This article has been updated to reflect the new May to November, 2022 period. Big news for savers and investors searching for the rare strong rate of return paired with low risk: the U.S. Treasury Series I Savings Bond interest rate for May, 2022 was just announced and it’s an eye-opening 9.62% APR. This is the highest I bond rate offered since their launch in 1998 and nearly triple the rate that I was overjoyed about when I first purchased an I bond and wrote about them in my I bond overview. It’s also an increase of 2.5 percentage points
The post New Series I Bond Rate for...
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[Read the rest of the story at 20somethingfinance.com]