New I Bonds Offer Attractive 5.27% Rate Through April 2024

New I Bonds bought from November 2022 through April 2024 will have an attractive 5.27% rate.

The fixed rate component climbs significantly to 1.3%, up from 0.9% for bonds issued May-October 2022.

Rates are a blend of a fixed rate for the 30-year bond life and an inflation rate that changes every 6 months.

Current annualized inflation rate is 3.94%, which will apply to old and new I Bonds.

Savers can't redeem I Bonds for 12 months after purchase and face a penalty if cashed in under 5 years.