I-Bond Rates Fall To 2.41%

The news from the Bureau of the Public Debt regarding the current I-Bond wasn’t pretty. While I-Bonds had been paying 6.73% during the previous period (November 1, 2005 to April 30, 2006), the new rates plunged to a measly 2.41%. I had written that I believed that something like this would happen so it really wasn’t much of a surprise, but I bet a lot of people who saw that 6.73% rate aren’t quite as happy as they were when they purchased the I-Bond. The new I-Bond includes a fixed rate of 1.4% (up from 1.0%) and a variable rate of 1.0%. Since you can easily find online banks that are paying above 4% (with sign up bonuses to boot: Emigrant $20 Bonus and ING $25 Bonus), I-Bo

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One Response to I-Bond Rates Fall To 2.41%

  1. Pingback: Carnival of Investing #21 - Fat Pitch Financials

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