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08 Feb, Wednesday
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Bull Trader USA

Treasury Department announces new Series I bond rate of 6.89% for the next six months

Jetcityimage | Istock | Getty Images

The U.S. Department of the Treasury on Tuesday announced Series I bonds will pay 6.89% annual interest through April 2023, down from the 9.62% yearly rate offered since May.

It’s the third highest rate since I bonds were introduced in 1998, and investors may lock in this rate for six months by purchasing anytime before the end of April.

This is breaking news. Please check back for updates.

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