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I Bond Rates (iBonds) Inflation Protected Bonds |
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5/1/09 Update:
Current I Bond Earnings Rate is 0.00%, Fixed Rate 0.10%
I bond fixed rates are determined each May 1 and November 1. Each
fixed rate applies to all I-bonds issued in the six months following
the rate determination.
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| The earnings rate for Series I Savings Bonds (aka iBonds and I-Bonds) is
a combination of a fixed rate, which applies for the life of the bond,
and the semiannual inflation rate. Here's how the composite rate for I bonds issued Nov 2008 - Apr. 2009 was
set:
Fixed rate = 0.70% Composite rate = [0.0070 + (2 x 0.0246) + (0.0070 x 0.0246)] Composite rate = [0.0070 + 0.0492 + 0.0001722] Composite rate = [0.0563722] Composite rate = 0.0564 Composite rate = 5.64%
Article: Beware of Annuities |
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