The U.S. Department of the Treasury has announced new Series I bond rates.
Linked to inflation, newly purchased I bonds will pay 3.11% annual interest from November 1 through April 30, 2025, which is down from the 4.28% yield offered since May and the 5.27% yield rate offered in November 2023.
The new rate includes a variable portion of 1.90% and a fixed portion of 1.20%. The fixed rate is down from 1.3% announced in May.
After hitting a record high of 9.62% in May 2022, the I bond yield is down significantly. But the fixed-rate portion of the yield still appeals to some long-term investors, experts say.