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(Update 5/2/24: Rate ends up being 4.28% total: 3.98% variable and 1.30% fixed. This is roughly the numbers discussed in the post, below, which was written before we had the final numbers.)
We’ve been reporting on the twice-per-year I Bond rate releases. The new rate for May through October 2024 is slated to be 2.96%, based on inflation reports. Additionally, guesses/predictions are that the fixed rate will be around 1.30%. That gives a total rate of around 4.30% for 6 months.
This was published by Doctor Of Credit, to read the complete post please visit https://www.doctorofcredit.com/upcoming-i-bonds-rate-estimated-at-4-30-apy-variable-fixed-should-you-buy-or-sell-now/.