With a fixed rate of 0.0% and an inflation component of 2.42%, the rate for a new I bond purchased May-Oct is 4.84%. With a fixed rate of 0%, these I bonds are not very attractive for a long term investment.
Bonds purchased prior to May 1, 2008 will show the new 2.42% inflation component on the bond's 6 month anniversary. You can use the calculator on the I bond rates page to find the new rate of your bond based on the fixed rate of the bond and the 2.42% CPI-U rate.
Thursday, May 1, 2008
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