Upcoming Series I Bonds Interest Rate Reset – Trick or Treat?

October 20, 2022
By Matt Cohen, CFP®, CIMA®
I Bonds West Financial Services

You have probably heard about this year’s hot investment, Treasury issued Series I savings bonds. We wrote an article in the spring about I bonds when the interest rate was set to 9.62%. The next interest rate reset will take place on November 1, based on the inflation rate of the previous six months. A recent Barron’s article estimates the new interest rate to be roughly 6%, which may leave some I bond savers with a sour taste.*

To be sure, a 6% yield on such a safe asset is still an incredibly attractive rate. However, for those of you looking to lock in a 9.62% interest rate for the next six months, make sure you purchase your I Bonds before the trick-or-treaters come to your doors on October 31.  

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Source:

*https://www.barrons.com/articles/i-bond-new-rates-november-51663365393?noredirect=y

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