{"id":1696848,"date":"2022-10-15T06:07:02","date_gmt":"2022-10-15T10:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696848"},"modified":"2022-10-16T17:50:09","modified_gmt":"2022-10-16T21:50:09","slug":"series-i-bond-interest-rate-expected-to-fall-to-6-48-in-november","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/series-i-bond-interest-rate-expected-to-fall-to-6-48-in-november\/","title":{"rendered":"Series I Bond Interest Rate Expected to Fall to 6.48% in November"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fseries-i-bond-interest-rate-expected-to-fall-to-6-48-in-november%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696848&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>     Year-end Planning             Series I bonds, an inflation-protected and nearly risk-free investment, may reduce annual rates to roughly 6.48% in November, experts say. While it&#8217;s down from the current 9.62% rate through Oct. 31, it&#8217;s still higher than other savings options.           Morsa Images | E+ | Getty Images    Fixed rate for I bonds will &#8216;most likely be zero&#8217;  <\/p>\n<p>I bond rates have two parts, a fixed rate, which remains the same after purchase, and a variable rate, which changes every six months based on inflation.<\/p>\n<p>The variable part is the percentage change in inflation over the past six months based on the consumer price index for all urban consumers, known as CPI-U, reported by the U.S. Bureau of Labor Statistics.\u00a0<\/p>\n<p>However, there&#8217;s no set formula for the fixed rate, which is currently 0%, according to David Enna, founder of Tipswatch.com, a website that <a href=\"https:\/\/tipswatch.com\/2022\/10\/13\/september-inflation-report-sets-i-bond-variable-rate-at-6-48-social-security-cola-rises-to-8-7\/\" target=\"_blank\" rel=\"noopener\">tracks I bond rates<\/a>.\u00a0<\/p>\n<p>While he predicts a 50\/50 chance of the fixed rate changing, he said many experts believe it won&#8217;t be necessary due to existing high demand for I bonds.<\/p>\n<p>&#8220;If we get to 0.3% or 0.5% [for the fixed rate], it will be somewhat a surprise,&#8221; Enna said. &#8220;I think most likely it will be zero.&#8221; <a href=\"https:\/\/www.treasurydirect.gov\/files\/savings-bonds\/i-bond-rate-chart.pdf\" target=\"_blank\" rel=\"noopener\">This chart<\/a> from the Treasury Department shows the history of both rates since November 2021.<\/p>\n<p>  New rate is still higher than other savings products  <\/p>\n<p>While 6.48% is lower than the past two I bond rates, it&#8217;s still higher than other options for cash, like savings accounts or certificates of deposits, Tumin said.\u00a0<\/p>\n<p>Although <a href=\"https:\/\/www.cnbc.com\/2022\/09\/26\/where-to-get-the-best-return-on-your-cash-amid-rising-interest-rates.html\">interest rates are climbing<\/a>, most banks still aren&#8217;t paying more than 4% for a one-year CD, he said.\u00a0And top high-yield savings accounts are offering even less: 3.5% at most, as of Oct. 14, according to DepositAccounts.com. The national average is 0.20%.<\/p>\n<p>However, you need to know that you can&#8217;t access I bond money for at least one year and there&#8217;s a three-month penalty if you cash in the funds within five years. There&#8217;s also a $10,000 purchase limit for electronic I bonds per calendar year, with <a href=\"https:\/\/www.cnbc.com\/2022\/05\/14\/how-to-buy-more-than-10000-in-nearly-risk-free-i-bonds-this-year.html\">a few options to buy more<\/a>.<\/p>\n<p>Still, if you need the money in the short-term, it may be better to diversify with other options to tap the funds sooner.<\/p>\n<p>&#8220;If you&#8217;re using it for emergency funds, it&#8217;s important to ease into it,&#8221; Tumin said. &#8220;Slowly ramp up, and don&#8217;t put all your eggs in that basket.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Year-end Planning Series I bonds, an inflation-protected and nearly risk-free investment, may reduce annual rates to roughly 6.48% in November, experts say. While it&#8217;s down from the current 9.62% rate through Oct. 31, it&#8217;s still higher than other savings options. Morsa Images | E+ | Getty Images Fixed rate for I bonds will &#8216;most likely &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1696850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1696848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1696848"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1696850"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1696848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1696848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1696848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}