The rate for a newly purchased I Bond for November 2011 through April 2012 is 3.06%.
This rate includes the CPI-U change from March through September, which increased 1.53%. The newly announced fixed rate is 0.00%. This is the same fixed rate as the previous 6 months. The resulting composite rate for a newly purchased rate is 3.06%.
http://treasurydirect.gov/news/pressroom/pressroom_comeeandi1111.htm
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