Expert recommends Series I bonds for longer-term investors despite lower annual rate.
TL;DR Summary
The U.S. Department of the Treasury has announced that Series I bonds will pay 4.3% annual interest through October, a drop from 6.89% in November amid falling inflation. The new variable rate is 3.38% and the fixed rate is 0.9%. While I bonds may still appeal to longer-term investors, the 4.3% annual rate may be less attractive to those with shorter-term goals. Experts say I bonds are now more of a "strategy investment" for those who want to know how much they're earning above inflation for the long run.
Topics:business#fixed-rate#inflation#personal-finance#series-i-bonds#us-department-of-the-treasury#variable-rate
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