"Series I Bond Rate Surges to 5.27%: A Strong Fixed Rate for Investors"

The new rate for Series I Bonds starting on Nov. 1 will be 5.27%, consisting of a 1.3% fixed rate and a 3.94% inflation rate. This is the highest fixed rate since 2007. Investors who purchased Series I Bonds during high inflation periods received a 0% fixed rate, while those buying now will receive the 1.3% fixed rate for as long as they hold the bond. There are purchase limits and cash-out restrictions, but strategies can be employed to maximize returns.