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Earn a fixed rate of interest. Current Rate: 2.70%. For EE bonds issued May 1, 2024 to October 31, 2024. Electronic only – keep them safe in your TreasuryDirect account. Buy for any amount from $25 up to $10,000. Maximum purchase each calendar year: $10,000. Can cash in after 1 year.
I bonds interest rates. The interest rate on a Series I savings bond changes every 6 months, based on inflation. The rate can go up. The rate can go down. I bonds earn interest until the first of these events: You cash in the bond or the bond reaches 30 years old.
How does an I bond earn interest? I savings bonds earn interest monthly. Interest is compounded semiannually, meaning that every 6 months we apply the bond’s interest rate to a new principal value. The new principal is the sum of the prior principal and the interest earned in the previous 6 months.
Current EE and I series savings bonds. The U.S. Department of the Treasury currently sells two types of savings bonds, the EE and I series. Both series have different interest rates, which are either fixed or change with inflation.
The actual rate of interest for an I bond is a combination of the fixed rate and the inflation rate. The combined rate can, and usually does, change every 6 months. I bonds protect you from inflation because when inflation increases, the combined rate increases.
November 1, 2022. Effective today, Series EE savings bonds issued November 2022 through April 2023 will earn an annual fixed rate of 2.10% and Series I savings bonds will earn a composite rate of 6.89%, a portion of which is indexed to inflation every six months.
Series I bond is an interest-bearing U.S. government savings bond that earns a combined fixed interest and variable inflation rate (adjusted semiannually).
The U.S. Treasury announced today that I bonds purchased between May and October this year will earn 4.28% for their first six months. If you already own I bonds, however, your next six-month...
The current composite I bond rate is 4.28%. This includes a 1.30% fixed rate and a 1.48% inflation rate. The current rate applies for six months to bonds purchased between May 1, 2024, and Oct....
I bonds are a type of U.S. bond whose interest rate adjusts every six months to protect its purchasing power from inflation. They are currently paying interest rates of 4.28%.