On November 1st, the United States Treasury announced the Series I Savings Bond rate reset will be 6.89% for the next six months. The new rate is considerably lower than the preceding rate of 9.62% but is still the third highest rate ever offered on Series I Savings Bonds. For those that have already purchased the maximum for this calendar year, you will have a chance to seize the new rate on January 1.
The new rate of Series I Savings Bonds consists of a fixed rate of 0.4% and an inflation adjustment of 6.48%.