5/1/08 Update:  Through October 31, 2008 newly issued series I bonds (or iBonds) will pay 4.84% and Series EE Bonds will pay 1.40%. I-Bonds (Inflation Protected Bonds) are a 100% safe way to defer taxes while getting inflation adjusted return for up to 30 years. These rates for new bonds are effective from May 2008 through October 31, 2008.     I Bond Earnings Rate 4.84%, Fixed Rate 0.00% DATE FIXED RATES* MAY 1, 2008 0.00% NOV 1, 2007 1.20% MAY 1, 2007 1.30% NOV 1, 2006 1.40% MAY 1, 2006 1.40% NOV 1, 2005 1.00% MAY 1, 2005 1.20% NOV 1, 2004 1.00% MAY 1, 2004 1.00% NOV 1, 2003 1.10% MAY 1, 2003 1.10% NOV 1, 2002 1.60% MAY 1, 2002 2.00% NOV 1, 2001 2.00% MAY 1, 2001 3.00% NOV 1, 2000 3.40% MAY 1, 2000 3.60% NOV 1, 1999 3.40% MAY 1, 1999 3.30% NOV 1, 1998 3.30% SEP 1, 1998 3.40%      Inflation Bond Facts: I Bonds earn interest from the first day of their issue month. You can redeem them at any time after a twelve-month minimum holding period They are an accrual-type security They increase in value monthly and the interest is paid when you redeem the bond I Bonds are sold at face value; i.e., you pay $50 for a $50 I Bond I Bonds grow in value with inflation-indexed earnings for up to 30 years If you redeem I Bonds before they’re five years old, you’ll forfeit the three most recent months’ interest; at or after 5-years old, you won’t be penalized. *Annual rates compounded semiannually Maximum purchase (per calendar year): $5,000 in TreasuryDirect and $5,000 in paper bonds 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. Article: Beware of Annuities

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