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For bonds issued before May 2005, the interest rate was an adjustable rate recomputed every six months at 90% of the average five-year Treasury yield for the preceding six months. Bonds issued in May 2005 or later pay a fixed interest rate for the life of the bond.
Series I Savings Bond rates are set to change on May 1, 2024, when the new rates will be announced. To give some perspective, for Series I Bonds issued from November 2023 through April 2024, the ...
Gone are the days of series I savings bonds paying almost 7% in interest. The U.S. Treasury announced Friday that the inflation-protected bonds would start paying investors 4.3% on May 1, down ...
“Series I savings bonds you buy between now and the end of April 2022 will earn interest for the first six months at an annual rate of 7.12%,” according to the Treasury Department’s FAQ ...
In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. As of January 1, 2012, financial institutions no longer sell paper savings bonds. Savings bonds are currently offered in two forms, Series EE and Series I bonds.
Series E Bonds continued to be sold as part of the United States Savings Bonds program until June 1980, when they were replaced by Series EE bonds. Financial terms. Bonds issued from 1941 to November 1965 accrued interest for 40 years; those issued from December 1965 to June 1980, for 30 years.
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