We’ve been reporting on the twice-per-year I Bond rate releases. The new rate for November 2024 through April 2025 is slated to be 1.90%, based on inflation reports. Additionally, estimates/predictions are that the fixed rate will be around 1.20% (or possibly a bit less). That gives a total rate of around 3.10% for 6 months.
What this means:
- If you already own I Bonds and keep them, you’ll get just 1.90% interest rate for the six month rate period of November 2024 through April 2025 (plus whatever your fixed rate is from a previous buy).
- If you buy new I Bonds (or I Bond gifts) between November 1, 2024 and April 30, 2025, you’ll likely get around 3.10% for the first six months (1.90% variable + 1.20% fixed). After the six months is over, you’ll get the fixed rate added to whatever the future variable rates are at the time.
For comparison sake: the current rate which runs April 2024 through October 2024 is 4.28% – that comes from a 1.30% fixed rate and 2.98% variable rate.
List of Past I-Bonds Rates
For context, here is a review of past I Bond rates that many of us bought into:
- May 2021 through October 2021 – 3.54%
- November 2021 through April 2022 – 7.12%
- May 2022 through October 2022 – 9.62%
- November 2022 through April 2023 – 6.48% (6.89%)
- May 2023 through October 2023 – 3.40% (4.30%)
- November 2023 through April 2024 – 3.97% (5.27%)
- May 2023 through October 2024 – 2.98% (4.28%)
- (estimate) November 2024 through April 2025 – 1.90% (3.10%)