U.S. Treasury Announces New 4.26% Rate for I Bonds Effective May
The U.S. Treasury announced that new I bonds purchased between May and October will earn a composite rate of 4.26%, reflecting an increase in the inflation component to 3.34%. Existing bondholders may see adjustments based on their issue date, with potential for further increases if oil prices remain high due to rising inflation linked to the Iran conflict.
Topics: I bonds inflation interest rates savings Treasury