What Is The Ibond Rate In 2024. The treasury department announced this week a new rate of 4.28 percent, a drop from 5.27 percent. Department of the treasury announced tuesday.
May 6, 2024 at 1:17 am edt. As of may 2024, i bonds are returning 4.28%, which is lower than the same period in 2023 but still well ahead of the inflation rate of 3.5%.
But Then Inflation Began To Wane, Pushing Down I Bond Rates.
I bonds issued from november 2023 through april 2024 have a guaranteed 5.27% yield.
Treasury Announced That The New Interest Rate For I Bonds Will Be 4.28% For New Bonds Issued From May 1 Through The End.
The us treasury will announce a new series i bond fixed rate on may 1 2024.
The Current Fixed Rate Is:
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As Of May 2024, I Bonds Are Returning 4.28%, Which Is Lower Than The Same Period In 2023 But Still Well Ahead Of The Inflation Rate Of 3.5%.
I bond purchases through the end of april carry a permanent fixed rate of 1.3% and a variable rate of 3.94%, resulting in an annualized composite rate of 5.27%.
How The Treasury Department Will Adjust The Fixed Rate, Which Is At 1.30%โIts Highest.
Purchases through april 30, 2024, will have a fixed rate of 1.3%, which means the return will exceed official u.s.
Based On The Most Recent Inflation Figures And How Rates Are Calculated, The New Rate For I Bonds Could Be 4.28%, According To Ken Tumin, A Senior Industry Analyst.