Sugden Wealth Management

Series I Savings Bond Rate Reset is 6.89%

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%.

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