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U.S. Series I bonds to pay 5.51% annual rate through April 2027

FinanceInternationalCNBC35 s readAI summary
Image: CNBC

The U.S. Department of the Treasury announced new rates for Series I bonds: newly purchased bonds will pay 5.51% annual interest from Nov. 1 through April 30, up from the 4.26% offered on purchases made through Oct. 31. The rate combines a 4.08% variable portion tied to inflation and a 1.40% fixed portion, the highest since 2006. The I bond hit a record 9.62% in May 2022.

In 35 seconds

  • New I bonds will pay 5.51% annual interest from Nov. 1 through April 30, up from 4.26%.
  • The rate includes a 4.08% variable inflation component and a 1.40% fixed portion, the highest since 2006.
  • The I bond reached a record high of 9.62% in May 2022, during the post-pandemic inflation peak.
Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

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