- Series I bonds, an inflation-protected and nearly risk-free asset, will pay 5.27% through April 2024, the U.S. Department of the Treasury announced Tuesday.
- Based on inflation data, it’s the fourth-highest rate since I bonds were introduced in 1998.
- However, investors need to consider the downsides, along with their goals, before purchasing.
The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest from Nov. 1 through April 2024, up from the 4.3% annual rate offered since May.
Tied to inflation, investors can claim 5.27% for six months — the fourth-highest I bond rate since 1998 — by purchasing any time from Nov. 1 through the end of April 2024.
Kate Dore | CNBC