Saturday, November 2, 2024

Treasury Department announces new Series I bond rate of 3.11% for the next six months

The US Department of Treasury in Washington, DC, on February 22, 2024. 

Mandel Ngan | AFP | Getty Images

The U.S. Department of the Treasury has introduced new Series I bond charges

Linked to inflation, newly bought I bonds pays 3.11% annual curiosity from November 1 via April 2025, which is down from the 4.28% yield supplied since May and the 5.27% yield rate supplied in November 2023.

The new rate features a variable portion of 1.90% and a hard and fast portion of 1.20%.  

After hitting a document excessive of 9.62% in May 2022, the I bond yield is down considerably. But the fixed-rate portion of the yield nonetheless appeals to some long-term traders, consultants say.

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