Key Takeaways
- The U.S. Treasury announced today that I bonds purchased between May and October this year will earn 4.28% for their first six months.
- If you already own I bonds, however, your next six-month rate will likely be lower.
- For anyone who purchased I bonds between November 2021 and October 2022—when returns climbed as high as 9.62%—your new six-month rate will be 2.96%.
- Whatever your new rate, the date it will begin depends on your I bond’s issue month (see our tables below).
- Today’s best CDs are paying record rates up to 5.65% APY, making now a good time to swap existing I bond funds into a top-paying CD.
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Today’s New Rate for I Bond Purchases
I bond rates change twice a year based on the inflation trend of the previous six months—which is why they’re called I bonds. But the rate is actually made up of two parts. One is fixed for the life of…
