The U.S. Department of the Treasury has announced a new rate for Series I savings bonds, effective for the next six months. The fixed portion of the bond’s composite rate is set at 5.51%, according to the Treasury’s latest update.
The new rate applies to Series I bonds that will mature through April 2027. The Treasury’s announcement is part of its regular schedule of setting rates for these inflation‑linked securities.
Series I bonds combine a fixed rate with a variable inflation adjustment. The 5.51% figure represents the fixed component that will remain constant for the life of the bond, while the inflation component is updated semi‑annually.
Investors can purchase new Series I bonds at the TreasuryDirect website. The Treasury has not issued additional commentary on the factors influencing the new rate.
<small>Source: CNBC — read the original story there.</small>