Ibond Rates October 2024. At those rates, you were enjoying. The fixed rate of an i bond will never change.
Treasury announced this week that i bonds purchased between november 2023 and may 2024 will earn 5.27% for the first six. If the federal reserve moves into a period of rate cuts later in 2024 or in 2025, savings account rates will begin to come down.
May 1, 2024 At 7:51 A.m.
Department of the treasury announced tuesday.
You Can Track Economic Conditions For The Next Six Months And Check Again In October To.
Treasury announced this week that i bonds purchased between november 2023 and may 2024 will earn 5.27% for the first six.
At The May 1 Reset, That Variable Rate Will Fall To 2.96% For I Bonds Purchased In May To October, And Then Eventually For All I Bonds After Six Months Of The 5.27% Rate.
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Savings I Bonds Bought From May 1, 2024 Through October 31, 2024 Will Have A Fixed Rate Of 1.30%, For A Total Composite Rate Of 4.28% For The First 6 Months.
So for anyone who bought during the popular i bond period of may through october 2022, their current rate of 3.94% will drop to about 2.94%.
I Think The New Fixed Rate Will.
The current april 2024 i bond inflation rate is 3.94%.