The U.S. Treasury Department set the annual rate on Series I bonds purchased from Nov. 1 through April 30 at 5.51%, up from 4.26% for those bought through Oct. 31. The rate combines a variable component of 4.08%, tied to inflation, with a fixed component of 1.40%, increased from 0.90% in April. The fixed rate is the highest since 2006, while the composite rate previously reached a record 9.62% in May 2022. Existing investors receive the new variable rate after six months, but retain the fixed rate established when they purchased their bonds.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
