New rate for I-Bonds
I-bonds just got to be a better deal. Those issued over the next six months will pay 4.52 percent interest, up from 2.41 percent. The interest rate on this type of savings bond has two components, a fixed rate that applies for the life of the bond (currently 1.4 percent), plus an adjustable rate based on the rate of inflation (currently 3.1 percent). If you shop around, you can do better than that in a short-term CD, but you won’t get the tax deferral savings bonds offer. Read more about I-bond rates here.
St. Petersburg Times personal finance editor Helen Huntley writes about money topics and answers questions about financial planning, investments and personal income taxes.
You should include a way to find out what everyone's savings bonds are currently earning in your article.
Visit WWW.SAVINGSBONDS.COM to learn more about what YOUR bonds are earning. Did you know that bonds purchased prior to November 1st may not be earning these rates?
Posted by: Matthew | November 06, 2006 at 09:45 AM