The interest rate on U.S. I Bonds slightly rises to 4.03%, with the fixed rate lowered but still outpacing most savings products
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The U.S. Department of the Treasury announced that the annualized interest rate for the new round of inflation-linked savings bonds (I Bonds) is 4.03%, effective this Saturday and lasting for six months. This rate is slightly higher than the 3.98% of the past six months, but the fixed rate has decreased from 1.1% to 0.9%. The interest on I Bonds compounds semiannually and offers tax advantages, making them suitable for individual investors to hedge against inflation. Although their attractiveness is lower than the peak in 2022, they still hold allocation value in the context of inflation being above the Federal Reserve's target
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