I Bonds Projected Rate May 2024. Rates for savings bonds are set each may 1 and november 1. Treasury announced this week that i bonds purchased between november 2023 and may 2024 will earn 5.27% for the first six months.
The current i bond interest rate is 5.27% for bonds issued between november 1, 2023, and april 30, 2024. Bonds held less than five years are.
I Bond Rates Are Recalculated Every Six Months Based On Inflation.
The new rate reflects a 2.98% annualized rate of inflation in the six months ending in march 2024 plus a fixed rate of 1.3% that prevails over the life of the bonds,.
The Policymakers Themselves Had Projected Three Rate Reductions In 2024.
27, 2023, i posted a prediction on the i bond’s nov.
The Current I Bond Interest Rate Is 5.27% For Bonds Issued Between November 1, 2023, And April 30, 2024.
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The Fixed Rate Is 1.3% For I Bonds Issued From November 2023 Through April.
Markets, which had been pricing as much as 150bp of total rate cuts in calendar year 2024, are now implying just 30bp of cuts due to both stronger inflation.
For I Bonds Issued Between Nov.
Rates for savings bonds are set each may 1 and november 1.
If You Buy I Bonds Between November 2023 And April 2024, You’ll Be Guaranteed A Total Rate Of 5.27% For The Next Six Months (Based On The Previous Six Months Formula).