Mandel Ngan | AFP | Getty ImagesHow I bond rates workI bond rates have a variable and fixed rate portion, which the Treasury adjusts every May and November.
You can see the history of both parts of the I bond rate here.
The variable rate is based on inflation and stays the same for six months after your purchase date, regardless of the Treasury's next announcement.
How I bond rate changes affect current holdersIf you currently own I bonds, there's a six-month timeline for rate changes, which shifts depending on your original purchase date.
But your fixed rate would remain at 1.30%.
Persons:
Mandel Ngan, there's
Organizations:
US Department of Treasury, AFP, Getty, Treasury
Locations:
Washington ,