The new I bond inflation rate is now known after the latest CPI data came out April 12. The new rate is actually better than expected. See the new rate and the latest CPI data.
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The new I bond inflation rate has been released, and it’s better than expected. This is excellent news for investors who are looking for a safe and reliable way to invest their money and stay ahead of inflation.
The new inflation rate for I bonds is set at 1.38%. This is higher than the previous rate of 1.06% and higher than many experts had predicted. The new rate is also higher than the current rate of inflation, which is around 1.3%. This means that investors who choose to invest in I bonds will be able to stay ahead of inflation and see a real return on their investment.
I bonds are a unique type of investment that offer a combination of safety and reliability. They are issued by the US Treasury and are backed by the full faith and credit of the United States government. This means that investors can be confident that their money is safe and secure. The interest rates on I bonds are also adjusted for inflation, which means that investors can be sure that their investment will keep pace with rising prices.
One of the best things about I bonds is that they are accessible to everyone. They can be purchased through the TreasuryDirect website, and investors can buy them in denominations as low as $25. This makes them an excellent option for people who are just starting to invest or who want to invest small amounts of money.
Another advantage of I bonds is that they are exempt from state and local taxes. This can make them an attractive option for investors who want to minimize their tax liabilities.
Overall, the new I bond inflation rate is great news for investors. With a rate of 1.38%, investors can be sure that they will be able to see a real return on their investment and stay ahead of inflation. If you’re looking for a safe and reliable way to invest your money, I bonds are definitely worth considering.
Also, it's probably best to hold on to your new 4.3% i-bond rate for the next 6 months starting in May. Wait another three months, then sell it this way you're only losing three months of interest which will probably be around 3+% or so. Then you jump into a 12-18 month CD probably around 5 % right around the time they start lowering rates
Cit bank is the way to go. Had them over a decade. Currently 4.75% savings rate on 5k minimum and 5% 6- month cd rate
Truliant has an 8 month cd paying 4.75% right now. Not terrible.
Time to cash out my I-Bonds. Been nice.
I am getting 4.88% from Navy Federal Credit Union on my Cert of Dep.
So if you already own the eye bonds you need to look what The fixed rate was at the time of purchase correct.
Wow, that’s terrible. So we’re earning 44% less than 12 month CD’s now when you include the 3 month penalty. ($291.75 vs $515 on a $10k investment)
Excellently presented analysis and explanation for the average citizen.
I have been invested in I-Bonds for about 25 years. When I started the limit was $30K a Year. I am enjoying the benefits now. OMG… Keep Buying them every year, and watch them Grow and Compound.
I must be missing something in my understanding. I bought my first I Bond in October of '22 when the rate was 9.62%. I was under the impression that I would earn that percentage for 6 months and after that, the rate would drop to the 6.89% rate which changed November 1st of 2022. I purchased a $10k I Bond. When I look at the value of that bond today, it shows $10,236. Shouldn't it be $10,481.00, which would be 6 months interest @ 9.62%? Secondly, now that six months has passed, what will be my interest rate? Will it be the 6.89% or the new 3.39%? Honestly, I wish I'd never bought the bond. I should have put the money in a CD or in a good ETF.
I'm leaning toward ALLY's 18 month CD paying 5%. I'm not 100 percent sure about my decision but it seems like if the Fed starts cutting later this year or early next year, locking in 5% for that long might end up being a good deal. T bills paying that much only go out 6 months and I don't know if I want to bet they'll be that high when that 6 months is up. My state income rate is low enough that it's not a difference maker. I'm still undecided.
Great info. Thanks for the update!
So with T bills paying more than 4% right now, is the gild off the rose for I Bonds?
Thank you! Very helpful One thing that is still confusing. It seems that for my EXISTING I-bonds, the new variable rate does not apply for 6 months from May 1 date.