The U.S. Treasury Department announced the rate on new I Bonds, issued between November 2009 and April 2010, will pay 3.36%. This number is made up of a fixed rate that holds for the 30-year life of the bond — now .3% — and an annualized rate component which adjusted every six months — now 3.06%. Over the last six-month period the rate was 0%.
The following is taken from the Treasury Direct website, http://budurl.com/slct where you can read the full announcement:
The Treasury Direct website “I Bond Earnings Rate 3.36%, Fixed Rate 0.30%
The earnings rate for Series I Savings Bonds is a combination of a fixed rate, which applies for the life of the bond, and the semiannual inflation rate. The 3.36% earnings rate for I bonds bought from November 2009 through April 2010 will apply for their first six months after issue. The earnings rate combines a 0.30% fixed rate of return with the 3.06% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers (CPI-U). The fixed rate applies for the 30-year life of I bonds purchased during this six-month period. The CPI-U increased from 212.709 to 215.969 from March 2009 through September 2009, a six-month increase of 1.53%.”
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