Series I bonds are now paying 5.27% annual interest through April 2024. Here's how to know if you should buy I bonds.
Series I bonds are now paying 5.27% annual interest through April 2024, up from the 4.3% yearly rate offered since May.
However, short-term investors should compare I bonds to options like certificates of deposit, high-yield savings accounts, Treasury bills and money market funds, experts say., investors can now lock in a fixed rate of 1.3%, up from 0.9%, for I bonds purchased from May 1 through Oct. 31.If you're a long-term investor, "it's definitely a good time to build up some I bonds," said Ken Tumin, founder and editor of DepositAccounts.
Experts say the new 1.3% fixed rate makes I bonds an attractive option for long-term investors looking for an inflation-protected place for cash.Financial advisor at Keil Financial Partners
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