New I Bond Rates Provide a First

For the first time in the history of the I Bond, the variable rate published November 1, 2013 equalled the rate published the previous six months–1.18%.  The fixed rate on new purchases was increased to .2% so the combination of the two rates provides an initial rate of 1.38% on I Bonds purchased from November 1, 2013 to April 30, 2014.

Older I Bonds will earn varying rates from 1.18% to 4.78% during their next six month accrual. A savings bond statement  will provide you with the exact detail for each bond you own.  It will also show the critical fixed rate that each of your I Bonds is assigned. Some older I Bonds have fixed rates at more than 3%.  How to order a Bond Statement.

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