By Lisa Gerstner From Kiplinger’s Personal Finance Since high inflation took hold in the United States, Series I savings bonds—which offer an inflation-linked interest rate—have enjoyed a moment in the sun. I bonds purchased from November 2022 through April 2023 offer a lofty composite yield of 6.89 percent. The Series EE savings bond is the…
The I Bond’s High Interest Rate Is About to Expire
The clock is running out on I bond’s record-high interest rate. As of Nov. 1, 2022, the current rate of 9.62 percent will drop. But you’ll need to purchase I bonds by Oct. 28 to take advantage of the current rate. Released by the Treasury Department and backed by the federal government, Series I Savings…
Ask Kip: Answers to Frequently Asked I Bond Questions
By Lisa Gerstner From Kiplinger’s Personal Finance Q: I see that U.S. Series I Savings Bonds are currently paying a rate of paying 9.62 percent. How is the interest rate determined? A: The composite rate has two parts: a fixed rate, which remains the same for the life of the bond, and an inflation rate,…
Little-Known Inflation Bonds Gain Huge Popularity As Inflation Worsens
Inflation-protected bonds issued by the Treasury Department have exploded in popularity in recent months as Americans seek safe investments after being battered by the stock and bond markets. I bonds, inflation-linked savings bonds, currently offer an annual interest rate of 9.62 percent. Investors can purchase these bonds at the current rate through October 2022 by…
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